The PM Kisan Samman Nidhi Yojana is an ambitious scheme launched by the Government of India in 2019 to provide financial support to small and marginal farmers across India. Under this scheme, eligible beneficiaries receive a fixed amount of Rs. 6,000 per year in three installments of Rs. 2,000 each. The scheme aims to provide immediate relief to farmers suffering from financial distress and to support their income needs.
The scheme was launched in February 2019, and the first installment was disbursed to eligible farmers in February-March 2019. As of June 2022, the scheme has already covered more than 12 crore farmers across the country. The total financial outlay for the scheme is Rs. 75,000 crore per year.
One of the most significant features of the PM Kisan Samman Nidhi Yojana is its online registration process, which has made it convenient for farmers to enroll in the scheme. Farmers can visit the official website and register themselves by providing their Aadhar number and bank account details. The scheme is implemented by the Ministry of Agriculture and Farmers’ Welfare.
Since its launch, the scheme has received positive support from farmers and agricultural experts across the country. The scheme’s direct benefit transfer system has ensured that the money reaches the beneficiaries’ bank accounts directly, reducing the possibility of corruption and middlemen exploitation.
The PM Kisan Samman Nidhi Yojana has also contributed significantly to the government’s efforts to double farmers’ income by 2022. The scheme has helped improve farmers’ income and their purchasing power, which, in turn, has boosted the demand for agriculture goods and services.
In addition to the financial assistance, the scheme has also provided farmers with access to various government schemes, including crop insurance and soil health cards. The scheme has also encouraged farmers to take up various agro-based activities and promote indigenous agriculture. This, in turn, has led to an increase in crop diversity and improved soil health.
In conclusion, the PM Kisan Samman Nidhi Yojana has been a significant game-changer in the agriculture sector by providing financial support to small and marginal farmers and contributing to the government’s efforts of doubling farmers’ income. The scheme has already benefited millions of farmers, and its continued implementation is essential to improve the agriculture sector’s overall productivity and growth.