Agricultural Subsidy: PM KISAN Samman Nidhi Yojana

26 May, 2020

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a scheme with 100% funding from the Government of India. The amount can be availed by husband, wife or minor children and is directly transferred in the bank accounts of the beneficiaries. Under the scheme, income support of Rs 6,000 per year is provided to all farmer families across the country in three equal instalments of Rs 2,000 each, every four months.

Piyush Goyal revealed the initiative during India's Interim Union Budget 2019, on 1st February 2029. The scheme will cost Rs 75,000 crore per annum, and it came into effect in December 2018.

History

The scheme being the initiative of the state of Telangana as Rythu Bandhu Scheme motivated Govt. of India to implement the same programme across the country. 

Further, the scheme was launched by Prime Minister Narendra Modi on 24th February 2019 in Gorakhpur, Uttar Pradesh. The programme was launched by transferring the first instalment of Rs 2,000 each to more than one crore farmers. 

Objectives

The PM-KISAN scheme aims to support the Small and Marginal Farmers' financial needs. It provides inputs to ensure crop health and yields, in line with the planned farm income at the end of each crop cycle.

It will prevent them from falling into the clutches of moneylenders to meet these expenses and ensuring their continuity in the farming activities.
 

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Who Are Eligible For The Scheme?

• Landholding farmers’ families with cultivable landholding in their names.
• Farmers residing in urban as well as rural areas.
• Small and marginal farmers or farmer families.

Who Are Not Eligible For The Scheme?

• Institutional landholders.
• Present/retired officers and employees of state/central government and PSUs and autonomous government bodies.
• Beneficiaries with higher economic status.
• Income taxpayers.
• Farmer families holding constitutional posts.
• Professionals like Doctors, Engineers, Chartered Accountants, Architects, and lawyers.
• Retired pensioners whose monthly pension is Rs 10,000 or more.

How To Register For The Scheme?

• Farmers have to approach the patwari or a nodal officer.
• The Common Service Centres (CSCs) are authorized for registration of the farmers for the Scheme upon payment of fees.

Document Requirement

• Aadhaar Card (mandatory).
• Citizenship Certificate.
• Landholding Papers.
• Bank Account Details.

PM KISAN Yojana’s Official Website

On the official website of PM Kisan Samman Nidhi Yojana - pmkisan.gov.in, a section called the 'farmers' corner' helps the farmers to register themselves for the scheme. Here, farmers can edit the name in PM-Kisan database and see the status of their payment.
 

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