Pradhan Mantri Kisan Samman Nidhi Yojana, also known as PM-KISAN, is a government scheme launched on 1 February 2019 to benefit small and marginal farmers of India. The scheme provides a financial assistance of Rs. 6,000 per year to small and marginal farmers who have cultivable land of up to 2 hectares.
The main objective of this scheme is to provide a safety net for the farmers, who are the backbone of the country’s economy. The government aims to increase the income of farmers and provide them with financial stability.
To get benefits under PM-KISAN, farmers can register themselves at the nearest common service center or online. The eligible farmers will get a financial assistance of Rs. 6,000 per annum. This amount is paid in three equal installments of Rs. 2,000 each every four months directly to the beneficiary’s bank account linked to their Aadhaar number.
The scheme is funded by the central government and is implemented by the Ministry of Agriculture and Farmers Welfare. The government has allocated a budget of Rs. 75,000 crore for the implementation of this scheme.
The scheme has been widely appreciated by farmers across the country. It has started to make a positive impact on the lives of farmers by providing them with the much-needed financial support. Additionally, the scheme has helped to bring transparency in the transfer of benefits to farmers.
In conclusion, Pradhan Mantri Kisan Samman Nidhi Yojana is an important scheme for the development of the agriculture sector in India. The scheme has been implemented keeping in mind the welfare of small and marginal farmers. It provides them with a basic income support that will help them to sustain their livelihood and invest in improving farm productivity. This scheme is another step towards achieving the goal of doubling farmers’ income by 2022.