PM KISAN is a government scheme in India that provides income support to small and marginal farmers. Under this scheme, eligible farmers receive financial assistance of Rs. 6,000 per year in three equal installments.
In a historic event held in Yavatmal on February 28, 2024, Prime Minister Narendra Modi unveiled the 16th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, disbursing more than Rs 21,000 crores directly to beneficiaries. This significant milestone brings the total funds disbursed under the scheme to over 3 lakh crore, benefiting more than 11 crore farming families across the nation.
The seamless disbursement of funds through direct benefit transfer reflects the government’s commitment to eradicating financial irregularities and ensuring that the deserving receive their rightful share. Prime Minister Modi emphasized the importance of this achievement, stating, “The poor are getting their deserved share today.”
Highlighting the impact of the PM-KISAN scheme in Maharashtra, the Prime Minister revealed that farmers in the state have received a staggering Rs 30,000 crore, with Yavatmal’s farmers alone receiving Rs 900 crore in their accounts. This infusion of capital directly into the hands of farmers is poised to stimulate rural economies and enhance agricultural productivity.
In addition to the PM-KISAN disbursement, Prime Minister Modi inaugurated and dedicated several key development projects worth more than Rs 4900 crores in Yavatmal. These projects, spanning rail, road, and irrigation infrastructure, aim to bolster local infrastructure and empower the populace. The Prime Minister also launched initiatives such as the distribution of 1 crore Ayushman cards to enhance healthcare access and the Modi Awaas Gharkul Yojana for OBC category beneficiaries, demonstrating a holistic approach to inclusive development.
Moreover, Prime Minister Modi announced the increase in the Fair and Remunerative Price (FRP) of sugarcane to Rs 340 per quintal, aimed at improving the income of sugarcane farmers. This move underscores the government’s commitment to supporting farmers and ensuring their financial well-being.
As part of proactive measures, Prime Minister Modi urged individuals who have not received the 16th installment of PM-KISAN to lodge complaints at the PM Kisan Help Desk. Designated contact numbers and a toll-free number are available for swift resolution, ensuring that all eligible beneficiaries receive their entitlements without delay.
ABOUT PM-KISAN
In a bid to revolutionize Indian agriculture and uplift the farming community, the Government of India launched the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. Since its inception, PM-KISAN has emerged as a beacon of hope for millions of farmers across the country, providing them with financial assistance and support. Let’s delve deeper into the transformative impact of this groundbreaking initiative.
Empowering Farmers Through Direct Financial Assistance
PM-KISAN Samman Nidhi Yojana aims to provide direct income support to small and marginal farmers, who often struggle with financial constraints and uncertainties. Under this scheme, eligible farmers receive Rs 6,000 per year in three equal installments directly into their bank accounts. This financial assistance serves as a lifeline for farmers, helping them meet their agricultural expenses, invest in modern farming techniques, and secure a better future for themselves and their families.
Inclusive Outreach and Beneficiary Coverage
One of the key strengths of PM-KISAN is its inclusive approach to beneficiary selection. The scheme covers all farmers irrespective of their social or economic status, ensuring that the benefits reach those who need them the most. By extending support to small and marginal farmers, landless agricultural laborers, and tenant farmers, PM-KISAN ensures that no farmer is left behind in India’s journey towards agricultural prosperity.
Streamlined Implementation and Transparent Disbursement
PM-KISAN operates on a robust framework of implementation, leveraging technology to ensure seamless disbursement of benefits. The scheme relies on Aadhaar-based identification to verify beneficiaries and facilitate direct benefit transfer (DBT) into their bank accounts. This digital infrastructure not only minimizes leakages and delays but also promotes transparency and accountability in the distribution of funds.
Catalyzing Rural Development and Economic Growth
Beyond providing financial assistance to farmers, PM-KISAN plays a pivotal role in catalyzing rural development and stimulating economic growth. By infusing capital directly into rural economies, the scheme fuels consumption, generates employment opportunities, and fosters entrepreneurship at the grassroots level. Moreover, the enhanced purchasing power of farmers translates into increased demand for goods and services, thereby creating a ripple effect across various sectors of the economy.
Future Prospects and Continued Commitment
As PM-KISAN continues to evolve, there is immense potential for further expansion and enhancement of its impact. The government’s commitment to doubling farmers’ income by 2022 underscores its dedication to agricultural development and rural prosperity. Additionally, initiatives like the Farmer Producer Organizations (FPOs) and the Agri-Infra Fund complement PM-KISAN by empowering farmers with access to markets, credit, and technology.
Here are some links for more information about PM Kisan:
- Official PM Kisan website: https://pmkisan.gov.in/
- PM Kisan Yojana details on the Ministry of Agriculture & Farmers Welfare website: https://pmkisan.gov.in/Public/AboutPMKISAN.aspx
In conclusion, the PM-KISAN 16th installment release marks a significant milestone in the government’s efforts to empower farmers and strengthen rural economies. By providing direct financial assistance and investing in key infrastructure projects, the government is paving the way for inclusive growth and prosperity in the agricultural sector.