Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is a government scheme launched in 2019 with the aim of providing financial assistance to small and marginal farmers across the country.
Under this scheme, eligible farmers receive Rs. 6,000 per annum in three equal installments of Rs. 2,000 each directly into their bank accounts. The scheme is implemented by the Department of Agriculture, Cooperation and Farmers Welfare (DACFW) and is funded entirely by the Central Government.
The PM-KISAN scheme is a significant step towards ensuring the welfare of farmers who constitute a significant portion of the Indian population. The primary objective of the scheme is to alleviate the financial burden on farmers and ensure that they have a stable income source to support their agricultural needs.
To be eligible for this scheme, farmers must own cultivable land up to 2 hectares and have a valid Aadhaar card. The scheme has seen widespread success in various states across India, with an estimated 11.5 crore farmers benefiting from it.
The PM-KISAN scheme has been received positively by farmers and the agricultural community, as it provides a significant boost to their income and helps them meet their financial requirements. The scheme also helps in reducing the dependency of farmers on moneylenders and middlemen, which is a significant issue in rural areas.
The scheme has also been instrumental in promoting technological advancements in the agricultural sector and promoting the use of digital platforms for transferring funds. The government has made efforts to make the process of registering for the scheme hassle-free by providing various registration centers across the country.
In conclusion, the PM-KISAN scheme has played a crucial role in ensuring the welfare of small and marginal farmers across the country. The scheme has helped in alleviating their financial burden and promoting the growth of the agricultural sector in India. It will be interesting to see the impact of the scheme on the agricultural sector in the long term.