Post Name : Prime Minister Kisan Samman Nidhi Yojana: Aim, Features, and Objectives
Post Date : 08 May , 2024
Post Description : PM Kisan Samman Nidhi Yojana provides Rs. 6,000 per year to small and marginal farmers in three installments via Direct Benefit Transfer. It targets farmers with less than 2 hectares of land, aiming to support agricultural expenses and improve livelihoods. Farmers register through the PM Kisan portal or CSCs, ensuring inclusive coverage across India. Check PM Kisan Samman Nidhi Yojana details below.
Overview of PM Kisan Samman Nidhi Yojana
Financial Benefits:
- Eligible farmers receive Rs. 6000 per year in three installments.
- Funds are disbursed directly into their bank accounts.
- Helps cover agricultural expenses like seeds, fertilizers, and pesticides.
Scope of the Scheme:
- Originally for Small and Marginal Farmers (SMFs), now expanded to include all landholding farmers.
- Aims to benefit farmers from diverse backgrounds and regions.
Funding and Implementation:
- Central Sector Scheme with 100% funding from the Government of India.
- Implemented by the Ministry of Agriculture and Farmers Welfare in coordination with state governments.
Objectives:
- Supplement Financial Needs: Enhance crop health and yields by empowering farmers with timely financial assistance.
- Protect from Moneylenders: Reduce dependency on high-interest informal credit sources to ensure financial resilience.
Eligibility Criteria:
- Small and marginal farmer households with cultivable land qualify.
- Excludes institutional landholders, government officials, pensioners above a certain income, and certain professionals.
Features:
- Income Support: Provides Rs. 6000 in three installments every four months.
- Usage Flexibility: Beneficiaries have freedom to use funds as needed.
- Funding: Fully funded by the Indian government, transferred via Direct Benefit Transfer (DBT).
- Identification Responsibility: Recipients identified by state and Union Territory administrations.
