As a language AI model, I cannot provide you my subjective response but here’s an article on PM Kisan Samman Nidhi Yojana:
PM Kisan Samman Nidhi Yojana is a Central Government scheme in India launched on 24 February 2019 to help farmers financially. The scheme provides a financial assistance of Rs. 6000 per annum to small and marginal farmers with landholding up to 2 hectares. The objective of the scheme is to increase the income of farmers by providing them with financial support to meet their agricultural needs.
Under this scheme, the financial assistance is transferred directly into the bank accounts of the beneficiaries through the Direct Benefit Transfer (DBT) mode. The scheme aims to provide direct income support to farmers to supplement their financial needs for cultivation and other expenses related to farming.
The scheme has been implemented on a pilot basis since December 2018 in some of the states and union territories in India. The scheme covers all the states and union territories now. The scheme has been an excellent success and has benefited a large number of farmers in the country.
The eligibility criteria for the scheme are as follows:
• The farmer must be a citizen of India.
• The farmer must have a cultivable landholding of up to 2 hectares.
• The farmer must have a valid Aadhaar card.
• The farmer’s bank account should be linked to the Aadhaar card.
• The farmer should not be a retired pensioner.
Under the scheme, the beneficiary farmers receive Rs. 2000 each in three installments of four months interval. The first tranche is distributed in between April-July, the second in between August-November and the third in between December-March. The funds received by farmers can help them meet their agricultural expenses like purchasing seeds, fertilizers, and other inputs, paying off farm loans or paying expenses related to farming activities.
In conclusion, PM Kisan Samman Nidhi Yojana has been a major step towards improving the overall socio-economic status of farmers in India. The scheme has been immensely beneficial and has helped solve problems related to financial constraints of small and marginal farmers. By focusing on the needs of farmers, the scheme has become an essential aspect of the Indian agriculture sector.