The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a revolutionary initiative by the Government of India aimed at supporting small and marginal farmers financially. Launched in February 2019, this scheme provides direct income support to farmers across the country.
Background:
A vast majority of the Indian population relies on agriculture for their livelihood. However, farmers often face numerous challenges such as unpredictable weather conditions, market volatility, and lack of financial stability. Recognizing the importance of the agricultural sector and the need to uplift farmers, the PM-KISAN scheme was introduced.
Objectives:
The primary objective of the PM-KISAN scheme is to supplement the financial needs of farmers, enable them to meet input costs, and ensure a stable income. The government aims to support farmers in their journey towards enhancing productivity and improving their standard of living.
Features:
Under the PM-KISAN scheme, small and marginal farmers with cultivable land up to two hectares are eligible to receive direct income support of Rs 6,000 per year. This amount is transferred directly to the farmers’ bank accounts in three equal installments of Rs 2,000.
To ensure seamless distribution of benefits, the scheme incorporates an Aadhaar-based identification system. The government has also established a comprehensive database that enables accurate targeting and direct transfer of funds. By eliminating intermediaries, this initiative ensures that the benefits directly reach the intended beneficiaries.
Implementation:
The PM-KISAN scheme is being implemented by the Ministry of Agriculture and Farmers Welfare. State and Union Territory governments play a vital role in facilitating the registration process, reviewing beneficiaries’ details, and ensuring smooth fund transfer.
Beneficiaries are required to apply through the designated online portal or visit nearby Common Service Centers (CSCs). The verified applicants’ records are uploaded to the PM-KISAN portal for final verification by state governments. Once approved, the beneficiary’s Aadhaar-linked bank account receives the scheme benefits.
Impact:
Since its launch, the PM-KISAN scheme has had a significant impact on the lives of farmers. The direct income support has provided relief to farmers’ financial burdens, enabling them to invest in inputs, purchase modern machinery, improve irrigation infrastructure, and expand their agricultural activities.
The scheme has also proved beneficial in reducing farmers’ dependency on informal credit sources and loan sharks. By strengthening their financial stability, farmers are better positioned to withstand unforeseen adversities and focus on sustainable agriculture practices.
Conclusion:
The Pradhan Mantri Kisan Samman Nidhi Yojana has emerged as a game-changer in the agricultural sector, providing timely and direct income support to small and marginal farmers. With its effective implementation, the scheme has succeeded in improving farmers’ lives, empowering them to take steps towards productivity enhancement and self-sufficiency. As the government continues to expand the reach and impact of the PM-KISAN scheme, it holds the potential to revolutionize the agricultural landscape of India and uplift the farming community.