Prime Minister Narendra Modi marked his first official act after re-election by releasing the 17th installment of the PM-Kisan Nidhi scheme on June 10, 2024. This move is expected to benefit 9.3 crore farmers and distribute approximately Rs 20,000 crores. The government has allocated a budget of Rs 1.27 lakh crore for the Ministry of Agriculture for the fiscal year 2024-25, indicating their commitment to farmer welfare. Farmers must complete their e-KYC to receive the instalments, which can be done online or through Common Service Centres. Stay updated on all agriculture news and developments by downloading the Krishi Jagran Mobile App.
PM Kisan Nidhi: Empowering Indian Farmers
The Pradhan Mantri Kisan Samman Nidhi (PM Kisan Nidhi) scheme, launched in 2019, is a flagship program by the Indian government aimed at providing financial assistance to eligible farmers. Under the scheme, farmers receive an annual income support of Rs. 6,000, disbursed in three equal installments of Rs. 2,000 each.
Background
Indian agriculture faces several challenges, including small landholdings, fragmented land ownership, and volatile agricultural prices. These factors hinder farmers' ability to invest in their farms and improve productivity. PM Kisan Nidhi aims to address these challenges by providing a stable source of income to farmers, enabling them to meet their cultivation costs and household expenses.
Eligibility Criteria
To be eligible for PM Kisan Nidhi, farmers must meet the following criteria:
Benefits of the Scheme
PM Kisan Nidhi has numerous benefits for eligible farmers, including:
Top 5 FAQs
1. When was the first installment of PM Kisan Nidhi released? A: The first installment was released on February 24, 2019.
2. Who is eligible for PM Kisan Nidhi? A: Small and marginal farmers who own less than 2 hectares of land and have their Aadhaar number linked to their bank account.
3. How often is the installment paid? A: The installment is paid in three equal installments of Rs. 2,000 each, every four months.
4. How can farmers receive the installment? A: The installment is directly credited to the farmers' bank account linked to their Aadhaar number.
5. What is the duration of the PM Kisan Nidhi scheme? A: The scheme is an ongoing initiative, with no specified end date.
Conclusion
PM Kisan Nidhi is a transformative scheme that has significantly improved the lives of millions of farmers across India. By providing financial assistance and empowering them with resources, the scheme has played a crucial role in boosting agricultural productivity, reducing poverty, and enhancing the overall well-being of farmers.
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