The Pradhanmantri Kisan Samman Nidhi Yojna is a Government of India initiative aimed at providing financial assistance to farmers across the country. Launched in February 2019, the scheme was announced in the interim budget of the Government of India, and since then it has proved to be a major relief for farmers amid the COVID-19 pandemic.
Under the scheme, farmers who hold up to two hectares of farmland are eligible to receive financial assistance of Rs 6000 annually. This assistance is paid in three equal installments of Rs 2000 each. The scheme is expected to benefit around 12 crore farmers who will receive financial assistance of Rs. 75,000 crore.
The scheme aims to address the financial distress that farmers often face due to crop failure or other difficulties. By providing them with financial assistance, the government intends to improve the livelihoods of farmers and enable them to invest in their farms and secure a better future for themselves and their families.
To be eligible for the scheme, farmers must hold a valid bank account, and their landholding details must be registered with the government. This ensures that the scheme benefits only those farmers who are genuinely in need of financial assistance.
The Pradhanmantri Kisan Samman Nidhi Yojna has been welcomed by farmers across the country. It has helped to raise their income levels and improve their standard of living, particularly in rural areas where agriculture is the primary source of income.
Overall, the Pradhanmantri Kisan Samman Nidhi Yojna is an important initiative that has provided much-needed relief to farmers across the country. The scheme demonstrates the government’s commitment to improving the lives of farmers and boosting the agricultural sector in the country.