PM Kisan Samman Nidhi Yojna is a government scheme that was launched in 2018 to provide financial assistance to small and marginal farmers of India. This scheme aims to supplement the financial needs of farmers for procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income.
Under this scheme, eligible farmers receive an amount of Rs. 6,000 per year in their bank accounts in three equal installments, directly from the central government. To avail of this scheme, the farmers should have small or marginal landholding up to 2 hectares and must be defined under any of the categories such as Small Farmer, Marginal Farmer, and another such category defined under the scheme.
The PM Kisan Samman Nidhi Yojna scheme has proved to be a significant step towards the welfare of farmers in India. The primary objective of the scheme is to ensure income support to the farmers by providing direct cash assistance to their bank accounts. The scheme has provided a way to farmers for many things which include inputs like seeds, fertilizers, and for small investments that are required for crop growth and good yield.
The scheme also aims to benefit more than 14 crore farmers in India, which will not only help them but also improve the overall agricultural sector of India. The scheme also helps farmers in improving their social status and increasing their purchasing power so that they can fulfill their basic needs and improve their living standards.
In conclusion, the PM Kisan Samman Nidhi Yojna is a progressive and visionary initiative to support small and marginal farmers financially across the country. The scheme has the potential to turn around the agricultural sector in India and rejuvenate the rural economy. The scheme has also received a warm welcome from farmers, and it has gone a long way in uplifting their lives. With the adequate support system, the scheme will reach out to all eligible farmers, and with adequate implementation, the future of agriculture will only look brighter.