Certainly, here is an article on the Pradhan Mantri Kisan Saman Nidhi Yojana (PM-KISAN).
The Pradhan Mantri Kisan Saman Nidhi Yojana (PM-KISAN) is a government scheme launched by Prime Minister Narendra Modi in 2019 to provide financial assistance to farmers across India. Under the scheme, eligible farmers receive direct cash transfers of Rs 6,000 per year.
The main objective of the PM-KISAN scheme is to support farmers, especially small and marginal farmers who may not have access to formal credit and insurance, by providing them with a stable and assured source of income. The scheme also aims to increase the purchasing power of farmers which can, in turn, boost rural demand and support the overall economic development of rural India.
To be eligible for the PM-KISAN scheme, farmers should have a cultivable landholding of up to two hectares (five acres) and they should have a valid Aadhaar card. The scheme is applicable to all farmers, irrespective of their community, caste, gender, or religion.
The PM-KISAN scheme is implemented by the Ministry of Agriculture and Farmers Welfare and it entails a budget of approximately Rs 75,000 crores per annum. The amount is transferred directly to farmers’ bank accounts in three equal instalments of Rs 2,000 each.
To ensure transparency and to prevent any leakages of funds, the government has implemented an elaborate monitoring mechanism. The scheme is digitized, and it requires all beneficiaries to have a bank account linked with Aadhaar. The government verifies beneficiaries’ eligibility through land records, which is then updated into the PM-KISAN portal.
The PM-KISAN scheme has been welcomed by farmers across India, and it has been instrumental in addressing poverty, inequality, and financial distress in rural areas. The government has also taken various measures to improve agriculture productivity and farmers’ livelihood in addition to the PM-KISAN scheme.
In conclusion, the PM-KISAN scheme is a commendable initiative by the government of India to support farmers and provide them with a stable source of income. The scheme has benefitted millions of farmers across India, and it is a significant step towards achieving inclusive and sustainable development in rural India.