Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Central Government in 2019 to provide financial assistance to farmers in India. Under the scheme, eligible farmers are given a financial aid of Rs. 6,000 annually in three equal instalments of Rs. 2,000 each.
The scheme is aimed at supporting farmers by providing financial assistance to meet their farming needs and expenses. The funds provided by the scheme can be used by farmers for purchasing seeds, fertilizers, pesticides, and other inputs for farming operations. This scheme covers all the farmers who are not eligible for any other ongoing government benefit schemes.
PM-KISAN is targeted to benefit the small and marginal farmers across the country, who are unable to bear high costs of farming or lack access to formal credit. It will also help ensure the income of farmers and raise their standard of living.
To benefit from the PM-KISAN scheme, farmers must meet the eligibility criteria set by the government. To be eligible, farmers must have a valid and active bank account, and their Aadhaar card number needs to be linked to the account as well. The scheme covers only small and marginal farmers where the land holding is less than two hectares, and the benefit is available only for the first two hectares.
The application process for PM-KISAN is simple and straightforward. Farmers can apply via a self-registration portal, or they can visit the official website http://pmkisan.gov.in. Once the application process is initiated, the farmer’s details are verified by state-level authorities. Once the verification is complete, the first installment of the financial assistance is released.
The scheme has a database of eligible farmers, and it ensures that no duplicate payment is made to any beneficiary. If a farmer has more than one account, the details must be merged and updated to receive the benefit.
In conclusion, the PM-KISAN scheme is a highly significant initiative by the Government of India catering towards the welfare of the farmers. This scheme will significantly help the farmers in India to improve their livelihood, and ensure financial support for their farming operations. It is an excellent step towards improving the lives of farmers and their incomes, thereby uplifting the socio-economic status of the nation.