PM Kisan Samman Nidhi Yojana

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PM Kisan Samman Nidhi Yojana: The Latest Scheme by Modi Government

PM Kisan Samman Nidhi Yojana India is one of the fastest developing countries in the world. It has made tremendous progress in recent years. This has not gone unnoticed by the international community, which has applauded it for good governance, economic development, and strategic interests. PM Modi’s initiatives have been tremendously successful so far with schemes like Swachh Bharat Abhiyan and Jan Dhan Yojana. The latest scheme launched by the Modi government is Samman Nidhi Yojana. Here are some details of this scheme.

The Current Situation

Prime Minister Narendra Modi has unveiled a scheme that will entitle 10 crore families in India with a monthly income of less than Rs 5,000 to receive Rs 6,000 per year.

The scheme, called Pradhan Mantri Kisan Samman Nidhi Yojana, will be executed by the Ministry of Finance and the Ministry of Rural Development.

The scheme has been introduced in an effort to double the income of farmers.

The scheme has been introduced in an effort to double the income of farmers.

The scheme will help increase the income of farmers who are reeling under the pressure of rising input costs.

The scheme will not only help farmers, but also their families. As per the scheme, the women in the households where farmers are beneficiaries will also get Rs 3,000 per year.

PM Kisan Samman Nidhi Yojana
PM Kisan Samman Nidhi Yojana

The Recent Schemes of the Government

The government has recently announced the PM Kisan Samman Nidhi Yojana. It is a new scheme that will be launched on 14th April. The scheme is expected to provide an annual income of Rs. 6000 to the farmers of the country. The amount will be deposited in their account directly within 10 days of applying.

The scheme has been launched with an aim to provide support to the farmers who are currently reeling under the pressure of the recent floods in Kerala and Karnataka, and the drought-like conditions in states like Maharashtra, Gujarat, and Rajasthan.

The Samman Nidhi Yojana is in addition to the Minimum Support Price (MSP) for their crops.

Farmers in Andhra Pradesh, Telangana, Karnataka, Kerala, Uttar Pradesh, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Haryana, Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Nagaland, Tripura and Sikkim can apply for this scheme.

The scheme also applies to the landless agricultural laborers who have been working for at least 15 days in a month.

The PM Kisan Samman Nidhi Y

What is PM Kisan Samman Nidhi Yojana?

The PM Kisan Samman Nidhi Yojana is a scheme that promises to provide a fixed monthly pension of Rs. 3,000 to farmers who have a landholding of 5 acres or less. The scheme aims to provide social security to about 8.8 million such farmers.

The scheme was first announced as a flagship programme for the BJP in the lead-up to the 2014 Lok Sabha elections. It was finally launched on 1 November, 2016. The scheme has been implemented by the Ministry of Agriculture and Farmers Welfare and is administered by the National Bank for Agriculture and Rural Development (NABARD).

The scheme has been successful in its first year, with over 112,000 farmers enrolling.

The pension amount is determined on the basis of the age of the farmer and category of land-holding. There are three age brackets: 18-40, 41-50 and 51 and above.

There are three categories of land-holding: 1-4 acres, 5-10 acres and 11-15 acres.

According to the latest data, over 112,000 farmers have enrolled, with about 10 lakh farmers expected to be enrolled by 2019.

PM Kisan Samman Nidhi Yojana
PM Kisan Samman Nidhi Yojana

How do the farmers get the money?

The money would be transferred to a bank account of a farmer through direct benefit transfer. It would be done in two installments. The first installment would be made on the day of the notification by the government. The second installment would be given on December 25 of every year.

This is a very beneficial scheme for farmers. The high yield rates have been a major problem in the Indian agriculture sector. Samman Nidhi Yojana has been a boon for many farmers in India. The government has also undertaken other initiatives to provide for all the needs of farmers. The one that stands out is the Pradhan Mantri Krishi Sinchayee Yojana. It is a water management scheme that provides irrigation facilities to farmers across India.

The Pradhan Mantri Krishi Sinchayee Yojana is also beneficial for the environment. It helps to conserve resources like water and power which are in short supply in India. Besides, it improves the quality of groundwater by reducing water table depletion, surface water pollution, and soil erosion.

So, if you are a farmer, Samman Nidhi Yojana might be the right scheme for you!

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Benefits of this scheme for farmers

Farmers in India often face the problems of unemployment and lack of income. That’s where this new scheme comes in.

This new scheme was introduced with the intention to help farmers and make sure they get a steady income. A farmer who has taken a loan from a bank will be able to repay the loan with this monthly allowance of Rs.3000.

This will help the farmer with their monthly expenses and also help them repay the loan on time. The PM says that this is just a start and they’re planning on expanding this to more people.

It’s important to note that this scheme was introduced over a month ago, and it has received a lot of criticism for not having enough details and not being clear about how it will work.

As of now, there are no clear rules and regulations about how this scheme will work and if it is eligible for all states or only selected states.

Conclusion

The scheme is a major relief for the farmers who have been suffering from the financial constraints. It will help them get rid of their debts and will help them improve their lives. The scheme will also help to improve the economic condition of rural India and help it to progress.

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