Pradhan Mantri Kisan Samman Nidhi Yojana, also known as PM-KISAN, is a scheme launched by the Central Government of India to provide financial assistance to the farmers in the country. The scheme was launched in February 2019, and its objective is to supplement the income of the farmers and ensure their welfare.
The scheme provides an income support of Rs.6,000 per year to the land-owning farmers in the country. The amount is paid in three instalments of Rs.2,000 each, during the year. The first instalment is credited from 1st April to 31st July; the second instalment is credited from 1st August to 30th November, and the third one is credited from 1st December to 31st March.
To be eligible for the scheme, the farmers must be:
1. Landowners: Only those farmers who possess cultivable land are eligible for the scheme.
2. Size of Landholding: The scheme is applicable to small and marginal farmers who own up to 2 hectares of land.
3. Age Limit: All farmers between the age of 18 to 40 years are eligible for the scheme.
4. Bank Account: The farmers must have a bank account to receive the benefits.
The scheme has already benefitted millions of farmers across the country. The government has released over Rs.75,000 crores under the PM-KISAN scheme, and it has been instrumental in supplementing the income of the farmers.
The scheme has several benefits, which include:
1. Financial Assistance: The scheme provides financial assistance to the farmers, which help them to meet their daily needs and improve their standard of living.
2. Improving Agricultural Activities: The scheme helps farmers to invest in seeds, fertilisers, and equipment, which improves the quality and quantity of the crops.
3. Reducing Indebtedness: The scheme helps to reduce the indebtedness of the farmers, which is a major issue faced by them.
In conclusion, the PM-KISAN scheme has been a significant boon for the farmers, and it has helped to address some of their long-standing issues. The scheme provides great support to the farmers and has been instrumental in bringing a positive impact on their lives.