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Pradhan Mantri Kisan Samman Nidhi Yojana

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Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Government of India in February 2019, aimed at providing financial assistance to small and marginal farmers across the country. The scheme is designed to ensure a steady income to the farmers and to support their agricultural activities.

Under the scheme, eligible farmers are provided a financial assistance of Rs. 6,000 per year in three equal instalments of Rs. 2,000 each. The scheme is applicable to all farmers, irrespective of the size of their landholdings, for the cultivation of crops and other agricultural activities.

To be eligible for the scheme, the farmer should be the owner of the land or should be a cultivator or a sharecropper. Also, the scheme is applicable only to those farmers who fall in the age group of 18-40 years.

The amount of financial assistance to be provided to the farmers is directly transferred to their bank accounts through the Direct Benefit Transfer (DBT) mode. The scheme intends to cover around 12 crore farmers across the country and is expected to cost the government around Rs. 75,000 crore annually.

The PM-KISAN scheme is a significant step towards providing financial security to the farmers who have been facing various challenges over the years, ranging from erratic weather conditions to unsatisfactory prices for their produce. The scheme is intended to provide a stable income to the farmers and to boost their agricultural activities, thereby contributing to the overall growth of the agriculture sector.

The scheme has received widespread support from various quarters, including farmers’ groups, political parties, and the general public. However, there have been criticisms that the scheme has several loopholes, such as the exclusion of tenant farmers, landless agricultural labourers, and women farmers, among others.

Despite its shortcomings, PM-KISAN is expected to go a long way in supporting the agricultural sector and providing financial aid to millions of farmers across the country. The scheme is seen as a significant step in the direction of ensuring farmers’ welfare and supporting the growth of the rural economy.

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