Pradhan Mantri Kisan Samman Nidhi Yojana: A Complete Guide

The Union government has introduced a new income assistance scheme called Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). The scheme grants every family with no more than two hectares of cultivable land Rs 6,000 annually via direct benefit transfer. It has a financial commitment of Rs 75,000 crore per year and is anticipated to cover 12 crore small and marginal farmers.

All farming households who own land receive an annual financial benefit of Rs. 6000 under the PM-KISAN Yojana scheme. This amount is due every four months in three equal instalments of Rs. 2000 each. 

Urban and rural cultivable land are treated equally under the scheme. It is so that both can benefit from the scheme, provided that the land in urban areas is used for farming. Additionally, the scheme does not cover agricultural land used for non-agricultural reasons.

The Objective of PM Kisan Yojana

Farmers are one of the most critical segments of society, and agriculture is a significant component of India's economy. However, the socioeconomic disparities between the country's urban and rural parts have repeatedly prevented farming communities from experiencing financial prosperity. Since India's independence, a more significant portion of its population has been affected by this disparity.  

The federal and state governments have worked tirelessly to improve these neighbourhoods through several schemes designed to address this social and economic issue. The Indian Government started the PM Kisan Samman Nidhi Yojana in 2018 to aid these villages. 

The sixth instalment of this programme was made available on August 9th, 2020, and about 8.5 crore farmers received it. According to its goals, this project attempts to assist about 125 million farmers in India, mainly marginal or small-scale farmers.

How Did the Scheme Come Into Effect?

In 2018, the Telangana government initiated the Ryuthu Bandhu scheme. As part of the scheme, the state government distributed a set amount twice to support a farmer's agricultural investment. This initiative's direct advantages for farmers were widely acknowledged and praised. 

The Indian government followed suit and introduced a comparable Farmer's Investment Support Scheme to provide money to farmers around the country. On December 1, 2018, the Pradhan Mantri Kisan Samman Nidhi Yojana went into force. According to the Government's first declaration, this programme will receive Rs. 75000 crore per year.

Features of PM Kisan Samman Nidhi Yojana

Some of the crucial components of this plan are highlighted in the bullet points below: 

• Income Support  

The key benefit that this Yojana offers to farmers is minimal income assistance. Every qualifying farmer family in India is entitled to a yearly payment of Rs. 6000. The money isn't given out all at once, though.  

Instead, it is divided into three equal payments spaced four months apart. Thus, each farmer gets Rs. 2000 every four months. Beneficiaries may use this sum in a variety of ways. Pradhan the Mantri Kisan Samman No usage restriction is expressly defined in the Nidhi Yojana criteria.

• Financial Funding

It is a farmer support programme supported by the Indian Government. As a result, all of its funding comes from the Indian Government. It was originally said that this project would get an annual reserve of Rs. 75,000 crore.  

On August 9, 2020, it used Direct Benefit Transfer, or DBT, to deposit the most recent instalment of Rs. 17,000 crore into the bank accounts of the scheme's beneficiaries.

• Responsible Assistance

The GOI is in charge of funding, but it is not in charge of determining who will receive the money. Instead, the State and Union Territory administrations are in charge of it. 

These governments will decide which farming families will receive assistance under the programme. It is important to note that a farmer's family must consist of a husband, wife, and small kid or children per the PM Kisan Samman Nidhi Yojana definition.

Eligibility for the PM Kisan Scheme

The qualifying requirements for this government scheme are one of its most essential aspects. Farmer households who meet these requirements can take advantage of this Yojana:  

Farmer families with cultivable land may apply for the advantages of this scheme, and small and marginal farmers are eligible. The recipient must be an Indian national. 

In addition, farmers from urban and rural areas may apply to join the Pradhanmantri Kisan Samman Nidhi Yojana. However, according to its rules, some groups of people are not eligible for benefits.

