Farmers play a crucial role in any nation’s economy and grow essential and enriching food for the millions of people spread across the nation. In India, Agriculture is one of the largest sectors that employs nearly half of the country’s workforce and contributes majorly to the country’s GDP but continues to face a wide range of issues. To address these issues, the govt. of India launched the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan).
What Is The PM Kisan Samman Nidhi?
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) is a government initiative launched in 2019 to provide direct financial assistance to small and marginal farmers in India. The govt scheme provides an annual amount of Rs. 6000 released in three instalments to the farmers for investing in agricultural-related activities like purchasing quality seeds, fertilisers, equipment, etc. The PM-Kisan scheme aims to reduce the financial burden on the shoulders of the farmers.
Benefits Of The PM Kisan Samman Nidhi
The PM-Kisan scheme offers various benefits to provide financial stability to small and marginal farmers in India. It provides a direct cash transfer of Rs. 6000 released in three instalments so that they can use the funds wherever they deem necessary. The govt scheme aims to reduce their dependence on informal credit sources such as moneylenders who exploit them later with high interest rates.
The agriculture scheme for farmers also works towards making them financially independent. The scheme’s objective is to also reduce the rate of suicides committed by farmers due to falling into debt traps.
A comprehensive guide outlining the eligibility and application process can be read by visiting Jaagruk Bharat’s official website.
Conclusion
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) is a commendable initiative taken by the Indian government to improve the lives of the farmers by providing them with financial assistance. This agriculture scheme has been helping innumerable farmers since it started.
To learn more about government schemes and programs, please head over to Jaagruk Bharat, a platform dedicated to breaking down the complexities of the schemes. You can also write to Jaagruk Bharat on their community page for any queries you might have.
