As a language model AI, I don’t have real-time data on the Pradhanmantri Kisan Samman Nidhi Yojana fund status as it is subject to change. However, I can provide details about the scheme and its past updates.
The Pradhanmantri Kisan Samman Nidhi Yojana (PM-KISAN) was launched in February 2019 by the Central Government of India. Its primary objective is to provide financial assistance to small and marginal farmers in the country.
Under the scheme, eligible farmers receive financial assistance of Rs. 6,000 per annum in three equal instalments directly in their bank accounts. The scheme aims to provide timely and consistent support to farmers for their agricultural needs and help them in reducing their dependency on moneylenders and other informal sources of credit.
Initially, the scheme was introduced for the benefit of farmers holding less than two hectares of land. In June 2019, the government expanded its coverage to all farmers in the country regardless of the size of their landholding.
Since the launch of the scheme, the government has disbursed over Rs. 1,16,000 crore to more than 9.7 crore farmers across the country. The funds provided under the scheme have enabled farmers to invest in their land, buy seeds, fertilisers and other inputs needed for cultivation and improve their agricultural productivity.
The scheme has gained immense popularity among farmers and has played a significant role in enhancing their economic well-being. It has also helped in improving the agriculture sector’s growth, which is the backbone of the Indian economy.
The government has been gradually increasing the allocation towards the scheme since its launch. In the Union Budget 2021-22, the government allocated Rs. 65,000 crore towards the PM-KISAN scheme, which is an increase of Rs. 10,000 crore from the previous year.
In conclusion, the Pradhanmantri Kisan Samman Nidhi Yojana has been successful in providing financial assistance to farmers across the country and has helped in improving their economic condition. The government’s continued support towards the scheme has brought a positive change in the lives of farmers, and it is expected to continue to do so in the future.