The Pradhan Mantri Kisan Samman Nidhi Yojna is a government initiative aimed at providing financial assistance to the small and marginal farmers of India. The scheme was launched in February 2019, and since then, it has proven to be a great success.
The main objective of the scheme is to provide financial assistance to the farmers who are struggling to make ends meet. The scheme offers a fixed income of Rs 6,000 per year to the farmers who own up to two hectares of land.
The scheme is unique in its approach as it aims to reduce the financial burden on the farmers who work tirelessly to ensure food security in the country. In the past, many farmers have lost their lives due to crop failures and financial hardships. This scheme is a great step towards ensuring that our farmers do not have to face such hardships.
The Pradhan Mantri Kisan Samman Nidhi Yojna has become a source of great relief for the farmers as it offers them a guaranteed income. The government has set aside a budget of Rs. 75,000 crore for this scheme, which will be directly transferred to the bank accounts of the farmers in three equal instalments.
To be eligible for the scheme, the farmer must be a resident of India, and the land must be in his/her name. The scheme only covers small and marginal farmers with up to two hectares of land. Additionally, farmers who have more than two hectares of land cannot benefit from the scheme.
The scheme has been well received by the farmers, and it has been instrumental in uplifting the economic condition of the farmers across India. The Pradhan Mantri Kisan Samman Nidhi Yojna is a great step towards realizing the vision of a prosperous and self-sufficient agricultural sector in India.