The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme is a Central Sector Scheme launched by the Government of India on 24 February 2019. The scheme aims to provide income support to all landholding farmers in India, irrespective of their size of landholding. The scheme provides an annual income support of â¹6,000 per farmer, payable in three equal installments of â¹2,000 each.
The PM-KISAN scheme benefits farmers in Manipur by providing direct income support, insurance coverage, and access to credit. The direct income support provided by the scheme helps farmers to meet their immediate financial needs and to improve their agricultural productivity. The insurance coverage provided by the scheme helps farmers to protect themselves against crop losses due to natural calamities. The access to credit provided by the scheme helps farmers to meet their working capital requirements and to invest in agricultural inputs.
The PM-KISAN scheme is a major step towards the realization of the goal of doubling farmers’ income by 2022. The scheme has been well-received by farmers in Manipur and has helped to improve their livelihoods.
Here is a brief explanation of each option:
- Direct income support: The PM-KISAN scheme provides an annual income support of â¹6,000 per farmer, payable in three equal installments of â¹2,000 each. This direct income support helps farmers to meet their immediate financial needs and to improve their agricultural productivity.
- Insurance coverage: The PM-KISAN scheme provides insurance coverage to farmers against crop losses due to natural calamities. This insurance coverage helps farmers to protect themselves against financial losses and to continue their agricultural activities.
- Access to credit: The PM-KISAN scheme helps farmers to access credit from banks and other financial institutions. This access to credit helps farmers to meet their working capital requirements and to invest in agricultural inputs.