The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was launched by the Government of India in December 2018 with the aim of providing financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive an income support of Rs. 6,000 per year in three equal installments.
Recently, the 15th installment of the PM-KISAN scheme has been released by the government. This installment will benefit over 9 crore farmers across the country. The total amount disbursed in this installment is over Rs. 18,000 crore, highlighting the government’s commitment to supporting farmers and improving their livelihoods.
The PM-KISAN scheme has been instrumental in providing much-needed financial assistance to farmers, especially during challenging times like the COVID-19 pandemic. The scheme has been particularly beneficial for small and marginal farmers who often struggle to make ends meet due to various challenges such as limited access to credit, high input costs, and fluctuations in market prices.
In addition to providing direct income support to farmers, the PM-KISAN scheme also aims to boost rural consumption and stimulate economic growth in rural areas. By putting money directly into the hands of farmers, the scheme is helping to create a multiplier effect, benefiting various sectors of the economy.
The government has been actively working to expand the coverage of the PM-KISAN scheme and ensure that all eligible farmers receive the benefit. Efforts are also being made to streamline the implementation process and address any issues or challenges that may arise.
Overall, the 15th installment of the PM-KISAN scheme is another step towards fulfilling the government’s commitment to the welfare of farmers. By providing timely financial assistance and support, the scheme is helping to improve the lives of millions of farmers across the country.