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Pradhan Mantri Kisan Samman Nidhi Yojana

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Pradhan Mantri Kisan Samman Nidhi Yojana: A Scheme for the Betterment of Farmers

The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) is a scheme launched by the government of India in February 2019. The scheme aims to provide financial assistance to small and marginal farmers across the country. Through the scheme, the government provides a direct income support of ₹6,000 per year to eligible farmers. The scheme is an effort to improve the socio-economic conditions of farmers and reduce distress in the agricultural sector.

The scheme was launched with the objective of providing financial assistance to farmers who face financial difficulties due to the growing expenses of farming. The scheme benefits small and marginal farmers with up to two hectares of land. The scheme is not applicable to farmers who are employed in any government job or have an income of more than ₹2.5 lakhs per annum.

Under the scheme, the financial assistance of ₹6,000 is provided in three installments of ₹2,000 each over a period of four months. The first installment is transferred to the eligible farmer’s bank account from 1st April to 31st July, the second from 1st August to 30th November, and the third from 1st December to 31st March.

To avail of the benefits of the scheme, farmers are required to register themselves through the official website of the scheme or at the nearest Common Service Centre (CSC). The registration process for the scheme is simple and easy, and farmers are required to provide the necessary documents such as Aadhaar card, land details, and bank account details.

The scheme has been successful in providing financial assistance to farmers across the country. As of June 2021, over 14 crore farmers have been registered under the scheme, and the government has disbursed ₹1.15 lakh crore to eligible farmers. The scheme has provided a much-needed financial cushion to farmers, especially during these challenging times when farmers are struggling due to the COVID-19 pandemic.

In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana is an ambitious scheme by the government of India to support the agricultural sector and improve the financial conditions of farmers. The scheme has been successful in providing much-needed financial assistance to small and marginal farmers in the country. The government’s commitment to the welfare of farmers is commendable, and such schemes will go a long way in ensuring the prosperity of farmers and the development of the agricultural sector in the country.

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