Pradhan Mantri Kisan Samman Nidhi Yojana is a government scheme that aims to take care of small and marginal farmers’ needs financially. It was launched in 2019 by the Government of India with the objective of providing monetary assistance to farmers.
The scheme offers income support to farmers who have cultivable land up to two hectares. It ensures that small and marginal farmers get a minimum income per year of Rs 6000. The amount is credited to the bank accounts of farmers in three installments of Rs 2000.
The primary objective of the scheme is to provide direct financial assistance to farmers who are in need. The money can be used for various purposes such as investing in their farms, buying seeds, fertilizers, pesticides, and other inputs.
The scheme has been successful in providing relief to the farmers who are struggling due to various reasons, such as natural calamities, increasing cost of inputs, and low prices for their produce. It acts as a safety net for small and marginal farmers and helps them to focus on their farming activities.
As of now, more than 11 crore farmers have been registered under the scheme, and a total of Rs 1,15,511 crore has been disbursed. The scheme has helped in increasing the income of small and marginal farmers, and it has also contributed to rural development.
Many states have also launched their own version of the scheme, such as KALIA in Odisha, Rythu Bandhu in Telangana, Krushak Assistance for Livelihood and Income Augmentation (KALIA) in Andhra Pradesh, and Prerna in Jharkhand.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana has been a significant step towards ensuring the welfare of small and marginal farmers. The scheme has helped to alleviate the financial burden of farmers and has contributed towards the overall development of rural India. The scheme needs to be implemented effectively to ensure that the benefits reach the targeted beneficiaries, and the farmers are empowered to enhance their livelihood.