Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is an initiative by the Government of India aimed to provide financial assistance to farmers across the country. The scheme was launched on February 24, 2019, by Prime Minister Narendra Modi, with the aim of providing income support to farmers and their families, who are among the most vulnerable groups to suffer from financial distress.
Under the scheme, farmers receive an amount of Rs. 6,000 per year in three installments of Rs. 2,000 each, directly credited to their bank accounts. The scheme aims to provide financial assistance to small and marginal farmers who own cultivable land up to 2 hectares.
The PM-KISAN scheme has been one of the most ambitious schemes of the Modi government as it covers more than 145 million beneficiaries across the country. The scheme is expected to provide a boost to the rural economy and improve the standard of living of farmers.
The scheme has several benefits for farmers, including the provision of timely financial assistance to farmers, the reduction of agricultural distress, and the promotion of agricultural development. The scheme also aims to improve the outreach of government officials to farmers by creating a direct link between them and farmers.
However, the scheme has also been subject to criticism by some quarters, which say that it leaves out many small and marginal farmers who do not have land holdings. The scheme has also been criticized for inadequate information technology infrastructure, which has led to the exclusion of many farmers who are eligible for the benefits.
Despite these criticisms, the PM-KISAN scheme has been widely welcomed by the farming community, who have seen it as a step towards a better future for themselves and their families. The scheme has also had a significant impact on the agricultural sector, with farmers investing in better seed, fertilizers, and other agricultural inputs.
Overall, the PM-KISAN scheme has been a much-needed initiative for farmers in India who have long been neglected by successive governments. The scheme has helped provide a much-needed boost to the rural economy and has provided much-needed financial assistance to farmers across the country.