The PM Kisan Scheme is an initiative by the Government of India aimed at providing financial support to small and marginal farmers across the country.
The scheme was launched by Prime Minister Narendra Modi on 24 February 2019. The full name of the scheme is Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
This scheme seeks to alleviate the financial burden faced by farmers and ensure their well-being. It is a Central Sector scheme with 100% funding from the Government of India.
Overview of the PM Kisan Scheme
Under the PM Kisan Scheme, eligible farmers receive direct income support of ₹6,000 per year in three equal installments.
Rs.2000 amount is paid every four months. The scheme is designed to provide assistance to farmers in meeting their agricultural and allied expenses, such as purchasing seeds, fertilizers, and other inputs.
Eligibility Criteria
- To avail of the benefits of the PM Kisan Scheme, farmers must fulfill certain criteria.
- Firstly, they need to be small and marginal landholders.
- He/she should be a citizen of India.
- The scheme defines a small and marginal landholder as someone who owns cultivable land up to 2 hectares.
- He/she should not be a beneficiary of any other government scheme that provides income support to farmers.
- Additionally, the farmer should have a valid Aadhaar number and a linked bank account to receive financial assistance.
Benefits of the PM Kisan Scheme
- PM Kisan scheme provides direct and assured income support to small and marginal farmers who often face uncertainties and risks in agriculture.
With the financial burden eased, farmers can invest in better-quality seeds, fertilizers, and modern agricultural equipment.
- This leads to improved productivity and higher crop yields, ultimately contributing to the growth of the agricultural sector.
- It can help to reduce the incidence of farmer suicide.
- The PM Kisan Scheme provides direct income support to farmers, ensuring a stable and reliable source of income.
Financial assistance helps farmers meet their agricultural expenses and reduces their dependence on informal credit sources.
- PM Kisan scheme also enhances the dignity and self-reliance of farmers and reduces their dependence on moneylenders and middlemen.
PM Kisan’s scheme is a step towards achieving the vision of doubling farmers’ income by 2022.
- It can help to increase agricultural productivity.
Implementation and Progress
The PM Kisan Scheme is implemented through the Department of Agriculture, Cooperation, and Farmers Welfare under the Ministry of Agriculture and Farmers Welfare.
To apply PM Kisan scheme Farmers, need to provide their Aadhaar number, bank account number, mobile number, and land records details to register for the scheme.
The scheme has witnessed significant progress, with millions of farmers benefiting from the financial assistance.
We also help farmers to grant PM Kisan schemes to them, only farmers need to visit our website and apply for it. So, we hope you understand all about the PM Kisan scheme, if you have still doubts related to the PM Kisan scheme you can simply contact us.
Conclusion
So, as we all aware that PM Kisan Scheme helps increase the income of farmers. This added income adds to the financial protection of the farmers in meeting their monetary commitments.
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