Estimated reading time: 5 minutes
The PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) is a government initiative in India aimed at empowering farmers by providing them with accessible and timely financial assistance. Since its inception, the program has disbursed an impressive amount of over Rs. 2.42 lakh crore to over 11 crore farmers across the country. This article delves into the details of PM-KISAN, highlighting its significance in providing socio-economic security to land-holding farmer families.
https://media.refersms.com/image/202306/doc2023614212001.pdf
1. PM-KISAN and its Purpose
The PM-KISAN scheme was launched in February 2019 by the Government of India with the aim of providing financial assistance to farmers across the country. It recognizes the crucial role played by farmers, often referred to as Annadatas, in ensuring food security and sustenance for the nation. By supporting them financially, the government intends to enhance their livelihoods and overall socio-economic well-being.
2. Financial Assistance: Rs. 6,000 per Year
Under the PM-KISAN program, eligible farmers receive income support of Rs. 6,000 per year. This support is provided in three equal installments of Rs.2,000 each, directly into the bank accounts of the beneficiaries. The financial assistance aims to alleviate the financial burdens faced by farmers and provide them with a steady income stream to meet their farming and household needs.
3. Mode of Disbursement: Three Equal Installments
To ensure timely and convenient disbursement of financial assistance, the amount is divided into three equal installments. This ensures that farmers receive a regular flow of funds throughout the year, allowing them to plan and manage their expenses efficiently. By providing installment-based support, the PM-KISAN scheme addresses the immediate financial requirements of farmers at different stages of their agricultural activities.
4. Eligibility Criteria: Land-holding Farmer Families
The PM-KISAN program is targeted toward land-holding farmer families across the country. To be eligible for the scheme, farmers must fulfill certain criteria, including ownership of cultivable land. The program recognizes the importance of land ownership in agriculture and aims to provide assistance to those who rely on farming as their primary occupation.
5. Enrollment Process: Easy and Efficient
The enrollment process for the PM-KISAN scheme is designed to be simple and accessible to all eligible farmers. The government has set up dedicated centers at various locations to facilitate the registration process. Farmers can also enroll online through the official PM-KISAN portal, which further streamlines the enrollment process and ensures widespread participation.
6. Socio-Economic Impact: Empowering Farmers
PM-KISAN plays a significant role in empowering farmers by providing them with socio-economic security. The financial assistance enables farmers to invest in modern agricultural practices, purchase high-quality seeds, and acquire necessary farming equipment. It also helps them cope with unexpected challenges such as crop failure, natural disasters, and fluctuating market prices. By ensuring financial stability, the scheme empowers farmers to take calculated risks and explore opportunities for growth.
7. Ensuring Accessibility: Direct Benefit Transfer
A key feature of the PM-KISAN scheme is the utilization of Direct Benefit Transfer (DBT) for the disbursement of financial assistance. Through DBT, the funds are directly transferred to the bank accounts of the beneficiaries, eliminating intermediaries and ensuring transparency. This approach minimizes the chances of corruption, leakage, and delays in payment, ultimately benefiting the farmers.
8. Transparent and Accountable Governance
PM-KISAN operates under a transparent and accountable governance framework. The program is monitored closely, and the government ensures that the funds reach the intended beneficiaries promptly. Regular audits and evaluations are conducted to maintain the integrity of the scheme and make necessary improvements to its implementation.
9. Successful Implementation: Overcoming Challenges
The implementation of PM-KISAN has been a commendable achievement, considering the scale and diversity of the agricultural sector in India. Despite various challenges such as geographical constraints, technological limitations, and bureaucratic hurdles, the government has successfully managed to disburse financial assistance to millions of farmers. The program’s success can be attributed to efficient planning, effective execution, and continuous monitoring.
10. Enhancing Agricultural Productivity: Investments in Farming
The financial assistance provided by PM-KISAN serves as a catalyst for enhancing agricultural productivity. With the additional funds, farmers can invest in modern farming techniques, irrigation systems, and farm machinery. This enables them to improve their crop yields, reduce post-harvest losses, and adopt sustainable farming practices. Ultimately, the scheme contributes to the growth and development of the agricultural sector in India.
11. Strengthening Rural Economy: Increased Purchasing Power
The PM-KISAN scheme has a ripple effect on the rural economy. By providing financial assistance to farmers, it increases their purchasing power, which, in turn, boosts demand for goods and services in rural areas. The increased consumption stimulates economic activities, creates employment opportunities, and contributes to the overall growth of the rural economy. This positive economic cycle further empowers farmers and helps bridge the urban-rural divide.
12. PM-KISAN: A Catalyst for Development
PM-KISAN acts as a catalyst for holistic development in rural areas. It not only provides financial assistance but also encourages farmers to explore alternative sources of income and diversify their agricultural activities. The scheme supports initiatives related to beekeeping, dairy farming, poultry farming, and fisheries, enabling farmers to maximize their potential and generate additional income. By promoting rural entrepreneurship, PM-KISAN fuels economic growth and empowers farmers to become self-reliant.
