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Pradhan Mantri Kisan Samman Nidhi Yojna related query

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The Pradhan Mantri Kisan Samman Nidhi Yojna is an initiative launched by the Government of India to provide financial assistance to farmers across the country. It was announced by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, during the Union Budget speech in February 2019.

Under the scheme, farmers will receive Rs. 6,000 per year in three equal instalments of Rs. 2,000 each. The money will be deposited directly into the farmers’ bank accounts, and will be used to help them meet their agricultural needs and support their families. The scheme is aimed at providing income support to the farmers and addressing the issue of farmer distress in the country.

In order to be eligible for the scheme, farmers must own cultivable land. The scheme is applicable to farmers with landholding of up to 2 hectares. This translates to approximately 12 crore farmers across the country who will benefit from the scheme.

The government has set aside Rs. 75,000 crores for the scheme for the financial year 2019-2020. The amount will be disbursed by the Ministry of Agriculture and Farmers’ Welfare, through the State Governments and Union Territory Administrations.

There have been some queries regarding the scheme, especially regarding the application process and the amount of money that will be disbursed. The government has clarified that the scheme is completely voluntary, and farmers can apply for it by visiting their nearest Common Service Centre (CSCs). The CSCs will help the farmers register for the scheme and link their Aadhaar card with their bank account.

It is also important to note that the scheme is not a loan or a handout. It is an income support measure aimed at providing financial assistance to the farmers. The amount of money that will be disbursed will depend on the landholding of the farmer.

The Pradhan Mantri Kisan Samman Nidhi Yojna is an initiative that has been widely welcomed by the farming community across the country. It is hoped that the scheme will go a long way in addressing the issue of farmer distress and improving the economic condition of the farmers. By providing financial assistance to the farmers, the government hopes to ensure their wellbeing and the overall growth of the agriculture sector in the country.

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