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Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) yojana
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Agriculture is the foundation of India's economy, providing livelihoods for millions of people across the country. Considering the role of farmers and their contributions to the nation, the central government introduced the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) yojana. This yojana intends to assist farmers with direct income support, maintain their financial security, and promote agricultural progress. Let's look at the key features, aims, advantages, and exclusions of PM-KISAN.

Features of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

PM-KISAN is a central government-funded scheme that provides income support to eligible farmers across India. Some of its salient features include:
  • Direct Benefit Transfer (DBT): The scheme runs on the DBT concept, in which financial assistance is immediately credited to beneficiaries' bank accounts.
  • Financial Assistance: Under PM-KISAN, eligible farmers receive a fixed income support of ₹6,000 per year in three equal instalments of ₹2,000 each.
  • Coverage: The scheme covers all landholding farmer families across the country, irrespective of the size of their landholding, subject to certain exclusions.
  • Implementation: PM-KISAN is implemented by the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) under the Ministry of Agriculture & Farmers Welfare, Government of India

Objective of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

The key objective of PM-KISAN is to increase the income of small and marginal farmers by providing financial assistance to cover agricultural expenditures and enhance their livelihood. The scheme aims to:
  • Provide farmers with direct income support to provide timely access to financial resources.
  • Increase the production of agriculture while promoting sustainable farming techniques.
  • Mitigate the distress faced by farmers due to fluctuating crop prices, natural calamities, and other unforeseen circumstances.

Benefits of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

PM-KISAN has several benefits for farmers and the agricultural sector:
  • Financial Stability: The scheme provides a steady source of income to farmers, reducing their dependency on informal credit sources and loan sharks.
  • Investment in Agriculture: With assured income support, farmers can invest in better seeds, fertilizers, and agricultural equipment, thereby improving productivity and crop quality.
  • Poverty Alleviation: PM-KISAN plays a crucial role in poverty alleviation by directly transferring funds to farmers' accounts, enabling them to meet their basic needs and improve their standard of living.
  • Inclusive Growth: By covering all landholding farmer families, including small and marginal farmers, PM-KISAN ensures inclusive growth in the agricultural sector, bridging the income disparity among farmers.

Exclusion Categories of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

While PM-KISAN aims to benefit all landholding farmer families, certain categories are excluded from the scheme:
  • Income Tax Payers: Farmers who are paying income tax are not eligible for PM-KISAN.
  • Government Employees: Serving or retired government employees, as well as individuals receiving pensions exceeding a certain threshold, are excluded from the scheme.
  • Professionals: Individuals engaged in professions such as doctors, engineers, lawyers, and chartered accountants are not eligible for PM-KISAN.
  • Beneficiaries of Other Schemes: Farmers already receiving benefits under other central or state government schemes with similar objectives are not eligible for PM-KISAN.

Conclusion

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) stands as a landmark initiative aimed at uplifting the agricultural community by providing direct income support to farmers. With its focus on financial inclusion and empowerment, PM-KISAN has the potential to transform the lives of millions of farmers across India, ensuring sustainable agricultural development and food security for the nation.
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