13. Support and Recognition from International Organizations
The PM-KISAN scheme has garnered support and recognition from international organizations for its impact on the agricultural sector. The program has been praised for its innovative approach, effective implementation, and positive outcomes. Such recognition not only showcases India’s commitment to the welfare of its farmers but also paves the way for collaboration and exchange of best practices with other nations facing similar challenges in the agricultural domain.
14. Benefits Beyond Financial Assistance
The benefits of PM-KISAN extend beyond the financial assistance provided to farmers. The scheme contributes to improving the socioeconomic conditions of rural communities by addressing key challenges such as poverty, malnutrition, and unemployment. It also promotes sustainable agriculture, environmental conservation, and inclusive development. Through its comprehensive approach, PM-KISAN aims to uplift farmers and transform rural India.
Latest Stories
The 7th convocation of the Central University of Himachal Pradesh in Dharamshala witnessed an esteemed presence as Smt. Droupadi Murmu, the President of India, graced the occasion with her enlightening address. In her…
Click here to Read more
Attention all commuters in Delhi: The Archeological Survey of India (ASI) has initiated repair work near Hanuman Setu, impacting traffic flow in the area. Starting from 04.05.2024, the extreme right lane below Mangi…
Click here to Read more
The Indian Space Research Organisation (ISRO) has reached a major milestone in space propulsion technology with the successful ignition of a semi-cryogenic engine preburner. This achievement, achieved at the Semi Cryo Integrated Engine…
Click here to Read more
The fever surrounding Pushpa 2: The Rule has reached unprecedented heights since its announcement, turning it into one of the most eagerly anticipated films of the year. Building on the success of its…
Click here to Read more
Meghalaya Chief Minister Conrad K Sangma took a proactive step towards efficient waste management by inspecting the installation of a waste segregation machine at Rongkhon Songgital in Tura. The initiative underscores the state…
Click here to Read more
Sajid Nadiadwala, the mastermind behind the uproarious Housefull franchise, has once again sparked excitement among fans with the announcement of Abhishek Bachchan joining the ensemble cast for Housefull 5. Scheduled to commence filming…
Click here to Read more
ICSE & ISC Exam: West Bengal Chief Minister Mamata Banerjee extends heartfelt congratulations to students who successfully cleared this year's ICSE & ISC examinations. In a message of encouragement and support, Banerjee wishes…
Click here to Read more
Deputy Chief Minister of Madhya Pradesh, Rajendra Shukla, is in mourning following the sad demise of his elder sister, Ratna Pandey. Shukla, who had been caring for his sister during her illness, expressed…
Click here to Read more
The Indian Meteorological Department (IMD) has issued a forecast indicating the likelihood of isolated heavy rainfall in Coastal Andhra Pradesh & Yanam on May 7th, 2024. Residents and authorities are urged to remain…
Click here to Read more
Anand Mahindra, Chairperson of the Mahindra Group, has taken to social media to shine a spotlight on the inspiring story of Jaspreet, a 10-year-old boy running a roadside food cart despite facing significant…
Click here to Read more
Union Minister Nitin Gadkari has lauded the picturesque landscape and practical advantages of the 6-lane Chitradurga-Davangere stretch, emphasizing its role as a vital conduit connecting Bangalore and Mumbai. More than just a transportation…
Click here to Read more
In response to the prevailing weather conditions in the state, Manipur Chief Minister N. Biren Singh has taken proactive steps to safeguard the well-being of students and residents. He announced the closure of…
Click here to Read more
In response to the recent hailstorm wreaking havoc across several areas of Manipur, Chief Minister N. Biren Singh has initiated urgent measures to assist affected residents. With the priority being the safety and…
Click here to Read more
ICSE Board Exam Passers: Uttarakhand Chief Minister Pushkar Singh Dhami extends warm congratulations to all students who successfully cleared the ICSE board examinations. In a message to the students, he expressed pride in…
Click here to Read more
Vikrant Massey may be riding high on the success of his latest film "12th Fail," but that doesn't mean he's neglecting his responsibilities as a father. His wife, Sheetal Thakur, recently took to…
Click here to Read more
Excitement is brewing as iQOO prepares to introduce its newest addition to the Indian smartphone market, the iQOO Z9x. Packed with a host of promising specifications, this device is poised to elevate the…
Click here to Read more
The Family Man Season 3: The Family Man, starring Manoj Bajpayee in a pivotal role, remains one of the most beloved series. With its renewal for a second season garnering even more love,…
Click here to Read more
As we transition into May 2024, various weather systems are poised to influence different parts of India, bringing about a mix of rainfall, thunderstorms, and temperature fluctuations. Understanding these weather systems and their…
Click here to Read more
Ibrahim Ali Khan, the son of Bollywood actor Saif Ali Khan, is making waves in the film industry even before officially stepping into it. Known for his charismatic public appearances and playful interactions…
