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PM Kisan is a government-supported scheme in India that aims to provide financial assistance to small and marginal farmers across the country. Launched in December 2018 by Prime Minister Narendra Modi, the PM Kisan scheme aims to ensure a minimum income for farmers and help them meet their agricultural needs.
Under the PM Kisan scheme, eligible farmers receive a direct cash transfer of Rs. 6,000 per year in three equal installments. The funds are transferred directly to the bank accounts of the beneficiary farmers, thus ensuring transparency and accountability in the disbursement process. The scheme is expected to benefit over 12 crore farmers in India.
The PM Kisan scheme is a significant step towards addressing the financial challenges faced by small and marginal farmers in the country. It provides them with a much-needed financial cushion to meet their agricultural expenses, invest in better farming practices, and improve their overall livelihoods. Additionally, the scheme aims to enhance the income of farmers and reduce their dependence on loans and other forms of credit.
In addition to the financial assistance, the PM Kisan scheme also aims to create a comprehensive database of small and marginal farmers in the country. This will help the government in better targeting its agricultural policies and schemes, thus ensuring effective implementation and greater impact.
Overall, the PM Kisan scheme is a crucial initiative by the government to support and empower small and marginal farmers in India. By providing direct cash transfers and creating a comprehensive database of farmers, the scheme aims to improve the livelihoods of farmers, boost agricultural productivity, and contribute to the overall growth of the agricultural sector in the country.