The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Government of India in 2019. It is meant to provide income support to farmers across the country. The scheme provides a direct cash transfer of Rs. 6,000 per year to eligible farmers. This amount is paid in three installments of Rs. 2,000 each.
The PM-KISAN scheme aims to benefit around 14 crore farmers across the country. It is expected to provide a financial cushion to farmers who often face the brunt of unpredictable weather conditions, pests and diseases, and market fluctuations.
Under the PM-KISAN scheme, farmers holding land up to 2 hectares are eligible to receive the benefits. The scheme is applicable to farmers who are not part of any other welfare schemes such as the National Social Assistance Programme (NSAP), the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), or any other pension scheme.
To avail the benefits of the scheme, eligible farmers need to get themselves registered with their respective state government portals. Once registered, farmers can check their application status by using their registered mobile number, aadhar card number or bank account details. The payment of the cash transfer is made directly into the bank accounts of the eligible farmers.
The PM-KISAN scheme has been praised for its potential to uplift the rural economy and provide financial support to farmers in need. It has also received criticism for its limited scope and for excluding certain categories of farmers. However, the scheme has been instrumental in bringing the focus back to the farmers and their concerns.
Overall, the Pradhan Mantri Kisan Samman Nidhi Yojana is an important scheme in addressing the challenges faced by farmers in India. By providing them with much-needed financial support, the scheme aims to make farming a sustainable and profitable profession. This, in turn, has the potential to uplift the rural economy and improve the lives of millions of people.