Click here to Read more
PM Modi Extols Ayodhya's Devotion: In a fervent display of reverence and gratitude, Prime Minister Narendra Modi expressed profound admiration for the people of Ayodhya during a grand roadshow today. Addressing the gathered…
Click here to Read more
An earthquake of magnitude 3.4 rattled parts of Meghalaya, India, early on May 6, 2024. The seismic event occurred at 00:17:40 IST with its epicenter located approximately 78 kilometers east-northeast of Tura. The…
Click here to Read more
Aries (March 21 - April 19): Today, Aries might feel a surge of energy and confidence, propelling them to take on new challenges. It's a great day for initiating projects and making bold…
Click here to Read more
Sony Xperia 1 VI: Mark your calendars as Sony gears up to unveil the highly anticipated Xperia 1 VI on 17th May 2024. With a host of cutting-edge features and enhancements, the Xperia…
Click here to Read more
Arti Singh's recent wedding to Dipak Chauhan was the talk of the town, and the buzz around it still lingers. The actress shared a heartwarming video of her sangeet performance, captivating viewers with…
Click here to Read more
Google Pixel 8a: Google unveils the Pixel 8a, offering an impressive array of features and specifications at an attractive price point of €549. Let's delve into the complete specifications of this highly anticipated…
Click here to Read more
Arjun Bijlani, a prominent figure in the entertainment industry, currently enthralls audiences with his portrayal of Shiv in the TV series "Pyar Ka Pehla Adhyaya: Shiv Shakti." Recently, the show celebrated a significant…
Click here to Read more
Prime Minister Narendra Modi extends heartfelt tribute to Srila Gopal Krishna Goswami Maharaja, acknowledging his revered status as a spiritual luminary globally. Maharaja's unwavering devotion to Bhagwan Shri Krishna and tireless service through…
Click here to Read more
Sushmita Sen, the epitome of timeless beauty, once again captured hearts as she graced the ramp as the showstopper for designer Rohit Verma at the Bombay Fashion Week. Dazzling in a golden ensemble…
Click here to Read more
Bollywood Actress Radhika Madan, the vibrant Bollywood star, celebrated her birthday on May 1 in style, sharing glimpses of her "Andaaz Apna Apna" themed party on Instagram. The actress, known for her infectious…
Click here to Read more
The India Meteorological Department (IMD) has issued a heatwave advisory for several regions, including West Rajasthan, Saurashtra & Kutch, and interior Karnataka, on 7th May 2024. With temperatures expected to soar, residents are…
Click here to Read more
Celebrations are in order as the teaser for Manoj Bajpayee's 100th film, "Bhaiyya Ji", has been unveiled! Scheduled for release on 24th May, this milestone film marks a momentous occasion for the talented…
Click here to Read more
Mahindra: In a captivating display of ingenuity, a viral video is challenging traditional notions of transportation as a man effortlessly navigates a massive wardrobe on a bike, all without the aid of a…
Click here to Read more
Dia Mirza made a stunning appearance as the showstopper for fashion designer Chaulaz Heritage at the Bombay Times Fashion Week 2024. The actress gracefully walked the ramp, captivating the audience with her elegance…
Click here to Read more
The India Meteorological Department (IMD) has issued a stern warning regarding impending heatwave conditions across multiple states in India. According to the latest advisory, heatwave to severe heatwave conditions are very likely to…
Click here to Read more
Arti Singh and Dipak Chauhan's enchanting wedding has captivated attention since their pre-wedding festivities commenced. Despite keeping their relationship low-key, their wedding ceremonies and pre-wedding events became the talk of the town. Arti…
Click here to Read more
The Election Commission of India (ECI) took to Twitter to address a misleading post regarding the conduct of polling at a polling station in Assam. The post, shared under the hashtag #GE2024, implied…
Click here to Read more
Manoj Bajpayee, a celebrated actor known for his versatility, is set to make waves in Bollywood once again with his upcoming film "Bhaiyya Ji." What's more, he steps into the role of a…
Click here to Read more
Arvind Kejriwal: The Aam Aadmi Party (AAP) has announced its star campaigners list for the upcoming Lok Sabha elections in Delhi, featuring prominent leaders and strategists geared up to spearhead the party's campaign…
Click here to Read more
"The Great Indian Kapil Show" is generating immense excitement among fans with its star-studded guest lineup this season. From Aamir Khan to Ranbir Kapoor and his family, viewers eagerly anticipate each episode to…
Click here to Read more
As anticipation builds for Mahakumbh 2025, the construction of the Ganga Expressway is racing ahead, promising completion well before the grand event. Recent progress updates offer a glimpse into the bustling activity across…
Click here to Read more
Sonam Kapoor's recent Instagram post showcases heartwarming mother-son moments. The actress delighted fans by sharing two charming pictures with her adorable son, Vayu. In the snapshots, Sonam is seen gracefully holding Vayu while…
Click here to Read more
Uttarakhand Chief Minister Pushkar Singh Dhami expressed profound grief at the passing of ISKCON chief Most Rev. Gopal Krishna Goswami Maharaj. "Received the extremely painful news of the demise of ISKCON chief Most…
Click here to Read more