The Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is an initiative by the government of India to provide financial aid to small and marginal farmers in the country. The scheme was announced in the Union Budget of 2019 and was implemented with immediate effect.
Under the PM-KISAN scheme, eligible farmers receive a direct transfer of Rs. 6,000 per year in their bank accounts. The scheme is aimed at addressing the economic distress faced by farmers due to fluctuating prices and uncertain yields. It is estimated that the scheme will benefit around 12 crore farmers in the country.
To be eligible for the scheme, farmers should have cultivable land up to two hectares and should be registered under the Pradhan Mantri Fasal Bima Yojna or State Farmers Welfare Scheme. The funds are transferred to the bank account of the beneficiary farmer through a centralized system. The scheme is completely digital, and beneficiaries have to provide their Aadhaar number and bank account details to receive the funds.
The PM-KISAN scheme has been implemented successfully, and the government has taken several measures to ensure that farmers’ registration is smooth and hassle-free. The scheme has also been audited at the district level to ensure that the funds are reaching the correct beneficiaries.
The PM-KISAN scheme has received a positive response from farmers across the country, and it has been successful in providing the much-needed financial support to the farmers. It is a step towards making agriculture more sustainable and profitable for farmers.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojna is a much-needed initiative that provides direct financial assistance to small and marginal farmers in the country. The scheme has been successful in providing financial relief to farmers and has the potential to make a significant impact on the lives of millions of farmers.