Pradhanmantri Kisan Samman Nidhi Yojana (PM-Kisan) is a government scheme aimed at providing financial assistance to farmers across India. Launched by Prime Minister Narendra Modi in February 2019, the scheme aims to support small and marginal farmers who have less than 2 hectares of land.
Under the PM-Kisan scheme, eligible farmers receive direct income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each. The funds are transferred directly to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT) mode. This assistance is provided to help farmers meet their financial needs and ensure they have a steady income to support their agricultural activities.
To be eligible for the PM-Kisan scheme, farmers must meet certain criteria such as owning less than 2 hectares of agricultural land, being a resident of India, and not falling under the category of institutional landholders. The scheme aims to benefit over 12 crore small and marginal farmers in the country.
The PM-Kisan scheme has brought significant relief to farmers who often face financial challenges due to factors such as unpredictable weather conditions, fluctuating crop prices, and lack of access to credit. By providing direct income support, the government aims to improve the economic condition of farmers and reduce their dependency on debt.
In addition to the financial assistance provided under the PM-Kisan scheme, the government also offers various other initiatives to promote agriculture and support farmers, such as soil health card scheme, crop insurance, and agricultural marketing reforms.
Overall, the Pradhanmantri Kisan Samman Nidhi Yojana is a significant step towards ensuring the welfare and prosperity of farmers in India. By providing direct income support, the scheme aims to empower farmers and enable them to lead a better quality of life.