The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Government of India to provide financial assistance to small and marginal farmers in the country. The scheme, announced by the Finance Minister in the 2019 interim budget, aims to help farmers in meeting their agricultural needs and increasing their income.
Under the PM-KISAN scheme, eligible farmers receive an amount of Rs.6,000 per annum, which is payable in three installments of Rs.2,000 each. The payment is made directly to the farmer’s bank account in a cashless and seamless manner. The scheme covers around 14.5 crore farmers across the country.
To be eligible for the scheme, a farmer must fulfil the following criteria:
1. The farmer must be a citizen of India.
2. The farmer must own cultivable land up to 2 hectares.
3. The farmer must have an Aadhaar card.
4. The farmer’s name must be mentioned in the land records of the state government.
The PM-KISAN scheme has been implemented by the Ministry of Agriculture and Farmers Welfare. The government has allocated a budget of Rs.75,000 crore for the scheme for the financial year 2021-22. The scheme has been instrumental in providing financial assistance to farmers during the COVID-19 pandemic.
The PM-KISAN scheme has several benefits for farmers. It helps farmers in meeting their agricultural needs such as buying seeds, fertilizers, and pesticides. The scheme also provides financial stability to farmers, who are otherwise dependent on the income from their crops. Additionally, the scheme encourages farmers to adopt new technologies and techniques to increase their agricultural productivity.
In conclusion, the PM-KISAN scheme is a significant initiative by the government to uplift small and marginal farmers in the country. The scheme has provided financial assistance to millions of farmers, helping them in meeting their agricultural needs and increasing their income. The scheme has also been instrumental in providing financial stability to farmers during difficult times.