One such type of government scheme is PM Kisan Samman Nidhi Yojana which is a government initiative that offers financial support to poor farmers. On 1 December 2018, Prime Minister Narendra Modi made the inauguration.
The best reason for this scheme is to supplement income of small and marginal farmers to cover agricultural and household costs.
In the PM Kisan Samman Nidhi scheme:
Total assistance: ₹6,000 per year
Mode of payment Direct Benefit Transfer (DBT).
Number of installments: 3
Amount per installment: ₹2,000
Installments are made after every 4 months.
The payment of money is sent directly to the bank account of a farmer.
Provides regular financial support to farmers
Helps farmers manage farming-related expenses
Direct bank transfer ensures transparency
No involvement of middlemen
Supports small and marginal farmers
Improves farmers’ financial stability
To claim benefits of this scheme the farmer should satisfy the following conditions:
Must be an Indian citizen
Must be a small or marginal farmer
Farmer must own cultivable agricultural land
Bank account must be linked with Aadhaar
Farmer’s name should be recorded in land records
Income tax paying farmers
Government employees and pensioners
Professionals like doctors, engineers, lawyers and chartered accountants.
Institutional landholders
Persons holding constitutional posts
Bank Account Details / Passbook
Land Ownership Documents
Mobile Number
Identity Proof
Visit the official PM Kisan website
Click on “New Farmer Registration”
Enter Aadhaar number
Fill in personal and land details
Upload required documents
Submit the application form
Visit the nearest CSC (Common Service Center)
Contact the Agriculture Department Office
Apply through local Patwari or Lekhpal
Visit the PM Kisan portal
Click on “Beneficiary Status”
Enter Aadhaar number or Registration ID
View installment and payment status
In the process of being a beneficiary of the scheme, e-KYC is mandatory. It helps to:
Prevent fraudulent beneficiaries
Ensure timely payment of installments
Maintain accurate farmer records
e-KYC can either be performed over the internet or in a CSC.
The system is referred to as PM Kisan Samman Nidhi Yojana and is very helpful to the Indian farmers. The scheme can afford to give the farmers a certain economic cushion which is included in meeting the costs incurred in the agricultural sector, in addition to enhancing the living standards of the farmers. Registration and e-KYC should also be completed by registered farmers in advance thus enabling them to enjoy the benefits at all times.
The information provided in this blog is purely for general informational purposes only. While every effort has been made to ensure the accuracy, reliability and completeness of the content presented, we make no representations or warranties of any kind, express or implied, for the same.
We expressly disclaim any and all liability for any loss, damage or injury arising from or in connection with the use of or reliance on this information. This includes, but is not limited to, any direct, indirect, incidental, consequential or punitive damage.
Further, we reserve the right to make changes to the content at any time without prior notice. For specific advice tailored to your situation, we request you to get in touch with us.