Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a government scheme aimed at providing financial assistance to small and marginal farmers in India. The scheme was launched in February 2019, and it is being implemented by the Department of Agriculture, Cooperation & Farmers’ Welfare (DAC&FW), Ministry of Agriculture & Farmers’ Welfare, Government of India.
Under the PM-KISAN scheme, eligible farmers receive an amount of ₹6,000 per year in three equal instalments of ₹2,000 each. The scheme aims to provide timely financial assistance to the farmers to help them meet their agricultural needs, such as buying seeds, fertilizers, and other inputs. The scheme also aims to ensure the socio-economic security of the farmers and their families.
The scheme is applicable to all small and marginal farmers who own less than two hectares of land. The scheme is based on the farmer’s land records, which are maintained by the States and Union Territories. The farmers can apply for the scheme online or offline, and the benefit is transferred directly to their bank accounts.
The PM-KISAN scheme has been designed to provide a direct income support to farmers, and it is expected to benefit around 12 crore farmers across the country. The scheme is also expected to reduce the distress among the farmers, which is one of the main reasons for farmer suicides in the country.
The scheme has received a positive response from the farming community, and it has been implemented in a transparent and efficient manner. The scheme has brought about a significant improvement in the livelihoods of the small and marginal farmers, and it has helped in boosting rural incomes and agriculture growth.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana is a much-needed scheme that provides much-needed financial aid to small and marginal farmers in India. The scheme is a step in the right direction towards improving the socio-economic status of the farmers and their families. The scheme has shown great promise and has the potential to transform the lives of the farmers and to contribute to the overall development of the Indian economy.