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Daily Current Affairs for UPSC

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

Syllabus: Government Policies and Interventions [GS Paper-2]

Context

Narendra Modi assuming the office of the second term of Prime Minister of India was sworn in on June 30, 2019. In his first important meeting, he declared that the instalment of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) worth Rs 20,000 crore would be provided to farmers of the country. Hence, this change is more than crucial for the agriculture sector among the other important sectors in the country.

What is PM-KISAN?

The PM-KISAN is the centralised scheme that is launched by the government of India where financial support that ranges from 2000 up to 4500 rupees per year is provided to the small and marginal farmers. The scheme was kicked off in December, 2018 and this is among the core social policies that the government  of Narendra Modi implemented. The overall idea of the scheme is to offer the farmers Rs 6,000 each year in equal proportions of Rs 2,000.

Objectives of PM-KISAN

The aim of implementing PM-KISAN is to ensure that farmers who fall in the category of small and marginal, receive a payment which would enhance their income-generating capacity and livelihoods. The scheme aims to achieve several objectives, including:

  • Financial Support: Since farmers are facing many expenses in the production of crops, come up with some assistance to compensate for the finances required by the farmers.
  • Income Enhancement: Help the farmers to create more income in that you give a farmer money that he will use in buying inputs for his produce or for his daily needs.
  • Poverty Reduction: Through giving farmers credit, this will reduce the level of poverty among farmers and therefore improve their standards of living.
  • Food Security: Make provision to guarantee availability, access, use, and stability of food and increase the volumes available for consumers by helping farmers to improve their agricultural yields.

How Does PM-KISAN Work?

The PM-KISAN scheme involves implementing a cash transfer that has to be financially replenished to the farmers in need. It is however being carried out through an online registration process that allows farmers to claim for financial support. This is an agricultural financing strategy, whereby funds are provided by the central government and disbursed straight to farmer’s bank accounts.

Impact of PM-KISAN on Farmers

This scheme has benefited the farmers of India in a great way through the implementation of the PM-KISAN scheme. The government has done well in ensuring that the scheme aids the farmers in increasing their income as well as lifting them from the socially and economically challenging life of poverty. Some of the key impacts of the scheme include:

  • Increased Income: This has in turn assisted in developing income generating activities among the farmers who have been given a financial boost that can either be used to expand their farm production or for basic needs.
  • Improved Livelihood: Farmers’ staple of living has been enhanced by the scheme in a way that has enhanced financial capability of providing better standards of living for the farmers.
  • Reduced Poverty: It has found relative poverty has decreased among farmers because it has arranged funds to support most farmers to raise their income.
  • Increased Agricultural Production: The scheme has also promoted production of crops in the farming areas whereby farmers are now in a position to develop the farms and enhance yields.

Impact of PM-KISAN on the Economy

The PM-KISAN scheme has also brought in lots of income to the economy of India. The scheme has helped to:

  • Boost Agricultural Growth: The scheme offers capital support to farmers and this has played a role in enhancing economic development of agriculture production.
  • Reduce Rural Poverty: First, the scheme has assisted in alleviating rural poverty by supporting the cxwho have had their welfare enhanced.
  • Increase Consumption: On the buying, the scheme has boosted the consumption of agricultural products since farmers receive financial support to boost consumption of agricultural produce.
  • Boost Economic Growth: The scheme has helped in the development of economic growth by addressing the challenge of sponsored finance to the farmers that has resulted in increased production of agriculture produce as well as productivity.

Conclusion

In conclusion, the PM-KISAN scheme is a significant initiative by the Narendra Modi-led government to support small and marginal farmers in India. The scheme has had a significant impact on farmers, improving their income and livelihood, and reducing poverty among them. The scheme has also had a positive impact on the economy, boosting agricultural growth, reducing rural poverty, increasing consumption, and boosting economic growth. As the scheme continues to evolve and expand, it is likely to have a lasting impact on the agricultural sector and the economy of India.

Source: Hindustan Times

UPSC Mains Practice Questions

Q. Evaluate the impact of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on small and marginal farmers in India. Has the scheme achieved its objectives? Discuss the challenges faced in the implementation of the PM-KISAN scheme. How can these challenges be addressed to ensure the scheme’s benefits reach the intended beneficiaries?

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