The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, launched on 24 February, 2019, has completed six years of providing financial assistance to farmers across India. This initiative, aimed at ensuring stability and enhancing crop production, has played a crucial role in reducing agricultural costs and improving farmers’ economic conditions.
Under the PM-KISAN scheme, eligible farmers receive ₹6,000 annually, credited directly to their bank accounts in three installments of ₹2,000 each. This financial aid is transferred through the Direct Benefit Transfer (DBT) system, eliminating middlemen and ensuring that the rightful benefits reach the farmers without any delays or discrepancies.
Over the past six years, the scheme has disbursed approximately ₹3.5 lakh crore to farmers’ accounts, benefiting millions of small and marginal farmers across the country. The 19th installment of the PM-KISAN financial assistance was recently released, providing over ₹22,000 crore to 9.8 crore farmers, including 2.41 crore female farmers.
The PM-KISAN scheme has not only provided financial support but has also brought respect, prosperity, and new strength to India’s food providers. Prime Minister Narendra Modi has emphasized the government’s commitment to supporting farmers and enhancing their livelihoods through various initiatives, including the PM-KISAN scheme.
In addition to the financial aid, the government has also dedicated 10,000 Farmer Producer Organizations (FPOs) to the country, further strengthening the support system for agricultural producers. The scheme has significantly contributed to reducing the cost of agriculture, increasing farmers’ access to the market, and improving their income.
