The Pradhan Mantri Kisan Samman Nidhi Yojna is a scheme launched by the Government of India to extend financial assistance to farmers across the country. The scheme was launched in February 2019 and is a flagship programme of the government. The scheme is part of the efforts of the government to double the income of farmers by 2022.
Under the scheme, eligible farmers are provided financial support of Rs. 6,000 per annum in three equal installments. The first installment is credited between December and March, the second installment between April and July, and the third installment between August and November. The scheme is targeted at small and marginal farmers with landholding of up to 2 hectares.
The objective of the scheme is to provide financial assistance to farmers to support their agricultural activities and ensure their financial well-being. The scheme aims to provide financial security to farmers and improve their income by encouraging them to invest in their agriculture activities.
The Pradhan Mantri Kisan Samman Nidhi Yojna is funded by the government and there is no contribution required from the beneficiaries. The government has allocated a budget of Rs. 75,000 crore for the implementation of the scheme in the financial year 2021-22.
The scheme has been received positively by farmers across the country. The scheme has provided financial assistance to farmers and has helped them in meeting their agricultural expenses. The scheme has also helped in reducing the burden of debt on farmers and has improved their financial condition.
The scheme has also benefited the agriculture sector as farmers are now investing more in their agricultural activities. The scheme has helped in increasing agricultural productivity and has also helped in the growth of the agricultural sector.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojna is a great initiative by the government to support farmers and ensure their financial well-being. The scheme has provided financial assistance to farmers and has improved their income. The scheme has also helped in the growth of the agricultural sector in India.