The Pradhan Mantri Kisan Samman Nidhi Yojna (PM-Kisan) is an initiative of the Government of India that aims to provide financial assistance to farmers across the country. The scheme was launched by Prime Minister Narendra Modi in February 2019, and its objective is to ensure a steady flow of income to farmers and improve their standard of living.
Under the PM-Kisan, farmers receive direct financial assistance of Rs. 6,000 per year in their bank accounts. The scheme is targeted at small and marginal farmers who have up to 2 hectares of land. The assistance is transferred to the farmers’ bank accounts in three instalments of Rs. 2,000 each.
The PM-Kisan scheme is aimed at benefiting around 14 crore farmers across the country. The government has allocated a budget of Rs. 75,000 crore annually for the implementation of this scheme.
To avail the benefits of the PM-Kisan, farmers have to apply for the scheme through their respective State or UT government. The application process is simple and can be done online. On successful application, the farmer’s details are verified by the state or UT governments, and then they are added to the PM-Kisan database.
The scheme has been successful in providing financial assistance to farmers across the country. The PM-Kisan scheme has helped farmers cope with the effects of natural calamities and other external factors that disrupt their livelihoods. It has also helped in reducing farmer suicides and improving overall agricultural security.
In conclusion, the PM-Kisan scheme is a significant initiative taken by the Government of India to help farmers across the country. The scheme provides direct financial assistance to small and marginal farmers, which goes a long way in improving their living standards. Through this scheme, farmers receive a steady flow of income, which helps to make their lives more secure and stable. It is a significant step in ensuring the welfare of farmers and promoting agricultural growth in India.