Pradhan Mantri Kisan Samman Nidhi

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a revolutionary initiative by the Government of India aimed at providing direct income support to small and marginal farmers. Launched in February 2019, this scheme addresses the financial needs of farmers and ensures their economic stability.

How it Makes Housing Affordable and Accessible

PMAY has several important features designed to make housing affordable and accessible:

1. Financial Support:

Under PM-KISAN, eligible farmers receive ₹6,000 per year in three equal installments of ₹2,000 each directly into their bank accounts.

2. Beneficiary Coverage:

The scheme covers small and marginal farmers across India, defined as those owning up to 2 hectares of cultivable land.

3. Payment Mode:

Payments are made through Direct Benefit Transfer (DBT) to ensure transparency and eliminate intermediaries.

Objectives of PM-KISAN:

PM-KISAN was launched with the following key objectives:

1. Income Support: To provide direct income support of ₹6,000 per year to eligible farmers, payable in three equal installments of ₹2,000 each.
2. Financial Stability: To ensure financial stability to small and marginal farmers for meeting their expenses related to agriculture and allied activities.
3. Empowerment: To empower farmers by providing them with a reliable source of income, reducing their dependency on informal credit sources and middlemen.

Eligibility Criteria

To qualify for PM-KISAN, farmers must meet the following criteria:

• Possess valid ownership documents for the cultivable land.
• The landholding should not exceed 2 hectares.
• Institutional landholders, farmer families in which one or more members belong to certain professional groups (such as doctors, engineers, lawyers, chartered accountants, etc.), and beneficiaries of higher economic status as defined by the government are not eligible.

Application Process:

The application process for PM-KISAN is straightforward:

1. Registration:

Farmers can register themselves through their respective state or union territory's official PM-KISAN portal or at the nearest Common Service Centre (CSC).

2. Verification:

The applications are verified by designated authorities to confirm the eligibility of the farmers.

3. Benefit Transfer:

Once verified, the financial assistance is directly credited to the bank accounts of eligible beneficiaries.

Impact and Benefits:

PM-KISAN has had a profound impact on the lives of farmers across the country:

1. Income Security

The scheme provides a reliable source of income to farmers, contributing to their financial stability.

2. Enhanced Agricultural Practices

Farmers can use the funds for purchasing seeds, fertilizers, and other inputs, thereby improving agricultural productivity.

3. Empowerment

Direct transfer of funds empowers farmers by reducing dependency on informal credit sources and middlemen.

Conclusion

The Pradhan Mantri Kisan Samman Nidhi scheme stands as a testament to the government's commitment to the welfare of farmers. By providing direct income support, PM-KISAN not only strengthens the agricultural economy but also enhances the livelihoods of millions of small and marginal farmers across India.