The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is an initiative of the Indian government that aims to provide financial assistance to the farmers of the country. The scheme was launched in February 2019 and is being implemented by the Ministry of Agriculture and Farmers’ Welfare.
Under the PM-KISAN scheme, each farmer is eligible to receive Rs 6,000 per annum in three equal installments of Rs 2,000 each. The scheme is applicable to all small and marginal farmers who own less than two hectares (five acres) of land. The amount is directly credited to the bank accounts of the eligible farmers.
The primary objective of the scheme is to provide direct income support to the farmers to enable them to take care of their farming expenses and to help them lead a dignified life. The funds can be used by farmers to buy seeds, fertilizers, and other inputs for their farming activities, pay for labor, or cover their operational expenses.
To avail the benefits of PM-KISAN, farmers are required to register on the PM-KISAN portal or at the nearest Common Service Center (CSC). The registration process is free of cost and includes the submission of necessary documents such as Aadhaar card, land documents, and bank account details.
The scheme has been hailed as a landmark initiative for the welfare of farmers and has been welcomed by various stakeholders in the agriculture sector. The scheme has also brought about some positive changes in the agriculture sector by introducing transparency in terms of registration and disbursement of funds.
The Indian government has allocated a substantial budget for the implementation of the scheme and has set a target of covering 14 crore farmers under the scheme. The scheme is expected to provide a much-needed boost to the agricultural sector of the country and help in achieving the goal of doubling farmers’ income by 2022.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana is a revolutionary scheme aimed at providing financial assistance to small and marginal farmers across the country. The scheme has the potential to bring about socio-economic change in rural India and empower farmers by giving them the necessary resources to lead a better life.