Prime Minister Narendra Modi visited Varanasi and released the 17th installment of the PM Kisan Samman Nidhi Yojana, providing financial support to more than 9.26 crore farmers. This was PM Modi's first action after being sworn in for the third consecutive time, having authorized the release last week. The scheme, which is the world's largest Direct Benefit Transfer scheme, has so far disbursed over Rs 3.04 lakh crore to more than 11 crore farmers. With this latest release, the total amount transferred since the scheme's inception will surpass Rs 3.24 lakh crore.
PM Kisan Yojana: Empowering Indian Farmers with Financial Assistance
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan Yojana), launched in 2019, is a revolutionary scheme that provides financial support to Indian farmers. This flagship program aims to alleviate the economic burden on farmers and strengthen the agricultural sector.
Background
The Indian agricultural sector faces significant challenges, including low incomes, volatile markets, and rising input costs. To address these issues, the Modi government introduced PM Kisan Yojana, a direct benefit transfer scheme that provides eligible farmers with a yearly sum of Rs. 6,000 in three equal installments.
Eligibility Criteria
Implementation and Impact
Since its inception, PM Kisan Yojana has made a significant impact on the lives of Indian farmers. Over 11 crore farmers have received benefits totaling more than Rs. 3.04 lakh crore. The scheme has increased agricultural productivity, reduced financial stress, and improved the overall well-being of rural communities.
17th Installment Release
On August 9, 2023, Prime Minister Narendra Modi released the 17th installment of PM Kisan Yojana, disbursing Rs. 20,000 crore to over 9.26 crore farmers. This brings the total amount disbursed under the scheme to over Rs. 3.24 lakh crore.
Top 5 FAQs
1. Who is eligible for PM Kisan Yojana?
Farmers with cultivable land up to 2 hectares and meeting the eligibility criteria mentioned above.
2. How much money do farmers receive under PM Kisan Yojana?
Farmers receive a yearly sum of Rs. 6,000 in three equal installments of Rs. 2,000 each.
3. How can farmers register for PM Kisan Yojana?
Farmers can register online at the official PM Kisan Yojana portal or through their local Krishi Vigyan Kendra (KVK).
4. How can farmers check their PM Kisan payment status?
Farmers can check their payment status on the official PM Kisan Yojana website by entering their Aadhaar number or account number.
5. What documents are required for PM Kisan application?
Farmers need to provide their Aadhaar card, bank account details, and land ownership documents during the application process.
Conclusion
PM Kisan Yojana is a transformative scheme that is empowering Indian farmers and revitalizing the agricultural sector. By providing financial assistance and reducing economic burdens, the scheme is not only improving the lives of farmers but also contributing to the overall growth and prosperity of the nation.
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