Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme

Launched in December 2018, the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme aims to provide financial support to farmers across India.

Scheme Overview

Features

Direct Benefit Transfer: The scheme offers direct financial assistance to farmers through Direct Benefit Transfer (DBT) to ensure transparency and quick fund disbursement.

Income Support:Eligible farmers receive ₹6,000 annually in three equal installments of ₹2,000 each, directly credited to their bank accounts.

Eligibility Criteria: Small farmers with cultivable land eligible; excludes institutional landholders, constitutional post holders, income taxpayers.

Nationwide Coverage: The scheme covers farmers across all states and union territories in India.

Benefits

Financial Stability: Provides a steady income source to small and marginal farmers, helping them manage their agricultural activities and household expenses.

Poverty Alleviation: Aims to uplift the rural agricultural community by reducing poverty and financial distress.

Boosts Agricultural Sector: Enables farmers to invest in better seeds, fertilizers, and other inputs, thereby increasing agricultural productivity.

Promotes Inclusivity: Ensures that even the smallest landholders receive financial aid, promoting inclusivity within the agricultural sector.

Drawbacks

Tenant farmers who do not own land are not covered under this scheme, leaving a significant portion of the farming community without support.

Application Process

Visit website : https://pmkisan.gov.in/

Registration: Farmers need to register for the scheme at the Common Service Centers (CSCs) or through the PM-KISAN portal.

Document Submission: Required documents include land ownership records, Aadhaar card, bank account details, and income certificate.

Verification: Submitted applications are verified by the respective state governments to ensure eligibility.

Approval and Disbursement: Once verified and approved, the financial assistance is directly transferred to the farmer's bank account.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme is a commendable initiative by the Indian government to support small and marginal farmers financially.

Conclusion

To learn more about Pradhan Mantri Kisan Samman Nidhi Scheme, click the link below .