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Pradhanmantri Kisan Samman Nidhi Yojna

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Pradhanmantri Kisan Samman Nidhi Yojana (PM-Kisan) is a scheme that was launched by the Government of India in February 2019. This scheme aims to provide financial assistance to small and marginal farmers of the country. The scheme involves the transfer of Rs. 6,000 annually in three equal instalments of Rs. 2,000 directly into the bank accounts of the farmers. The scheme has benefited around 11 crore farmers across the country.

The scheme was announced in the interim Budget of 2019, which was presented by the then Finance Minister, Piyush Goyal, in the parliament. The scheme was launched to help small and marginal farmers who are facing a financial crisis due to various factors like low yield, high input cost, and lack of access to credit. The scheme also aims to provide a guaranteed income to the farmers and, in turn, boost their livelihood and contribute to the growth of the agriculture sector in the country.

To be eligible for the scheme, the farmer must have cultivated land up to 2 hectares. This scheme is not applicable to farmers who are holding any constitutional post or are getting a monthly pension of more than Rs. 10,000. The benefit will be transferred to the bank account of the beneficiaries in a hassle-free manner.

The scheme has witnessed significant progress since its launch, and the government has also taken steps to rectify any shortcomings. The scheme has been made more accessible to the farmers, and efforts have been made to include more beneficiaries by rectifying the land records. The scheme has also enabled farmers to gain access to various government schemes and facilities.

In conclusion, the Pradhanmantri Kisan Samman Nidhi Yojana is a scheme that has provided financial assistance to small and marginal farmers across the country. The scheme has had a significant impact on the growth of the agriculture sector in the country, and it has helped in the upliftment of the farmers. The scheme has been lauded by various stakeholders and has paved the way for the development of the agriculture sector significantly.

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