Exclusions from PMKSNY Scheme 

Not all farmers are eligible for financial support under the PM Kisan scheme. Below, we've listed some groups of people: 

1. This initiative is ineligible for institutional landowners. 
2. Families of farmers who have one or more members who meet the following requirements are also ineligible:

• People who have held constitutional positions in the past or present.
• Persons currently serving or have previously served in any government ministry, department, office, or field unit. 
• People who served as officers or employees in any Central or State Public Sector Undertaking (PSU) and Autonomous bodies under the Government. 
• Employees of local governmental bodies. 
• Ministers in both the central and state governments, present and past.  
• Members of the Lok and Rajya Sabha, both current and past.  
• Members of the State Legislative Assembly and State Legislative Councils, both current and past. 
• Present or former Chairperson of District Panchayat. 
• Present and Former Mayor of any Municipal Corporation.

1. The PMKSNY scheme is not available to anyone or their family who submitted income taxes in the preceding Assessment Year (AY).
2. The scheme is not available to those who have retired or reached retirement age and receive a monthly pension of Rs. 10,000 or more. It does not apply if the pensioner is a member of a multitasking team, a Class IV employee, or a Group D employee.
3. Families with professionals in their respective specialities, such as doctors, engineers, chartered accountants, lawyers, and architects, are also disqualified from this scheme.

Steps to Register for the PM Kisan Samman Nidhi Yojana

People who meet the requirements for this scheme, as stated above, can register themselves as beneficiaries in the following ways:

• People can approach Nodal officials for PMKSNY to sign up for this scheme. 
• Farmers can also register by going to their local patwaris or tax officers or paying a fee to the Common Service Centres (CSCs). 

In addition, people can register for the Pradhan Mantri Kisan Samman Nidhi Yojana online through the registered portal. 

Documents Required to Register

Individuals must submit the following paperwork to apply to be a beneficiary of this scheme:

• Aadhaar Card
• Proof of Citizenship
• Documents attesting ownership of land
• Details of bank account

Beneficiary Status of PM Kisan Scheme

As previously noted, the Government of India (GOI) pays the yearly minimum income assistance amount of Rs. 6000 in three instalments. If a farmer enrolled in the scheme did not receive the expected money, they could check the online status of the Kisan Samman Nidhi Yojana.

Here are the steps to do so – 

Step 1: Go to the official PMKSNY website.

Step 2: Under Farmer's Corner, select "Beneficiary Status".

Step 3: Type in your Aadhaar, registered mobile, or account number. 

Next, in the Farmer's Corner, select the 'List of Beneficiaries' tab.'

Step 4: Click Get Report after selecting the State, the District and Sub-District, the Block, and the Village.

Conclusion

The Indian government's PM Kisan Samman Nidhi Yojana fosters agricultural growth and has become recognised as a vital scheme for assisting and uplifting small and marginal farmers all around the nation. The scheme's widespread coverage and goal of direct income support  seeks to improve farmers' economic well-being, improve their way of life, and foster agricultural growth. The PM-Kisan Scheme is aimed at farmers' welfare, empowerment, and the expansion of India's agricultural industry.

FAQs

1. What advantages does the PM-KISAN scheme offer?

All landholding farmer families will receive a financial benefit of Rs. 6000 per year, payable in three equal amounts of Rs. 2000 each, every four months, under the PM-KISAN scheme.

2. How often will the benefit be provided during the year?

All landholding farmer families will receive a financial benefit of Rs. 6000 per year, payable in three equal amounts of Rs. 200 each, every four months, under the PM-Kisan scheme. According to the plan, the first instalment is due between January 1, 2018, and March 31, 2019; the second instalment is due between January 1, 2019, and July 31, 2019; the third instalment is due between January 1, 2019, and November 30, 2019, and so on.

3. What will happen if the recipient provides a false declaration when the Scheme is implemented?

In the event of an inaccurate declaration, the beneficiary may be subject to further legal penalties, including recovering the transferred financial benefit.

4. Is a farmer who pays income tax or their spouse eligible to benefit from the programme?

No. The family is not eligible for benefits under the scheme if even one member paid income tax in the most recent assessment year.

5. Is any person or farmer who cultivates land owned by their father or ancestors but does not have a land holding in their name entitled to receive benefits under the Scheme? 

No. The individual must own the property. They will be eligible if the land ownership has been transferred into their name due to succession.