Why the Scheme is in News?
At Pathikonda in Kurnool district, YS Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, provided financial aid to farmers for the fifth consecutive year through the YSR Rythu Bharosa-PM Kisan program. CM Jagan gave Rs 3,923.21 crore to 52,30,939 farmers in this year's first installment.
As a result, the YSRCP state government deposited Rs 5,500 straight into each farmer's bank account, plus an additional Rs 2,000 from the Centre as part of the PM Kisan Yojana.
In a country where agriculture plays a crucial role in the economy and the livelihoods of millions, ensuring the welfare of farmers becomes paramount. In 2019, the Government of India launched the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme, a transformative initiative aimed at providing direct income support to small and marginal farmers across the nation. With its ambitious goals and broad reach, the PM-Kisan scheme has emerged as a vital engine of agricultural growth and rural development.
About Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme
The PM-Kisan scheme, also known as Pradhan Mantri Kisan Samman Nidhi Yojana, is an initiative of the Government of India launched in February 2019. The scheme's goal is to give economic support to the country's small and marginal farmers. The scheme is managed by the Department of Agriculture, Cooperation, and Farmers Welfare, which is part of the Ministry of Agriculture and Farmers Welfare of the Government of India.
Objective and Features of PM-Kisan Scheme
• The primary objective of the PM-Kisan scheme is to augment the income of small and marginal farmers by providing them with direct financial assistance.
• The scheme aims to pay qualifying farmers with Rs. 6,000 per year in three equal installments put straight into their bank accounts.
• The funds provided under the scheme can be utilized by farmers to meet their agricultural and household expenses, purchase seeds, fertilizers, and other necessary inputs, and invest in improving farm productivity.
• The PM-Kisan scheme covers all farmers, irrespective of their landholding size, across the entire country. • Unlike previous schemes, it does not differentiate between irrigated and non-irrigated land, ensuring equal benefits for all farmers. • The scheme also recognises women's important role in agriculture and extends its advantages to women farmers, including widows and divorcees. • Additionally, the scheme employs technology-driven mechanisms to ensure transparency and efficiency, using the Aadhaar identification system to authenticate beneficiaries and prevent leakages. PM-Kisan Scheme: Impact and Benefits Since its inception, the PM-Kisan scheme has made significant strides in transforming the lives of farmers and enhancing their economic well-being. Here are some key benefits and impacts of the scheme: 1. Income Support: Farmers benefit from direct income support of Rs. 6,000 per year, which helps them pay their immediate needs and reduces their reliance on informal lending sources. 2. Poverty Alleviation: By ensuring a stable income for farmers, the scheme contributes to poverty reduction, especially in rural areas where agriculture is the primary source of livelihood. 3. Boosting Agricultural Investment: The financial assistance provided through the PM-Kisan scheme enables farmers to make necessary investments in their farms, including purchasing modern equipment, adopting advanced farming techniques, and diversifying their crops. 4. Enhancing Agricultural Productivity: With improved access to financial resources, farmers can invest in high-quality seeds, fertilizers, and irrigation facilities, leading to increased agricultural productivity and overall crop yield. 5. Empowering Women Farmers: The inclusion of women farmers in the PM-Kisan scheme recognizes their valuable contribution to the agricultural sector and ensures their economic empowerment. 6. Social Security for Farmers: The scheme offers a sense of social security to farmers by providing them with a stable income, reducing their vulnerability to market fluctuations and natural disasters. 7. Rural Development: The PM-Kisan plan is critical in fostering rural development since it directs monies into the rural economy, stimulates local enterprises, and creates opportunities for employment. PM-Kisan Scheme: Challenges and the Way Forward While the PM-Kisan scheme has been successful in improving the lives of many farmers, there are certain challenges that need to be addressed to maximize its impact:
1. Identification and Inclusion: Ensuring that all eligible farmers are identified and included in the scheme remains a challenge. Efforts should be made to streamline the beneficiary identification process and address any issues related to coverage gaps.
2. Awareness and Outreach: Increasing awareness about the scheme and its benefits among farmers, especially those in remote areas, is crucial. Effective communication strategies and grassroots-level outreach programs can help bridge the awareness gap.
3. Strengthening Last-Mile Delivery: TimTimely and efficient disbursal of funds to farmers is essential to maximize the impact of the PM-Kisan scheme. Efforts should be made to improve the delivery mechanisms, including robust banking infrastructure in rural areas, effective coordination between various stakeholders, and leveraging technology to expedite the transfer of funds.
4. Strengthening Last-Mile Delivery: Timely and efficient delivery of the financial assistance to farmers is essential. The government should continue to invest in strengthening the infrastructure and systems required for seamless fund transfer, ensuring that farmers receive their installments without any delays.
5. Agricultural Reforms: While the PM-Kisan scheme provides much-needed income support, complementary agricultural reforms are necessary to address the structural challenges faced by farmers. Initiatives to improve access to credit, enhance market linkages, promote agri-infrastructure development, and encourage agricultural diversification will further amplify the impact of the scheme.
6. Monitoring and Evaluation: Regular monitoring and evaluation of the scheme’s implementation are vital to assess its effectiveness and identify areas for improvement. The government should continue to gather feedback from farmers and stakeholders and make necessary adjustments to enhance the scheme’s outcomes.
7. Climate Resilience: Climate change poses significant challenges to Indian agriculture. It is imperative to incorporate climate-resilient practices and technologies into the PM-Kisan scheme. Promoting sustainable farming methods, water conservation, and providing support for climate-smart agriculture can help farmers adapt to changing climatic conditions and mitigate risks.
PM-Kisan Scheme: Vision
The PM-Kisan scheme has transformed India's agricultural environment, providing direct income support to millions of farmers across the country. By augmenting their income and enhancing their financial stability, the scheme contributes to poverty alleviation, rural development, and agricultural growth. However, in order to maximise its impact, ongoing efforts to overcome difficulties relating to identification, outreach, delivery, and agricultural changes are required. By ensuring the welfare of farmers and empowering them with the necessary resources, the PM-Kisan scheme paves the way for a resilient and prosperous agricultural sector in India.
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