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Pradhan Mantri Kisan Samman Nidhi Yojana

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Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a new scheme launched by the Government of India with the aim of providing financial assistance to the farmers of the country. It was announced in the Union Budget 2019-20 and the scheme has been in effect since February 2019.

The PM-KISAN scheme provides an income support of Rs. 6,000 per year to the eligible farmers. This amount is directly transferred to the bank accounts of the beneficiaries in three equal installments of Rs. 2,000 each. The scheme is applicable to all farmers in the country, irrespective of the size of their land holdings.

To avail the benefits of the scheme, the farmers need to fulfill certain eligibility criteria. Firstly, the farmer must be a citizen of India. Secondly, it is mandatory for the farmer to hold cultivable land in his/her name. The scheme is applicable to both small and marginal farmers, as well as large landholders. However, farmers who have more than 2 hectares of land are not eligible for this scheme.

The objective of PM-KISAN is to provide direct income support to the farmers, which will help them in meeting their agricultural input costs and other expenses related to farming. This will help in improving the agricultural productivity and income of the farmers and provide them with greater financial stability.

The scheme is being implemented by the Ministry of Agriculture & Farmers Welfare. The government has allocated a budget of Rs. 75,000 crores for this scheme and the target is to provide benefits to around 12 crore farmers across the country.

The PM-KISAN scheme has been widely appreciated by the farming community as it seeks to address the long-standing issue of financial instability and distress among farmers. The scheme has been successful in providing timely and adequate support to the farmers, especially during times of crop failure and natural calamities.

To conclude, the PM-KISAN scheme is a step towards providing financial assistance and stability to the farmers of the country. It is a noble initiative that will go a long way in improving the livelihood of the farmers and boosting the agricultural sector of the country.

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