PM Kisan is a unique food distribution network that will help farmers in central India become more self-reliant. Aamir Khan and his wife Kiran Rao founded PM Kisan to help Indian farmers. The network will serve as a platform for farmers to sell their produce directly to consumers, bypassing intermediaries and thereby reducing costs and improving quality. PM Kisan is already up and running in eight states in India and has helped over 1,500 farmers achieve greater independence and prosperity. With the help of PM Kisan, Indian farmers can finally break the cycle of poverty and hunger.
PM Kisan: What is it?
PM Kisan, the flagship scheme of the Narendra Modi-led government, is a massive scheme that aims to benefit farmers in central India. The plan will provide a minimum income of Rs 12,000 per month to farmers who are landless and marginal.
The scheme will also provide insurance coverage for crops and livestock, credit assistance, and pension benefits to eligible farmers. PM Kisan will benefit around 36 crore farmers in central India.
Farmers in central India can expect significant benefits from PM Kisan. Under the scheme, they can access insurance coverage for their crops and livestock, which will help reduce losses due to natural disasters. They will also be able to receive credit assistance and pension benefits from the government, which will boost their livelihoods significantly.
How PM Kisan works
Prime Minister Narendra Modi’s flagship scheme, Pradhan Mantri Kisan Samman Nidhi (PMKSN), will benefit farmers in the central Indian state of Madhya Pradesh. PMKSN aims to provide crop insurance, loan waiver schemes, and other benefits to eligible farmers.
Under PMKSN, the government will provide crop insurance cover of up to Rs 1 lakh per acre for crops worth up to Rs 5 lakh per acre. The loan waiver scheme will cover loans up to Rs 2 lakh available only for small and marginal farmers. The government also offers interest subsidies on loans of up to Rs 2 lakh for crops worth more than Rs 5 lakh.
We can expect that PMKSNpect has benefited around 39 million farmers in Madhya Pradesh. In addition to providing financial assistance, the scheme will help boost agriculture production and address various issues faced by small and marginal farmers, such as agricultural indebtedness, lack of access to credit, and poor marketing opportunities.
Benefits of PM Kisan for farmers
PM Kisan will benefit farmers in Central India in several ways.
For one, the scheme will provide direct financial assistance to farmers, who can use the money to purchase inputs such as seeds and fertilizers. It will help them boost their productivity and improve their livelihoods.
A second objective of PM Kisan is to strengthen smallholder farmers’ capacity to compete with larger, more capital-intensive farms. The program will provide training and support in crop management, marketing, and irrigation systems. It will help them become more productive and prosperous business owners.
Lastly, PM Kisan will promote environmental sustainability by encouraging farmers to adopt sustainable agricultural practices such as the conservation of soil nutrients, water usage efficiency, and watershed protection. It will protect the environment and help them use our resources efficiently and sustainably.
How to apply for PM Kisan
Suppose you are a farmer in central India and want to avail yourself of the benefits of Prime Minister Narendra Modi’s flagship program, Pradhan Mantri Kisan Samman Nidhi (PMKSN). In that case, you will need to first register with the government. Once registered, you will need to submit an application form which you can download from the PMKSN website.
After submitting your application, it will undergo verification before being approved or rejected. An award notification will be sent to you if your application is accepted. You will also be required to pay any applicable taxes before receiving your PMKSN money.
How will the scheme be funded?
The Pradhan Mantri Fasal Bima Yojana, also famous as the PM Kisan scheme, is a government-led agricultural subsidy program providing financial assistance to small and marginal farmers through crop loans. They will implement it in five phases, with an initial outlay of Rs 48,000 crore.
The PM Kisan scheme’s first phase will relieve wheat and rice growers. This phase will involve loans of Rs 2 lakh and Rs 5 lakh, respectively. The second phase will focus on cotton farmers and provide relief from crop loans up to Rs 2 crore. The third phase targets dairy farmers and includes support for loan waivers up to Rs 1 crore and extension of credit up to Rs 3 crore. The fourth phase targets other crops, such as sugarcane, maize, and castor oil seeds, while the fifth and final phase covers all other agricultural sectors.
They will raise funds for the PM Kisan scheme through a combination of central and state subsidies. The central government plans to contribute 50% of the total budgeted cost, while we can expect that state governments will chip in 30% each.
PM Kisan will benefit farmers in Central India by consolidating and modernizing the country’s agricultural sector. The project will improve infrastructure, increase production, and promote innovation in agriculture. We can expect that PM Kisan will create more than 2 million jobs during construction and generate over $12 billion in economic activity.