Prime Minister Kisan Sanman Nidhi Yojana, also known as PM-KISAN, is a scheme launched by the Government of India to provide financial assistance to small and marginal farmers. The idea behind the scheme is to mitigate the financial distress faced by farmers owing to various factors such as natural calamities, pest attacks, or any other environmental impacts that result in crop loss.
Initially, the scheme had a flat subsidy of Rs. 6,000 per annum payable in three installments annually to the beneficiary farmer’s registered bank account. Subsequently, the scheme was extended to provide beneficiaries with additional income in an effort to boost their earnings.
As of now, the scheme is open to all farmers, irrespective of their landholding size, on the condition that they have a valid Aadhaar number and an operational bank account registered under their name. This arrangement ensures that the benefit of the scheme is extended to more farmers, including landless farmers who share crops.
The benefits of the scheme have not gone unnoticed. Farmers registered under the scheme have expressed their gratitude towards the Government for providing them with the financial assistance they so desperately needed. This cash infusion has helped many farmers in the country pay off their debts, purchase farm equipment, or invest in new crops.
In addition to the financial assistance extended to farmers, the government has also introduced a health insurance scheme known as PM Kisan Maan Dhan Yojana, aimed at supporting farmers above 60 years of age. Under this new scheme, eligible farmers are entitled to receive a pension of Rs. 3,000 per month, at a minimal cost, thus ensuring that the farmers have financial security even in their old age.
In conclusion, the Prime Minister Kisan Sanman Nidhi Yojana is a welcome initiative launched by the Government of India to address the widespread financial distress faced by farmers in the country. With the implementation of this scheme, small and marginal farmers have received the much-needed financial assistance required to sustain their livelihoods. The scheme, coupled with the PM Kisan Maan Dhan Yojana, goes a long way in providing security to farmers in their old age and ensuring their long-term financial stability. Ultimately, the success of this scheme is a testament to the government’s commitment to ensuring a better life for farmers in the country.