PM Kisan Scheme’s ₹6,000 Annual Support Transforms Lives for Millions

India celebrates National Farmers Day on December 23. The day honors former Prime Minister Chaudhary Charan Singh. It also recognizes the vital role of farmers.

The government runs several key schemes to support this community. These programs provide direct income support, insurance, and credit. Their goal is to strengthen farmer welfare and the rural economy.

PM Kisan and Other Key Government Initiatives

The Pradhan Mantri Kisan Samman Nidhi is the flagship program. Known as PM Kisan, it provides income support. Eligible land-holding families receive ₹6,000 per year.

This money is sent in three equal instalments. The funds are transferred directly to bank accounts. Farmers use it for seeds, fertilizers, and household needs.

The Pradhan Mantri Fasal Bima Yojana offers crop insurance. PMFBY protects against natural disasters like floods and droughts. It also covers losses from pests and diseases.

According to government data, PMFBY supports about 50 crore farmers. The scheme provides coverage for more than 50 different crops. It is a critical safety net for agricultural producers.

The Kisan Credit Card scheme provides affordable, timely credit. It helps farmers finance crop production and post-harvest costs. The government offers a subsidized interest rate.

Qualified farmers can access credit at just 4% per annum. This makes necessary funds more accessible. It reduces reliance on informal, high-cost lenders.

Direct Impact on Farmer Livelihoods and Rural Economy

Beyond immediate income, long-term security is also addressed. The Pradhan Mantri Kisan MaanDhan Yojana provides an old-age pension. Small and marginal farmers are the primary beneficiaries.

Each subscriber is guaranteed ₹3,000 per month in pension. This offers crucial social security later in life. It ensures dignity for aging farmers with little savings.

The Soil Health Card Scheme helps optimize farm input costs. Farmers receive a detailed report on their soil’s nutrient status. This testing is done every three years.

The card includes customized advice on fertilizer use. This helps farmers avoid unnecessary spending. It also promotes sustainable soil management practices.

Together, these schemes form a comprehensive support system. The PM Kisan scheme’s direct transfers are a foundational pillar. This continued support is crucial for India’s agricultural future.

Info at your fingertips

What is the PM Kisan scheme?

PM Kisan is a central government income support scheme. It provides eligible farmer families with ₹6,000 per year. The amount is paid in three instalments directly to their bank accounts.

Who is eligible for the PM Kisan Samman Nidhi?

The scheme is for all land-holding farmer families in India. Eligibility is based on ownership of cultivable land. Certain institutional landholders and higher-income taxpayers are excluded.

How does the PM Fasal Bima Yojana help farmers?

PMFBY provides affordable crop insurance against natural risks. It covers losses from sowing to post-harvest. This protects farmer incomes from unexpected climate events and pests.

What is the Kisan Credit Card used for?

The Kisan Credit Card provides short-term credit for farming. Funds can be used for crop production and related needs. It offers credit at a highly subsidized interest rate of 4% per annum.

What is the pension amount under the MaanDhan Yojana?

The Pradhan Mantri Kisan MaanDhan Yojana provides a monthly pension of ₹3,000. This is for small and marginal farmers upon reaching the age of 60. It is a voluntary, contributory pension scheme.