Pradhan Mantri Kisan Samman Nidhi Yojna or PM-Kisan Yojana is a central government scheme designed and implemented for the welfare of farmers in India. The scheme aims to provide financial assistance to small and marginal farmers by providing them with a fixed amount of Rs. 6,000 per annum as direct income support.
The PM-Kisan Yojana is one of the major initiatives taken by the Indian government to ensure the economic well-being of farmers. The scheme provides financial assistance to farmers who hold cultivable land under their name. The scheme also offers a range of benefits to farmers, including timely funding for agricultural activities, improved agricultural infrastructure and access to modern tools and technologies.
As per the scheme’s guidelines, small and marginal farmers holding up to five acres of land are eligible to receive the financial assistance under this scheme. The government has earmarked a budget of around Rs. 75,000 crore per annum to provide direct income support to farmers across the country.
To ensure that the benefits of the scheme reach all eligible farmers, the government has put in place a robust framework for implementing the scheme. Farmers can apply for the scheme through the PM-Kisan web portal or by visiting any of the Common Service Centers (CSCs) located across the country. The scheme is operated and managed by the Ministry of Agriculture and Farmers’ Welfare.
Apart from providing direct financial assistance to farmers, the scheme also has several other objectives. The scheme aims to promote environmental sustainability by promoting the adoption of sustainable agricultural practices. The scheme also aims to provide support to farmers during the crop cycle’s toughest phase to prevent farmers from falling into the debt trap and reduce the financial burden.
To sum up, the PM-Kisan Yojana is one of the crucial initiatives by the Indian government to alleviate the financial burden faced by farmers. The scheme has already helped millions of farmers across the country by providing them with timely financial assistance. The scheme plays a critical role in improving the farmers’ economic well-being and promoting the sustainable development of agriculture in India.