Features of PM Kisan Samman Nidhi Yojana
Schemes like the PM Kisan Samman Nidhi Yojana or the Pradhan Mantri Dhanlaxmi Yojna offer a level playing field to the marginalised sections of the society, wherein the aforementioned schemes target the well-being of the farmers and young girls in the country.
1. Financial support
The most important feature of this scheme is that it provides regular financial support to eligible farmers of Rs. 6,000 annually. To help them better manage their finances, this allowance is not disbursed all at once. Instead, the money is paid out in instalments of Rs. 2,000 at intervals of 4 months.
The farmers can utilise the funds for their well-being. There is no restriction on where the farmers can use the money. Therefore, there is no mandate that a beneficiary must use the funds for agriculture-related expenses.
2. Availability of loans
The PM Kisan Samman Nidhi Yojana also offers short-term loans to farmers, which they can avail of using their Kisan credit card. The farmers can avail of loans up to Rs. 3 lakh without offering any collateral. These loans are provided at a cheaper interest rate and give the beneficiaries flexible options for the repayment of the loan.
3. Identification of farmers
While the central government disburses funds to farmers, state or Union Territory governments are responsible for identifying eligible beneficiaries. Under the scheme, a family is defined as constituting a husband, wife, and minor children.
Also read: NPS Scheme
Benefits of Pradhan Mantri Kisan Samman Nidhi Yojana
The primary advantage of the scheme is the direct funds transfer, which eases the liquidity constraints of farmers. One of the marquee events related to the programme was when a sum of Rs. 18,000 crore was sent out to 9 crore farmers directly to their bank accounts on December 25, 2020.
Eligibility
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All farmer families with cultivable land, irrespective of landholding size
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Annual Support
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Rs. 6,000
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Installment Amount
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Rs. 2,000
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Installment Frequency
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3 installments per year
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Payment Periods
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April-July, August-November, December-March
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This happened in the presence of the Indian Prime Minister Narendra Modi.
Since the programme is carried out digitally, all the farmers’ records are registered on a digital medium, making the process of registration and funds transfer seamless. Digital record keeping has set a new milestone for government-initiated welfare schemes.
The programme also marks a gigantic step towards the modernisation of Indian agriculture, which has been plagued with old-age techniques and low pay-outs for years.
Application process for PM-Kisan yojana
Step 1: Ensure you have the following prerequisites ready:
- Aadhaar Card
- Landholding documents
- Savings bank account details
Step 2: The VLE (Village Level Entrepreneur) will enter the farmer's registration information, including state, district, sub-district block, village, Aadhaar number, beneficiary name, category, bank details, Land Registration ID, and date of birth as per the Aadhaar card for verification.
Step 3: The VLE will input land details such as Survey/Kahta Number, Khasra Number, and land area as stated in the landholding documents.
Step 4: Upload the required supporting documents, including landholding papers, Aadhaar card, and bank passbook.
Step 5: Accept the self-declaration and save the application form.
Step 6: After saving the form, proceed to make the payment using the CSC ID.
Step 7: Verify the beneficiary status using the Aadhaar number.
PM Kisan Samman Nidhi eligibility criteria
To qualify for PMKSNY, a person should be:
- A citizen of India
- A small or marginal farmer
- Family owning cultivable farmland
Farmers belonging to both urban and rural regions can register for the PM Kisan Samman Nidhi Yojana.
However, there are also some limitations to who can apply for it. Let us now understand them. People falling in the following categories do not qualify for PMKSNY:
- Institutional landholder
- Any retiree who draws a pension of Rs. 10,000 or more every month
- Individuals who have filed for income tax in the previous year
- Families with any member fulfilling any of the following criteria:
- Holding or previously held a constitutional post
- Currently or previously served in any ministry/department/office of the government
- Were a part of any Public Sector Undertaking under the state or centre
- Former or current members of the Lok Sabha/Rajya Sabha/State Legislative Assembly/State Legislative Councils
- Former or current chairperson of a Panchayat
- Former or current mayor of any of the Municipal corporation
- Is in the professional field as a doctor, an engineer, a CA, a lawyer, or an architect
Also read: What is Sukanya Samriddhi Yojana
How to check the beneficiary status of the PM Kisan Scheme
The Government of India disburses an annual income support of Rs. 6,000 under the PM Kisan Samman Nidhi Yojana, paid in three installments. If a registered farmer has not received the payment as scheduled, they can check their PM Kisan status online.
Here is how to do it:
Step 1: Visit the official PMKSNY website.
Step 2: Click on the "Beneficiary Status" option under the Farmer’s Corner section.
Step 3: Enter your Aadhaar number, registered mobile number, or account number.
After entering any of the above details, you can view the status of your payment.
Additionally, you can check if your name is listed in your village's Beneficiary List for the scheme online. To do this, follow these steps:
Step 1: Click on the "List of Beneficiaries" tab under Farmer’s Corner.
Step 2: Select your State, District, Sub-district, Block, and Village, then click on "Get Report."
You will then be able to view the Pradhan Mantri Kisan Samman Nidhi Yojana list for your village. This information is crucial for those interested in checking their status under the scheme. If you haven't registered yet, you can do so to receive the next Rs. 2,000 installment.
Documents needed to register for the PM Kisan Samman Nidhi Yojana
To apply as a beneficiary under the PM Kisan Samman Nidhi Yojana, individuals must submit the following documents:
- Aadhaar Card
- Proof of citizenship
- Documents verifying land ownership
- Bank account details
For online registration, scanned copies of these documents are required.
Note: Possessing an Aadhaar Card is mandatory to receive benefits under the PM-Kisan scheme. Farmers without an Aadhaar Card are not eligible to register or enroll as beneficiaries in this scheme.
Conclusion
The Pradhan Mantri Kisan Samman Nidhi Yojana represents a pivotal step towards addressing the financial struggles of small and marginal farmers in India. By providing regular financial assistance, facilitating access to loans, and leveraging digital platforms for efficient implementation, the scheme not only eases liquidity constraints but also promotes agricultural modernisation. With its direct fund transfers and extensive coverage, PM Kisan Samman Nidhi Yojana embodies the government's commitment to inclusive growth and the welfare of millions of farmers, marking a significant milestone in uplifting rural livelihoods and enhancing the nation's agrarian economy.
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