What is PM Kisan Samman Nidhi Scheme?
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan Yojana) is an initiative of the Indian government that seeks to provide all small and marginal farmers with basic income support of up to Rs. 6000 annually. All landholding farmer families gain the financial benefit of Rs. 6000 annually through the PM KISAN Yojana scheme. This amount is due in three equal payments of Rs. 2000 each, spaced out over the course of four months.
The objective of PM Kisan Yojana
Farmers are one of the most important segments of our society, and agriculture is a significant component of India’s economy. However, farming communities have frequently battled with financial prosperity due to socio-economic differences that exist between urban and rural areas of the country. Since India’s independence, the larger portion of its population has been troubled by this problem.
The federal and state governments have worked tirelessly to improve these neighborhoods through a number of programs designed to address this socioeconomic issue. The PM Kisan Samman Nidhi Yojana’s objective is to help 125 million Indian farmers, especially those who are marginal or small in size.
PM Kisan Samman Nidhi Yojana , its beginnings…
The Indian government adopted the model and introduced the Farmer’s Investment Support Scheme to provide farmers across the country with financial support. Beginning on December 1st, 2018, the Pradhan Mantri Kisan Samman Nidhi Yojana became operational. According to the first declaration by the government, this program will receive Rs. 75000 crores a year.
Features of PM Kisan Samman Nidhi Yojana
Income assistance
The support it offers farmers for their minimum income is this Yojana’s key element. In India, every qualifying farmer family is entitled to a yearly payment of Rs. 6000. The money isn’t given out all at once, though.
Instead, it is spread out into three equal payments that are spaced four months apart. Thus, each farmer gets Rs. 2000 every four months. Beneficiaries may use this sum in a variety of ways. In Pradhan Mantri Kisan Samman, no usage restriction is expressly defined in the Nidhi Yojana criteria.
Determination of accountability
The GOI is in charge of funding, but it is not in charge of determining who will receive the money. State and Union Territory governments are in charge of it instead.
Which farmer households will profit from the program will be determined by these governments. It is important to note that a farmer’s family must consist of a husband, wife, and minor kid or children in accordance with the PM Kisan Samman Nidhi Yojana definition.
Eligibility for PM Kisan Scheme?
Its qualifying requirements are one of the most important aspects of this government program. Farmer households who meet these requirements can take advantage of this Yojana:
PMKSNY is open to small and marginal farmers.
Families of farmers who own arable land are eligible to qualify for the advantages of this program.
A recipient must be an Indian national.
In addition to this, farmers from both urban and rural areas may apply to join the Pradhanmantri Kisan Samman Nidhi Yojana. However, according to its rules, some groups of people are not eligible to receive benefits.