The PM Kisan Samman Nidhi (PM-KISAN) is a government welfare program launched by the Indian Prime Minister Narendra Modi in February 2019 with the aim of providing financial assistance to small and marginal farmers across the country. Under this scheme, eligible farmers receive an annual direct income support of Rs 6,000 per year, payable in three equal instalments of Rs 2,000 each every four months directly into their bank accounts. The total expenditure for this program is estimated to be around ₹ 75,000 crore (US$10 billion).

The main objective of the PM-KISAN scheme is to provide monetary support to all landholding small and marginal farmers across India under a defined framework that will help them in times of distress. It is also intended to enable farmers to meet their expenses for farm inputs like fertilizers, pesticides, seed, etc., and it will also help in providing a financial cushion for meeting family contingencies. The scheme will be implemented through the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Ministry of Agriculture & Farmers Welfare (MoA&FW).

In order to avail the benefits under PM-KISAN scheme, small and marginal farmers need to register themselves online or offline at pmkisan.gov.in either through DBT Portal or directly with the State Government/Union Territory Administrations utilizing Digital Payment Platforms such as UPI app/AePS/RuPay cards. The farmers will also be required to provide their Aadhaar details and bank account information in order to receive the financial assistance.

The selection of beneficiaries for PM-KISAN scheme is based on the existing database of Small and Marginal Farmers, maintained by State Governments/Union Territory Administrations using Socio Economic and Caste Census (SECC) 2011 data as Primary source along with land record details.

Overall, the PM-KISAN scheme has been successful in providing support to small and marginal farmers during times of distress, while encouraging them to pursue agricultural activities that are more profitable and resilient against climate change. This scheme has helped in improving the livelihoods of millions of households across India, allowing them to build a secure economic future.

NOte: The content written by AI Tool.

Check the full Information Office Site: https://pmkisan.gov.in/