Agriculture is the backbone of India, and farmers are its core. Yet, small and marginal farmers often face challenges like unpredictable market prices, harsh weather, and lack of essential resources. To address these, the Government of India launched the PM-Kisan Samman Nidhi Yojana in 2019, a government agriculture scheme that provides crucial financial support to farmers.
What Is This PM Kisan Samman Nidhi Yojana?
The PM Kisan Samman Nidhi Yojana is a government scheme designed to help India’s small and marginal farmers. Initially, it covered farmers with up to two hectares of land but now includes all farmers nationwide. Under this govt scheme, eligible farmers receive ₹6,000 annually, paid directly into their bank accounts in three instalments of ₹2,000 each through the Direct Benefit Transfer (DBT) system.
For a detailed overview of this scheme, you can visit Jaagruk Bharat.
Objectives
The primary objectives of PM Kisan Samman Nidhi are given below:
- Ensure Financial Stability: The Scheme ensures farmers can sustain their domestic responsibilities and agricultural activities without the need for high-cost borrowing, by providing an assured annual income of ₹6,000.
- Encourage Investment in Agriculture: The scheme fosters purchasing enough seeds, fertilisers and other agricultural apparatus which in turn advances the productivity of farmers.
- Reduce Financial Distress and Farmer Suicides: Surplus farms-reliant income reduces over-reliance on loans that tend to drown many into hopelessness most times leading to tragic ends in the farming population.
- Promote Financial Inclusion: Since all beneficiaries of the scheme are required to open accounts in any of the banks, farmers are drawn into the organized financial sector making it possible for them to exploit other government schemes and benefits.
- Support Sustainable Farming Practices: Under the scheme, farmers are also encouraged to use sustainable agricultural practices such as organic farming and efficient irrigation systems.
Key Features
Many farmers from all over the country can take advantage of the PM Kisan Benefits scheme which provides many such features:
- Annual Financial Support: This is a recurring benefit, and qualifying farmers receive annually ₹6000 annually in three payments which are focused on promoting agricultural activities among other uses.
- Direct Benefit Transfer (DBT): The payments are made to the beneficiary’s bank accounts thereby ensuring that there is no suspicion of lack of accountability or even payment delays.
- Wide Coverage: The benefit of the scheme is available forward to all the families of farmers irrespective of the size of the holding and most probable welfare programme for the farming community in India.
Benefits
Among the different possible features of the PM Kisan Benefits scheme, there are some which are beneficial to the farmers and agricultural with of the farmers and agricultural sector:
- Financial Support: Under this scheme, an assured level of income is provided to the farmers so that they may be able to purchase their basic needs as well as make investments in agriculture.
- Enhanced Reach: Unlike the first stage of coverage, this scheme has impacted all farmers including the latex land sizes, which increases the beneficiaries of the scheme.
- Development of Rural India: Increased income of farmers, increases consumption and this sustains and grows the agricultural economies and sectors in rural areas.
- Support during distress: This scheme within a short period has already proved its importance by offering deficit assistance during unprecedented phenomena like the COVID-19 pandemic.
For complete details about the application procedure, documents required, e-KYC process and more read the comprehensive article on Kisan Sammna Nidhi Yojana on Jaagruk Bharat. .
Conclusion
The Kisan Nidhi Yojana is a revolutionary program, which greatly alleviates the woes of farmers in India. It not only alleviates the pressures of financial burdens on the farmers and promotes sustainable farming but also improves the welfare of farmers and the rural economy in general. Going on surely Kisan Program will continue helping more and more people with improvements and its active promotion, and it will become a base tool for the agricultural policy of the country.
Empower India’s farmers and contribute to the agricultural growth of the nation by staying informed about government schemes like the PM Kisan Samman Nidhi Yojana. Stay in touch with Jaagruk Bharat for more updates and other schemes.
