During its tenure, BJP has launched many schemes to benefit the farmers in India. Some of these schemes include benefits such as setting up the minimum selling price, cheap crop insurance and much more. Before the elections for next general assembly starts, PM Narendra Modi decided to launch a new scheme.
The name of this scheme is Pradhan Mantri Kisan Samman Yojana and this is popularly known as (PMKSY). Here are all the details about this scheme.
What is the scheme all about?
Under this scheme, the government plans to help the farmers by providing them with a certain amount of financial grant. The limit is set at Rs 6000 per year. The benefits will be given to the farmers with help of direct benefit transfer so that there is no leakage in the benefits given to the farmers. The basic idea behind launching the scheme remains to be the welfare of farmers.
How will the scheme work?
As per the information available, the farmers would have to apply for the scheme once and after the application is completed, the farmers will start getting the benefits. The benefits will be delivered to the farmers in three equal installments every year. The farmer must have a bank account to apply for the same. Other eligibility criteria are listed below.
The mode of application is not yet clear but it would be implemented at Village Level. Post submission of documents, they will be verified and the benefits will only be approved if the farmers will be eligible as per the eligibility criteria. It is known that the farmers would also have to declare the land area and they won’t be able to get the benefits if any of the farmers own over 2 acres of land.
What is the Eligibility criteria for the scheme?
The eligibility criteria for the scheme are
- The scheme is applicable only for the residents of India. The state of domicile is irrelevant.
- The scheme is applicable for the poor farmer and hence there would be some income-related criteria which haven’t been made public yet.
- The farmer should only own less than 2 acres of land to be applicable for availing the benefits of the scheme.
- The farmer must have a valid bank account as the money will be transferred directly to the bank account.
The detailed notification about the scheme has not been made available yet and hence there can be a change in criteria as well.
How to apply for the scheme?
The scheme was announced recently by the government and hence the application procedure is not yet available. We are expecting an official notification about the scheme soon which will basically talk about the details of the scheme along with the detailed application procedure and application criteria.
What are the benefits of the scheme?
The scheme basically offers monetary benefits to the farmer and these monetary benefits are of Rs 500 per month. As mentioned earlier, the benefits will be disbursed in three equal installments. The money can be used by the farmer during the harvest season or during the sowing season to purchase seeds, manure or pesticides. Overall, the money can be used to reduce the cost of production.
Who will back the plan?
The plan is being backed by the central government and they will be allocating the budget for the scheme.
Details of the scheme
- Scheme Name – Pradhan Mantri Kisan Samman Yojana
- Budget For scheme – Not Known
- Scheme Launched by – Mr Piyush Goyal
Is this the way forward for the nation?
This was all about Pradhan Mantri Kisan Samman Yojana. It must be noted that the farmers are really in need of some social reforms in India and the nation needs to work with them in order to lift their social status. These schemes may serve a short term goal but it is surely not a long term solution to the problem.
The government really needs to invest in technology to help the farmers instead of providing financial incentives during the elections. In our view, technology coupled with yearlong benefits could help in bringing back the agricultural sector to life.