Page 102 - Putting Farmers First

FINANCIAL SECURITY

All the above initiatives, in some way
or the other, look to boost the financial
security of farmers. However, one of
the most important steps taken to
secure farmers is the PM-KISAN (Kisan
Samman Nidhi) programme.

Under this initiative, every year, the
Modi government transfers Rs 6,000
directly to the bank accounts of crores
of farmers. This is an income that
farmers can surely count on, every year.
This could be used to buy agricultural
inputs or for any other needs that arise –
by putting money in the farmer’s hands,
the government has also provided
the freedom to use this money as the
farmer sees fit.

Further, the direct transfer of this
amount to their bank accounts ensures
there is no chance of leakages or
exploitation. During the Coronavirus
pandemic, PM-KISAN payments helped
the government reach out to farmers
and allay fears of economic disruption.

The government also launched a
pension scheme for farmers which
offers financial security in their later
years at a very minimal premium.

95 | Putting Farmers First