The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Scheme was launched by the Indian government in February 2019 with the aim of providing financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive ₹6,000 per year in three equal installments directly into their bank accounts.
The PM-Kisan scheme has been hailed as a beneficial support system for farmers, especially during times of economic distress and uncertainty. The direct transfer of funds into the bank accounts of farmers helps in ensuring that they have a steady income to rely on for their agricultural activities.
Since its inception, the PM-Kisan scheme has benefitted millions of farmers across the country. The government has also made efforts to expand the reach of the scheme by identifying and enrolling eligible farmers who were previously not covered.
In addition to providing financial assistance, the PM-Kisan scheme also aims at boosting agricultural productivity and income of farmers. The funds received under the scheme can be utilized by farmers for various purposes such as purchasing seeds, fertilizers, and other inputs, as well as for meeting other farming expenses.
Despite its many benefits, the PM-Kisan scheme has faced some challenges and criticisms. There have been reports of irregularities in the disbursement of funds, with some farmers not receiving their payments on time. There have also been concerns raised about the exclusion of certain categories of farmers from the scheme.
Efforts are being made to address these issues and ensure that the PM-Kisan scheme functions effectively and reaches its intended beneficiaries. The government has been working on improving the implementation process and streamlining the disbursement of funds to farmers.
Overall, the PM-Kisan scheme has emerged as a significant initiative to support farmers and improve their livelihoods. With proper monitoring and evaluation, the scheme has the potential to make a real impact on the lives of millions of farmers in India.