The government PM Kisan Samman Nidhi Yojana has launched a new program to help farmers and other small landholders. The scheme aims to provide direct income support to farmer families at a rate of Rs. 6000 per annum. The money will be provided in three equal installments of Rs. 2000. The program is fully funded by the Government of India. It is open to small and marginal farmers and is meant to help them grow crops. In order to avail the scheme, the farmers must have a bank account.
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In order to avail the scheme, farmers must have land holding papers and be registered with the government. The farmers must also belong to the SC/ST/OBC category. The farmer must also have a valid mobile number and land record details. In case of a family that has professional farmers, the farmer should be a businessman, but a farmer can register as an individual through the local patwari or revenue officer. If the farmers don’t have land holding papers, they can enroll in the scheme through Common Service Centres. A registration fee is charged for registering.
This scheme is a government initiative that provides income support to landholding farmer families. It will deposit 6,000 rupees in the bank accounts of eligible farmers each year. The government has implemented the scheme from December 2018, and it will be effective by 2020. Once the government has deemed that the beneficiary meets the eligibility criteria, the funds will be deposited in the beneficiary’s bank account.