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PM-Kisan Samman Nidhi Yojna Information: All You Need to Know
The PM-Kisan Samman Nidhi Yojna is a government scheme that was launched in February 2019. The aim of this scheme is to provide financial assistance to small and marginal farmers across the country. The scheme seeks to provide support to farmers who have less than two hectares of land. The scheme provides a direct cash benefit of Rs 6,000 per year to eligible farmers’ families.
Eligibility Criteria
The eligibility criteria for the PM-Kisan Samman Nidhi Yojna are as follows:
1. Landholding: The scheme is applicable to all the farmers who have less than two hectares of land.
2. Family Income: The scheme is applicable to families with a combined income of less than Rs 10 lakh per annum.
3. Citizenship: Only Indian citizens are eligible for this scheme.
4. Age: There is no age limit for beneficiaries of this scheme.
5. Other Schemes: In order to be eligible for the PM-Kisan scheme, beneficiaries should not be beneficiaries of any other central government agriculture scheme.
Benefits of the Scheme
Under the PM-Kisan Samman Nidhi Yojna, eligible farmers’ families are entitled to receive a cash benefit of Rs 6,000 per year in three equal instalments of Rs 2,000. The funds are transferred directly to the farmers’ bank accounts through Direct Benefit Transfer (DBT). This ensures that the funds are directly credited to the rightful beneficiaries without any intermediaries.
Impact of the Scheme
The PM-Kisan Samman Nidhi Yojna has brought significant relief to small and marginal farmers across the country. The scheme has helped these farmers to cope with the financial stress caused by various agricultural challenges. The scheme has also helped to boost the rural economy by increasing farmers’ purchasing power. The scheme has also helped to reduce the distress migration of rural labourers to urban areas.
Conclusion
The PM-Kisan Samman Nidhi Yojna is a commendable initiative by the government of India. The scheme aims to provide financial assistance to small and marginal farmers across the country. The scheme has gone a long way in providing financial security to farmers’ families. It is hoped that the scheme will benefit more farmers in the future and contribute to the growth of the rural economy.