Pradhan Mantri Kisan Samman Nidhi – Providing Financial Support to Farmers
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a government initiative aimed at providing financial assistance to farmers across India. Launched in February 2019, this scheme has gained significant importance in the agricultural sector. It aims to enhance the financial condition of small and marginal farmers and ensure their overall welfare.
Benefits of PM-KISAN:
Under the PM-KISAN scheme, eligible farmers receive direct income support of Rs. 6,000 per year, payable in three equal installments. This financial assistance is provided to address the income disparities faced by farmers and to alleviate their financial burden.
Eligibility Criteria:
To avail of the benefits, farmers need to meet certain eligibility criteria. This includes being a citizen of India, holding active agricultural land ownership, and possessing a valid Aadhaar card. Additionally, landholding size limitations are set to exclude affluent farmers and focus on small and marginal farmers.
Why this News is important:
Enhancing Farmers’ Income:
The PM-KISAN scheme holds significant importance as it directly impacts farmers’ income. By providing financial support of Rs. 6,000 per year, it helps alleviate their economic burden, especially small and marginal farmers who often face financial challenges. This scheme acts as a safety net, ensuring a steady income for farmers and contributing to their overall well-being.
Alleviating Rural Distress:
Agriculture forms the backbone of the Indian economy, and the majority of the rural population depends on it for their livelihoods. PM-KISAN aims to address the distress faced by farmers due to fluctuating market prices, crop failures, and other challenges. By providing direct income support, it helps mitigate rural distress and contributes to the stability and prosperity of rural communities.
Historical Context:
Background information related to the news story, including any relevant history or related events.
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) was launched on 24th February 2019 by the Government of India under the leadership of Prime Minister Narendra Modi. This scheme was introduced as part of the government’s commitment to doubling farmers’ income by 2022. It aimed to address the challenges faced by farmers, including low agricultural productivity, high input costs, and income disparities. PM-KISAN emerged as a crucial initiative to provide direct financial assistance to farmers and promote their welfare.
Key Takeaways from “Pradhan Mantri Kisan Samman Nidhi – Providing Financial Support to Farmers.”
| Takeaway No. | Key Takeaway |
|---|---|
| 1 | PM-KISAN provides financial support to farmers in India. |
| 2 | Eligible farmers receive Rs. 6,000 per year in installments. |
| 3 | The scheme focuses on small and marginal farmers. |
| 4 | PM-KISAN enhances rural income and reduces distress. |
| 5 | The scheme contributes to the overall growth of the agriculture sector. |
Important FAQs for Students from this News
What is the purpose of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme?
The PM-KISAN scheme aims to provide direct income support to farmers in India, particularly small and marginal farmers, to enhance their financial condition and overall welfare.
How much financial assistance is provided under the PM-KISAN scheme?
Eligible farmers receive Rs. 6,000 per year, payable in three equal installments of Rs. 2,000 each.
Who is eligible to avail of the benefits under PM-KISAN?
Farmers who are citizens of India, possess valid Aadhaar cards, and hold active agricultural land ownership are eligible for the scheme. The landholding size is also considered to ensure the focus is on small and marginal farmers.
How is the PM-KISAN scheme implemented?
The implementation of PM-KISAN is facilitated through Aadhaar-based authentication and digital platforms to ensure a seamless and transparent transfer of funds to the beneficiaries.
What is the significance of PM-KISAN for government exam aspirants?
For students preparing for government exams, having knowledge about the PM-KISAN scheme is crucial as questions related to government initiatives, policies, and their impact on the agricultural sector are often asked in these exams. Understanding PM-KISAN can enhance their chances of scoring well in relevant sections.
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