Patna, Dec 7 (NationPress) The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) initiative, introduced by Prime Minister Narendra Modi in 2019, has emerged as a 'lifeline' for many farmers facing financial challenges.
Under this program, farmers receive an annual subsidy of Rs 6,000 directly deposited into their accounts. In the previous financial year, specifically 2022-23, a total of Rs 58,201.85 crore was distributed to eligible recipients.
Dilip Kumar Paswan, a resident of Madhubani district in Bihar, spoke with IANS and shared how his family's living conditions improved significantly after participating in this popular government welfare program.
Describing the benefits of the PM KISAN initiative, he stated: "Rs 6,000 is credited to our bank account each year from the central government. This provides us immense relief in our farming activities, as we utilize these funds to purchase seeds and fertilizers. Occasionally, it also assists us in navigating through financial emergencies."
"My family and I extend our gratitude to Prime Minister Narendra Modi for this initiative," he continued, suggesting that the annual assistance could be reviewed and increased based on the current market conditions.
It is important to note that many others like Dilip Paswan are also benefiting from the PM KISAN initiative.
The PM-KISAN is a central scheme aimed at offering financial support to all landholding farmer families across the nation.
Through this initiative, Rs 6,000 is allocated each year in three equal installments of Rs 2,000 directly to the Aadhaar-linked bank accounts of farmers.
To date, the government has allocated over Rs 2.60 lakh crore to more than 11 crore farmers.
In addition to PM-KISAN, the government has introduced several other initiatives designed to aid and enhance the lives of farmers.
These include the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY), Pradhan Mantri Fasal Bima Yojana (PMFBY), Interest Subvention Scheme (ISS), Agriculture Infrastructure Fund (AIF), Soil Health Card, Rashtriya Krishi Vikas Yojana (RKVY), and more.
