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Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is a scheme initiated by the Government of India for the welfare of the Indian farmers. It was launched on 24th February 2019 by Prime Minister Narendra Modi to provide financial assistance to small and marginal farmers across the country.
PM-KISAN aims to support the farmers financially to manage their expenses in agriculture and allied activities such as buying of seeds, fertilizers, pesticides, irrigation, etc. It also provides support in case of death or disability of farmers.
Under this scheme, eligible farmers will receive assistance of Rs. 6000 per year in three installments directly transferred into their bank accounts. This is done to ensure the transparency and efficient delivery of benefits to the intended beneficiaries.
To be eligible for PM-KISAN, a farmer should possess cultivable land, and the ownership or pattadar passbook should be in his/her name. The scheme also extends to the landless farmers who are working as laborers.
The Pradhan Mantri Kisan Samman Nidhi Yojna is expected to benefit around 145 million farmers across the country, providing them with a much-needed financial cushion for their daily expenses.
The scheme helps to elevate the socio-economic conditions of farmers and their families. It is also expected to improve the standard of living in rural areas, as farmers now have the additional funds to invest in their agricultural activities and other livelihood opportunities.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojna is a progressive initiative by the Government of India to support farmers financially. The scheme provides them with a significant financial boost to manage their farming and allied activities. It is a significant step towards strengthening the agricultural sector and improving the livelihoods of farmers in the country.