Google trend - Kisan Samman Nidhi

Kisan Samman Nidhi - 10 things to know with detail

• Kisan Samman Nidhi is a government scheme launched by the Ministry of Agriculture and Farmers Welfare to provide financial support to small and marginal farmers in India.
• Under the scheme, eligible farmers receive an income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each.
• The scheme aims to ensure financial security to farmers and prevent distress migration by providing them with a stable source of income.
• Small and marginal farmers who own less than 2 hectares of land are eligible to apply for the Kisan Samman Nidhi scheme.
• The scheme is implemented through Direct Benefit Transfer (DBT) mode, wherein the financial assistance is directly credited to the bank accounts of the eligible farmers.
• The scheme was announced by the Government of India in the Interim Budget of 2019 and was officially launched in February 2019.
• The scheme is applicable to all states and union territories in India, and the funds are provided by the central government.
• The Kisan Samman Nidhi scheme is a part of the government's efforts to double the income of farmers by 2022.
• The scheme has been widely praised for its direct benefit to farmers and its potential to improve their livelihoods.
• The government has allocated a budget of Rs. 75,000 crore for the implementation of the Kisan Samman Nidhi scheme, with an estimated 12 crore farmers expected to benefit from it.