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Launched in February 2019, Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is an agricultural welfare scheme that aims to provide financial assistance to the farmers across the country. Under this scheme, eligible farmers receive a direct cash transfer of INR 6,000 per annum in their bank accounts. The scheme is expected to benefit around 14 crore farmers in the country.
The scheme requires the eligible farmers to register themselves and their land holdings with the PM-KISAN portal. So far, over 11 crore farmers have registered under the PM-KISAN scheme since its launch. The benefits of this scheme can be availed by all farmers who hold less than two hectares of land.
The implementation of the PM-KISAN scheme has been taken up by the State governments and Union Territory administrations. Payments are processed by the National Payment Corporation of India (NPCI).
As per the data released by the Ministry of Agriculture and Farmers Welfare, Uttar Pradesh has got the highest number of beneficiaries under the PM-KISAN scheme with over 3.13 crore farmers registered. The maximum amount disbursed in Uttar Pradesh stands at INR 18,798.17 crore. The second-highest number of beneficiaries is in Bihar with over 1.62 crore farmers registered followed by Andhra Pradesh with over 1.46 crore farmers registered. Rajasthan and Madhya Pradesh have registered over 1.23 crore and 1.22 crore farmers, respectively.
Apart from these states, various other states including Maharashtra, Tamil Nadu, Karnataka, Gujarat, and West Bengal have also reported a considerable number of beneficiaries under the PM-KISAN scheme.
The PM-KISAN scheme has provided a significant boost to the agricultural economy of the country, which has been badly impacted due to the COVID-19 pandemic. The direct cash transfers to the farmers have enabled them to meet their financial needs and continue with their agricultural activities without any financial constraints. The government has also planned to expand the scope of this scheme, benefiting more and more farmers in the years to come.