As an AI language model, I can provide you with a comprehensive article on Pradhan Mantri Kisan Samman Nidhi Yojana, which is a central government’s initiative aimed at providing financial assistance to Indian farmers.
Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Indian government in February 2019 to provide financial assistance to farmers across the country. Under this scheme, eligible farmers receive a sum of Rs 6,000 every year in three installments of Rs 2,000. The scheme aims to support farmers and provide them with a steady income to meet their farming expenses.
PM-KISAN was announced in the Union Budget of 2019 by the Finance Minister of India, Nirmala Sitharaman. The scheme was launched with an aim to benefit around 14.5 crore farmers across the country. The scheme is essential as the contribution of agriculture to the Indian economy is significant, and the majority of the country’s population is dependent on agriculture for their livelihood.
The scheme aims to provide financial assistance to small and marginal farmers who have cultivable land up to 2 hectares. The beneficiaries must be registered with the PM-KISAN portal to receive the benefits of the scheme. The fund is disbursed directly to the beneficiaries’ bank accounts through direct benefit transfer mode (DBT).
The government is committed to ensuring that there is no duplication in the beneficiary list, and the scheme is available to only those farmers who are eligible. A total of Rs 75,000 crore has been allocated for the scheme in the Union Budget 2021-22.
The scheme has received immense praise from farmers across the country. The scheme has helped provide a stable income to small and marginal farmers, who are otherwise prone to debt and bankruptcy.
PM-KISAN scheme has been a game-changer in the agro-economy of India. The scheme has helped alleviate the financial burden of farmers and provided them with a continuous source of income. It has also helped in boosting agricultural growth in the country.
In conclusion, PM-KISAN scheme is a significant initiative undertaken by the Indian government to provide financial assistance to farmers across the country. It is an integral part of the government’s efforts to boost the agro-economy of the country and ensure a better quality of life for farmers. The scheme has significantly benefited thousands of small and marginal farmers across the country, and with continued support, it can help transform the agricultural landscape of India.