Pradhan Mantri Kisan Samman Nidhi Yojana, also called PM-Kisan Yojana, is an initiative by the Indian Government to support farmers in the country. The scheme was launched in February 2019 and is aimed at providing financial assistance to farmers for their agricultural needs. The scheme is open to all farmers, irrespective of the size of their landholding.
Under the PM-Kisan Yojana, eligible farmers get a cash benefit of Rs. 6,000 per year directly in their bank accounts. The scheme provides the money in three tranches of Rs. 2,000 each. The first installment is given in April-July, the second installment in August-November, and the third installment in December-March. The scheme is completely funded by the Central Government and aims to benefit over 9 crore farmers in India.
To be eligible for the PM-Kisan Yojana, a farmer must have a cultivable landholding of up to two hectares. The scheme also covers landless farmers and sharecroppers who do not have the title of the land, subject to certain conditions. Farmers who have filed income tax returns in the last assessment year are not eligible for the scheme. The scheme is applicable across the country and is not limited to any particular state.
The PM-Kisan Yojana is a significant step in improving the lives of farmers in India and ensuring that they get the financial support they need to cultivate their land. The scheme aims to provide income support to farmers, which can help them with their agricultural expenses such as seeds, fertilizers, pesticides, and other inputs. The direct transfer of funds to their bank accounts ensures that there is no middleman involved and that the money reaches the intended beneficiaries.
In conclusion, the PM-Kisan Yojana is an important scheme launched by the Indian Government to provide financial assistance to farmers. The scheme has helped millions of farmers across the country and has encouraged them to invest in agriculture. It is a great initiative, and with its continuous implementation, the government aims to improve the socio-economic conditions of farmers in India.