A footstep towards Pradhan Mantri Kisan Samman Nidhi Yojna was rolled out on 24 February 2019 in Gorakhpur, UP. A central sector program that incorporates small and marginal farmers empowered in assistance of Rs 6,000 in a year in 3 installments deposited directly to their bank statement.
The big announcement shows up for farmers, PM KISAN Yojna, which came to be functional on 1st December 2018, marks the beginning of its 9th installment to be transferred. All the beneficiaries can review the transfer status through their mobile number or aadhar number linked with their bank account.
The three-installment span is April-July, August to November, and December to March. Through this union wants to give a stable hand to farmers and safeguard them from collapsing into the grips of moneylenders, consequently guaranteeing their continuation in farming activities.
This indirectly benefits farmers to maintain a foot distance from stumbling into the vicious cycle of debt trap directing to farmer suicides.
Numbers speak for themselves; statistics show that 3,16,06,711 farmers received the very first installment in December-March 2018-2019. This timing scheme intends to lower liquidity limitations for more than 9.5cr farmers.
He called for changes in Indian agriculture according to the demands of changing times. He lauded the farmers for record production during the pandemic and outlined the government’s measures to reduce their hardships during the difficult period. The Government ensured an uninterrupted supply of seeds, fertilizers, and access to markets. Urea was available throughout and when prices of DAP increased manifold in the international market, the government immediately arranged Rs 12,000 crore so that the load was not felt by the farmers.
The government has made the biggest ever purchase from farmers at MSP, be it Kharif or Rabi season. With this, about Rs, 1,70,000 crore have reached directly into the accounts of rice farmers, and Rs 85,000 crore have gone directly into the account of wheat farmers, he added.
The Prime Minister recalled that he had urged the farmers to increase the production of pulses, when there was a shortage in the country, a few years ago. As a result, there has been an increase of almost 50% in pulse production in the country in the last six years.
The National Edible Oil Mission-Oil Palm (NMEO-OP) was set up to achieve self-reliance in edible oil. “Today, when the country is remembering the Quit India Movement, on this historic day, this resolve fills us with new energy.
“Through the National Edible Oil Mission-Oil Palm mission, more than Rs 11,000 crore will be invested in the cooking oil ecosystem. The government will ensure that farmers get all the facilities, from quality seeds to technology.