PM Kisan Samman Nidhi Yojana

PM Kisan Samman Nidhi Yojana

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a government scheme in India that provides financial assistance to small and marginal farmers. The scheme was launched by the Government of India in 2019, with the goal of providing income support to farmers and helping to reduce financial stress in the farming sector.

Under the PM-KISAN scheme, eligible farmers receive a direct cash transfer of INR 6,000 (about $80) per year, paid in three equal installments of INR 2,000. The scheme is intended to help farmers meet their basic needs, such as purchasing seeds, fertilizers, and other inputs, as well as covering their household expenses.

To be eligible for the PM-KISAN scheme, a farmer must be a small or marginal farmer, with land holdings of up to 2 hectares. The scheme is available to all small and marginal farmers in the country, regardless of their religion, caste, or gender.

The PM-KISAN scheme is implemented through the Ministry of Agriculture and Farmers Welfare, with the assistance of state governments. Farmers can apply for the scheme through their state government’s agriculture department, or online through the PM-KISAN portal.

The scheme has been well received by farmers, with over 14 crore (140 million) farmers having benefited from the scheme as of December 2021. The government has allocated INR 75,000 crore (about $10 billion) for the scheme in the 2021-2022 budget, and has stated that it plans to continue the scheme in the coming years.

Overall, the PM-KISAN scheme has been successful in providing much-needed financial support to small and marginal farmers in India, and has played a vital role in improving the incomes and livelihoods of these farmers. It is a testament to the government’s commitment to supporting the farming sector and ensuring the welfare of India’s farmers.