Pradhan Mantri Kisan Samman Nidhi Yojana is an initiative launched by the Government of India to provide financial assistance to small and marginal farmers across the country. The scheme was launched on 1st February 2019, and its objective is to provide financial aid to farmers who have small land holdings and are in need of support.
Under this scheme, eligible farmers will receive a fixed amount of INR 6000 per year, which is deposited in their bank accounts in three installments of INR 2000 each. The scheme covers families or households who have cultivable land up to an area of 2 hectares. The scheme also allows for the inclusion of the farmer’s spouse and children under the age of 18 years as beneficiaries.
The scheme aims to provide financial stability to farmers and encourage them to take up agriculture as a viable means of livelihood. It will help in the upliftment of rural areas by increasing the purchasing power of farmers, which in turn, will give a boost to the local economy.
The government has allocated a budget of INR 87000 crore for this scheme, and it is expected to benefit around 14 crore farmers across the country. The scheme is implemented by the Ministry of Agriculture and Farmers’ Welfare and is monitored at the state and district levels.
To be eligible for the scheme, farmers must have an operational bank account, Aadhaar Card, and proof of land holding. Furthermore, the beneficiary list is to be prepared by the State Governments and Union Territory Administration every year and uploaded onto the PM Kisan Portal.
In conclusion, Pradhan Mantri Kisan Samman Nidhi Yojana is a noble initiative launched by the government to help farmers who are facing financial difficulties. The scheme not only provides financial assistance to farmers but also encourages them to take up agriculture as a viable career option. The government’s focus on rural development is commendable, and with schemes like these, we can hope for a better future for our farmers.