Pm Kisan Saman Nidhi Yojna
Since its launch in 2019, the Pradhan Mantri Kisan Saman Nidhi Yojana has been a major success in India. It has been a great boon to the nation’s farmers, who have faced numerous difficulties over the years. It is an initiative taken by the Government of India to provide financial assistance to small and marginal farmers. Through this scheme, these farmers receive financial support of up to Rs. 6,000 per year. This amount is credited directly into the farmers’ bank accounts in three installments throughout the year. In this article, I will discuss the various aspects of the Pradhan Mantri Kisan Saman Nidhi Yojana and its impact on the farming community.
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PM Kisan Samman Nidhi Yojna
The PM Kisan Saman Nidhi Yojna (PM-KISAN) is a Central Sector Scheme launched by the Government of India in 2019 to provide financial support to small and marginal farmers. The scheme provides direct income support of Rs.6000/- per year to small and marginal farmer families, divided into two equal installments of Rs.3000/- each. This support is provided to help the farmers meet their agricultural expenses, such as buying seeds, fertilisers, and other necessities.
As of January 2021, over 10.83 crore farmers have registered for the scheme and have received more than Rs 93,000 crore in financial support. The scheme has been lauded as one of the biggest welfare policies for small and marginal farmers in India and will help in reducing rural poverty and improving the agricultural sector.
The scheme is particularly beneficial to small and marginal farmers, who have limited access to financial resources. The support helps in ensuring that farmers have access to financial resources to buy agricultural inputs and reduce their debt burden. The scheme also helps in empowering the landless farmers, who are an important part of India’s rural population.
PM-KISAN is a major policy initiative taken by the Government to improve the livelihoods of small and marginal farmers in India. It promotes social security and financial inclusion, and is also a major step towards achieving food security. The scheme also helps in generating employment opportunities in the rural areas and helps in alleviating poverty.
It is a great initiative taken by the Government to support the small and marginal farmers of India and ensure their well
Eligibility Criteria
Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a major initiative by the Government of India to financially support small and marginal farmers and help them combat poverty and distress. It is a centrally sponsored scheme that provides an income support of Rs. 6000/- per year to farmers holding up to 2 hectares of land. To be eligible for the scheme, farmers must possess a valid landholding certificate and have a valid bank account in their name.
Statistics from the Ministry of Agriculture and Farmers Welfare indicate that PM-KISAN has benefitted more than 9 crore families since its launch in 2019. Among these beneficiaries, about 57% are small and marginal farmers, who own less than an acre of land. Additionally, the scheme has resulted in an overall increase of 8.5% of income in rural households.
The Government of India also provides incentives, like subsidized loan and increased price for crops, to all farmers under the PM-KISAN Scheme, irrespective of their landholding size. Moreover, the Government provides subsidies on farm inputs, custom hire services and seeds, to help farmers reduce their cost of production.
Apart from this, the Government also launched the PM-KISAN Maan-Dhan Yojana in 2020, which is an insurance plan for farmers with a minimum premiums of Rs. 330/- per year. This plan provides financial support to farmers in cases of premature death and serious illness, helping them cope with financial distress.
Overall, PM-KISAN
Benefits
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme is a flagship scheme of the Government of India that brings financial security to the lives of small and marginal farmers. The scheme provides an income support of Rs.6000 per year to approximately 12.5 crore beneficiary families. This amount is divided into two equal installments of Rs.3000 each, to be released in April and November of each financial year.
PM-KISAN is a significant move towards the financial upliftment of the farmer community. The scheme has been credited with reducing the distress of farmers by providing regular income and providing financial autonomy to invest in farming. This has led to an increase in agricultural production in the country.
In addition to income support, the scheme provides other benefits such as concessional loans, agricultural insurance, and interest-free loans. This has enabled farmers to access essential financial services and capital to cultivate their land and increase crop yields.
Furthermore, the scheme is beneficial for the country in terms of its economic growth as agriculture is one of the main drivers of India’s GDP. According to a report by the Niti Aayog, the PM-KISAN scheme has the potential to generate an additional GDP of 0.4 percent of the GDP of India at current market prices.
