Pradhan Mantri Kisan Samman Nidhi Yojana, commonly known as PM-Kisan, is an initiative launched by the government of India to provide financial assistance to the farmers across the country. The scheme was launched in February 2019 and is aimed at improving the financial condition of farmers by providing them with an income support of Rs. 6,000 per year.
Under the scheme, farmers who own up to 2 hectares of land are eligible to receive the financial assistance. The amount is paid in three installments of Rs. 2,000 each, directly into the bank account of the beneficiaries. The scheme is easy to avail and requires minimal documentation.
The scheme has been implemented by the Ministry of Agriculture and Farmers Welfare and is being monitored by the Department of Agriculture, Cooperation, and Farmers Welfare. The government of India has allocated around Rs. 75,000 crores for the scheme. The scheme is expected to benefit around 14 crore farmers in the country.
PM-Kisan is a significant step towards the welfare of farmers in India. It aims to provide relief to the farmers who are struggling with financial problems and who are not able to meet their basic needs. The scheme is expected to result in an increase in the income of farmers, which will lead to a rise in their standard of living.
Moreover, the scheme is expected to improve the agricultural sector as well. The farmers will be able to invest in better equipment, technology, and other resources, which will lead to an increase in the production and productivity of crops. The scheme will also encourage more people to take up farming, which will help in increasing agricultural production in the country.
In conclusion, Pradhan Mantri Kisan Samman Nidhi Yojana is a much-needed step towards the welfare of farmers in India. It is a significant initiative taken by the government to improve the financial condition of farmers and boost the agricultural sector. With the implementation of this scheme, the government aims to ensure that every farmer in India receives financial support and becomes self-reliant. The scheme is a step towards building a better and stronger India.