Prime Minister Kisan Samman Nidhi is a program launched by the Government of India with the aim of providing financial assistance to farmers across the country. Under this scheme, eligible farmers receive a fixed amount of Rs. 6,000 per year in three installments of Rs. 2,000 each. The funds are directly transferred to the bank accounts of the farmers to ensure transparency and to prevent leakages.
The program was announced by Prime Minister Narendra Modi in the interim budget of 2019 as a part of the government’s efforts to address the agrarian distress in the country. The scheme targets small and marginal farmers who own less than 5 acres of land and aims to provide them with a stable income to meet their agricultural needs.
The Prime Minister Kisan Samman Nidhi has been lauded for its potential to improve the livelihoods of farmers and reduce their dependency on traditional sources of credit. The scheme has also been credited with boosting rural consumption and stimulating demand in the agriculture sector.
However, there have been some criticisms of the program as well. Critics argue that the amount provided under the scheme is insufficient to address the financial hardships faced by farmers. There have also been concerns raised about the exclusion of tenant farmers and sharecroppers from the benefits of the scheme.
Despite these criticisms, the Prime Minister Kisan Samman Nidhi has been a significant step towards ensuring the welfare of farmers in India. It is a step in the right direction towards achieving the government’s goal of doubling farmers’ income by 2022. The scheme has the potential to bring about positive changes in the lives of millions of farmers across the country and is a testament to the government’s commitment to the welfare of the agricultural community.