The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana is a groundbreaking initiative launched by the Indian government to provide financial support to small and marginal farmers across the country. Introduced in February 2019, this scheme aims to uplift the farming community by offering direct monetary assistance.
Objective and Benefits
PM Kisan Yojana's primary goal is to enhance the income of farmers by providing them with financial aid. Eligible farmers receive ₹6,000 annually, distributed in three equal installments of ₹2,000 each. This money is directly transferred to the beneficiaries' bank accounts, ensuring a transparent and efficient process. The funds help farmers manage their agricultural expenses, such as purchasing seeds, fertilizers, and other essentials.
Eligibility Criteria
To benefit from PM Kisan Yojana, farmers must meet specific eligibility criteria. They must be Indian citizens who own cultivable land and are classified as small or marginal farmers. Retired individuals receiving a pension of ₹10,000 or more per month and those who have filed income tax returns are excluded from the scheme. Additionally, institutional landholders are not eligible. These criteria ensure that the support reaches the farmers who need it the most.
Application and Verification Process
Farmers can apply for the PM Kisan Yojana by visiting the official website (pmkisan.gov.in) and completing the registration process. They need to provide their Aadhaar number, bank account details, and other relevant information. The scheme requires eKYC (electronic Know Your Customer) verification, which can be completed online or at Common Service Centers (CSCs). Upon successful verification, farmers are added to the beneficiary list and begin receiving financial assistance.
Impact and Future Prospects
Since its inception, PM Kisan Yojana has disbursed over ₹3.46 lakh crore to approximately 9.8 crore farmers, significantly improving their financial stability. The scheme has been instrumental in reducing the financial burden on farmers and promoting sustainable agricultural practices. As the government continues to support the farming community, PM Kisan Yojana is expected to play a crucial role in achieving the goal of doubling farmers' income and ensuring food security for the nation.