Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is a scheme launched by the Government of India in 2019 for the benefit of farmers across the country. The primary objective of the scheme is to provide financial assistance to small and marginal farmers in India.
Under this scheme, eligible farmers receive a direct cash transfer of Rs. 6,000 annually in their accounts. This money helps farmers in purchasing seeds, fertilizers, and other essential inputs required for farming. This financial support is transferable in three equal installments of Rs. 2,000 each directly to the farmers’ bank accounts in a year.
To be eligible for the PM-KISAN scheme, farmers must own less than 2 hectares of land. In addition, the scheme is available only to farmers who are not paying income tax. The scheme aims to benefit over 12 crore farmers across the country and has a budgetary allocation of over Rs. 75,000 crores per year.
The PM-KISAN scheme is implemented by the Ministry of Agriculture and Farmers’ Welfare. To receive the benefits under this scheme, farmers need to apply online through the designated scheme website or at the nearest agriculture office. The applications go through a verification process to check the applicant’s eligibility, and after the approval, the farmer is eligible to receive the benefits under the scheme.
The PM-KISAN scheme has been successful in providing direct financial assistance to farmers and boosting their agricultural activities. The scheme has also helped in increasing the income of small and marginal farmers, which, in turn, has helped in reducing poverty and improving their overall standard of living.
In conclusion, the PM-KISAN scheme is a commendable effort by the Government of India towards the betterment of farmers’ lives in India. By providing direct financial assistance, the scheme aims to increase agricultural productivity and benefit farmers across the country. With its continued success, the PM-KISAN scheme is likely to emerge as a game-changer for Indian farmers.