The Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) was launched on 24th February 2019 by the government of India. This scheme is aimed at providing financial assistance to poor and marginalized farmers across the country. The scheme is a part of the government’s commitment to doubling farmers’ income by 2022.
Under the scheme, eligible farmers receive Rs 6,000 per year in three instalments of Rs 2,000 each directly into their bank accounts. The scheme covers all farmers who own less than two hectares of land. The amount is transferred directly to the bank account of the farmers through Direct Benefit Transfer (DBT) mode. It is important to note that the scheme is applicable only for small and marginal farmers and not for the big farmers as they are expected to earn enough from farming.
The scheme is expected to benefit around 12 crore farmers across the country. The government has allocated an amount of Rs 75,000 crore for the scheme for the financial year 2020-21. The amount is expected to be a great relief for small farmers who are struggling with various problems like crop damage due to pests, drought, and other natural disasters.
The PM-KISAN scheme has been praised by many as it has the potential to bring about a significant change in the lives of farmers. It has been seen as a game-changer in the agriculture sector of the country. The scheme will not only provide much-needed financial assistance to the farmers but also help in boosting the rural economy.
The farmers can check the status of their payment on the official PM-KISAN website by entering their Aadhaar number, bank account number, or mobile number. The scheme has been implemented by the Department of Agriculture, Cooperation & Farmers’ Welfare (DAC&FW) under the Ministry of Agriculture & Farmers’ Welfare.
In conclusion, the PM-KISAN scheme is a great initiative by the government to help small and marginal farmers with their financial needs. It will not only provide economic support to the farmers but also help in reducing the rural-urban migration. This scheme is expected to bring about a significant change in the lives of farmers and boost the agriculture sector of the country.