The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) is a government scheme launched in December 2018 with the aim of providing financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive Rs. 6000 per year in three equal installments directly into their bank accounts. The scheme is aimed at ensuring the financial stability of farmers and reducing their dependency on money lenders.
To be eligible for the PM-Kisan scheme, farmers must possess less than 2 hectares of cultivable land and have a valid Aadhaar card. The scheme covers all states and union territories of India, and around 14.5 crore farmers have benefited from it so far. The financial assistance provided under the scheme can be used by farmers for various agricultural purposes like purchasing seeds, fertilizers, and other inputs.
The PM-Kisan scheme has been widely praised for its effectiveness in providing direct financial support to farmers, especially during times of crisis like the COVID-19 pandemic. It has helped in improving the livelihoods of small and marginal farmers across the country and has played a crucial role in boosting agricultural productivity.
However, there have been some concerns raised regarding the implementation of the scheme, including issues related to the identification of eligible beneficiaries and the timely disbursement of funds. The government has been taking steps to address these issues and make the scheme more efficient and transparent.
Overall, the PM-Kisan scheme has been a significant step towards ensuring the welfare of farmers in India. It has provided much-needed financial assistance to small and marginal farmers and has the potential to bring about a positive change in the agriculture sector.