The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Indian government in February 2019. The scheme aims to provide financial assistance to farmers across the country. The PM-KISAN scheme provides an annual income support of Rs. 6,000 per year to eligible farmers.
The scheme is targeted towards small and marginal farmers who own less than two hectares of land. The government has identified approximately 14 crore (140 million) beneficiaries who are eligible to receive the benefits of this scheme. The scheme is expected to cost the government a whopping Rs. 75,000 crore annually.
The scheme is being implemented by the Department of Agriculture, Cooperation & Farmers Welfare under the Ministry of Agriculture & Farmers Welfare. The scheme is being implemented through a web-based application and an Aadhaar-based payment system to ensure transparency and to prevent duplicity.
Under the scheme, the financial assistance of Rs. 6,000 per year is released in three equal instalments of Rs. 2,000 each directly to the bank account of the beneficiaries. The first instalment is paid between April to July, the second instalment is paid between August to November, and the third instalment is paid between December to March.
The PM-KISAN scheme has been widely appreciated by farmers across the country, as it provides them with a much-needed financial cushion in their times of need. In addition to providing financial assistance, the scheme also provides farmers with a sense of security and confidence, as they know that they have support from the government.
Overall, the Pradhan Mantri Kisan Samman Nidhi Yojana is a critical initiative by the government to support farmers in India. The scheme has the potential to alleviate the poverty of millions of rural farmers and improve their livelihoods. With effective implementation, the scheme can go a long way in ensuring that India’s farmers are not left behind in the country’s growth story.