PM Kisan Samman Nidhi Yojana: A Comprehensive Scheme for Farmers
The PM Kisan Samman Nidhi Yojana is one of the flagship welfare schemes of the Government of India that aims to provide income support to farmers across the country. Launched in February 2019, this scheme seeks to provide financial assistance to eligible farmer families by transferring the money directly into their bank accounts.
The scheme is designed in such a way that it takes into account the financial needs of small and marginal farmers who often struggle to make ends meet. Under this scheme, such farmers are entitled to receive Rs. 6000 per year in three equal installments of Rs. 2000 each.
The eligibility criteria for the scheme are quite simple and straightforward. Any farmer who owns cultivable land up to 2 hectares or less and falls under the category of small and marginal farmer is eligible to apply for the financial assistance provided by PM Kisan Samman Nidhi Yojana.
The registration process for the scheme has been made quite simple to ensure maximum participation by the farmers. The farmers can apply both online through the official website or offline by visiting the nearest common service centers (CSCs). The online application process involves visiting the PM Kisan Portal and filling in the necessary details like Aadhar number, bank account details, and landholding details.
The payments under the scheme are made in three equal installments of Rs. 2000 each in April, August, and December. The funds are transferred directly to the bank accounts of the eligible farmers through the Direct Benefit Transfer (DBT) mechanism.
The PM Kisan Samman Nidhi Yojana has been a boon for the farmers in the country, especially in these challenging times. With the COVID-19 pandemic wreaking havoc on the economy, this scheme has provided much-needed relief to the farmers who have been grappling with multiple issues like rising input costs, climate change, and low prices for their produce.
In conclusion, PM Kisan Samman Nidhi Yojana has been a game-changer for small and marginal farmers who have been struggling to make ends meet. The scheme has provided financial assistance to farmers, which has helped them secure their livelihoods and maintain their farming activities. As a result, it has a positive impact on the rural economy by stimulating agricultural growth and increasing the farmers’ income. The scheme has received widespread support from the farming community and has been instrumental in addressing the concerns of small and marginalized farmers.