In conclusion, the PM-KISAN scheme is an effective measure to help bridge the gap between the rural and urban economy. The scheme has enabled vulnerable sections of the society to access basic financial services and support and
Implementation
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Government of India in 2019 to ensure financial support to small and marginal farmers. Under the scheme, a total of Rs. 6,000 is provided in three equal installments of Rs. 2,000 each. This money is directly transferred to the bank accounts of the registered beneficiaries. The scheme aims to help provide financial stability to farmers in India and increase their income.
According to the Department of Agriculture, Cooperation and Farmers Welfare, the scheme has been implemented in all states and union territories, with the total budget allocated for 2019-20 being Rs. 75,000 crore. The scheme covers around 14.5 crore farmer families and provides them with financial assistance to purchase necessary agricultural inputs, such as fertilizers, seeds, and tools.
The registration process for the PM-KISAN is carried out by the State Agriculture Department, who determine the eligibility of the beneficiary as per the criteria set by the Government of India. The eligibility criteria includes the possession of landholding, an annual income of less than Rs. 1.5 lakh, and other socio-economic criteria.
The scheme has been successful in providing financial support to many farmers in the country, with an approximate total of Rs. 2, 35,425 crore given to the beneficiaries as of August 2020. In addition, the scheme has also created new employment opportunities for agricultural workers, thus helping in the overall development of the agricultural sector.
The success of the PM-
Challenges
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was launched in February 2019 to provide financial assistance to small and marginal farmers in India. The scheme provides a direct income support of six thousand rupees per year to vulnerable farmers in the form of three equal installments. PM-KISAN aims to provide financial stability and strengthen the agricultural sector, however, there are numerous challenges to the implementation of the scheme.
One of the biggest challenges is the data and identification of the rightful beneficiaries. Since the scheme targets small and marginal farmers, these categories of farmers are largely scattered and lack proper and complete records. This makes it difficult for the government to identify the eligible beneficiaries.
Additionally, the scheme can be prone to misuse as the same family may be registered under different names and receive multiple benefits. To counter this, the government has tightened the identification criteria, however, effective implementation of these measures is still a challenge.
Access to easy banking facilities is also a challenge as urban and rural areas are not always in reach of banks. The government has initiated the process of enrolling post offices as banking correspondents, however, the process is still in its initial stages. This can make it difficult for the farmers to access their benefits.
Finally, the scheme is also prone to corruption and political interference as powerful individuals tend to use the scheme for their own purposes and gain. To counter this, the government has introduced several measures to ensure that the benefits reach the rightful beneficiaries. Despite these efforts, corruption still remains
Potential Impact
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme is a government initiative that seeks to provide financial support to small and marginal farmers. Launched in 2019, this scheme has the potential for a significant impact on rural India. According to reports, over 8.7 crore farmers have already enrolled in the scheme and receive an income transfer of Rs. 6000 annually. It is estimated that this scheme could provide up to Rs. 75,000 crore of income support to these farmers every year.
This scheme also has broader implications for the entire Indian economy, as the agricultural sector contributes to around 15% of the country’s GDP. This income transfer can help farmers meet their day-to-day needs and also enable them to invest in the agricultural sector, which could improve the productivity of the sector and drive economic growth. Additionally, the scheme can also help address India’s rural poverty problem as it could provide a much-needed financial cushion to the farmers.
The PM-KISAN scheme is also expected to have a positive impact on the rural employment rates in India. According to the NITI Aayog, this scheme could potentially create up to 8 crore additional jobs in rural India. Furthermore, it could also help increase the incomes of rural non-farm households, as well as reduce the rural-urban income gap.
Overall, the PM-KISAN scheme has the potential to have a significant impact on rural India and the entire Indian economy. It will not only provide much-needed income support
Conclusion
PM Kisan Samman Nidhi Yojna has been a great boon for the farmers in India. It has provided them with a much needed financial boost and helped them to financially sustain themselves. It has also helped them to invest in their land, which in turn has helped to improve agricultural productivity. The scheme has also helped to increase farmers’ access to credit and reduce the burden of debt. It has also been successful in providing income and employment security to farmers. Most importantly, PM Kisan Samman Nidhi Yojna has enabled farmers to have greater control over their lives and the resources they have. This scheme has truly been a game changer for the farming community in India. Its success is a testament to the Government’s commitment to ensuring the welfare and security of farmers. Let us continue to work together to ensure that every farmer in India has access to the benefits of this scheme.
