Certainly, here’s an article on Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN):
Pradhan Mantri Kisan Samman Nidhi Yojana: A Boost for Indian Farmers
India’s agricultural sector is the backbone of its economy, contributing nearly 17% to the nation’s gross domestic product. With over 58% of India’s population directly or indirectly involved in agriculture, the sector employs a significant portion of the country’s workforce. However, despite the sector’s critical role in India’s growth story, farmers in the country continue to face several challenges, including low productivity, inadequate infrastructure, and meager income.
To address these issues and support the farming community, the government of India launched the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) in February 2019. The scheme provides direct income support of Rs. 6,000 per year to small and marginal farmers with cultivable land up to two hectares.
Under the PM-KISAN scheme, eligible farmers receive the income support in three installments of Rs. 2,000 each, credited directly to their bank accounts. The scheme targets to benefit over 14 crore farmers across the country and provide additional support to farmers who face aftermaths of natural calamities.
The benefits of PM-KISAN extend beyond providing monetary support to farmers. The scheme aims to boost the agricultural sector and enhance farmers’ welfare by catering to their various requirements.
By providing income support, the scheme helps farmers in procuring necessary inputs, such as seeds, fertilizers, and agricultural equipment, among others. Further, the scheme aims to increase farmers’ income and promote agricultural growth. Additionally, the scheme encourages farmers to adopt modern farming techniques and emphasizes the use of technology in agriculture.
Furthermore, the PM-KISAN scheme has proven to be an essential tool in boosting rural consumption and stimulating the economy. By putting more money into farmers’ hands, the scheme increases their purchasing power and enables them to invest in local businesses, leading to local economic growth.
Since its launch, the PM-KISAN scheme has been a massive success and has provided assistance to millions of farmers in the country. The scheme has disbursed over Rs. 1.15 lakh crore to farmers across the country, benefiting close to 12 crore beneficiaries.
Despite its successes, the PM-KISAN scheme is a work in progress, and there is still room for improvement. Many farmers still face issues in receiving their support payments due to bank account complications, mandating more efficient implementation of the scheme for maximum impact.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana has emerged as a significant boon for Indian farmers, providing crucial monetary assistance to help them overcome the many challenges they face. Its impact on the agricultural sector is substantial, and it is expected to remain a crucial tool in the government’s efforts to enhance farmers’ welfare and boost rural consumption in the coming years.