The PM Kisan scheme was launched on 1 December 2018 with the main aim of increasing the income of Small and Marginal Farmers (SMFs). Under the scheme, financial aid is provided to SMFs for the purchase of inputs that are required for crop health.
Initially, Rs.75,000 crore was provided by the scheme to over 9.9 crore farmers. In August 2020, Rs.17,000 crore was transferred by the Prime Minister of India to 8.5 crore farmers. The money was transferred directly into the beneficiary’s bank account.
The main features of the PM Kisan scheme are mentioned below:
The exclusions of the scheme are mentioned below:
The registration process is simple and can be completed online. Individuals will need to visit https://pmkisan.gov.in/registrationform.aspx and provide the Aadhaar number and captcha to view the registration form. The registration process can be completed by filling in the relevant details and submitting the form.
Individuals who have applied for the scheme can check if they have made the list. The step-by-step procedure to check the beneficiary list is mentioned below:
The Government of India offers the Kisan Credit Card (KCC) scheme to help farmers against high-interest rates that are levied by money lenders. The rate of interest is low and the repayment tenure is based on the marketing season of the crop.
Yes, it is mandatory for the beneficiary to provide the bank account details.
Yes, the benefit will be credited directly into the bank account of the beneficiary.
Yes, it is compulsory for the beneficiary to provide his/her Aadhaar details.
No, individuals or family farmers owning more than 2 hectare of land will not be eligible for the benefits under the scheme.
No, individuals who do not own any land will not be eligible for the benefits under the scheme.
Farmers will be soon getting their 10th instalment of the Pradhan Mantri Kisan Samman Nidhi Yojana. According to reports, the central government will be doubling the amount farmers will be entitled to. The beneficiaries might get Rs.4,000 which was previously Rs.2,000.
In addition to the 10th instalment, farmers will also have three other benefits. The PM Kisan Credit Card will now be linked to the PM Kisan Scheme so that farmers can take loans at affordable interest rates. Beneficiaries in Pradhan Mantri Kisan Samman Nidhi Yojana will be registered in PM Kisan Maandhan Yojana.
Under this scheme, farmers will get a minimum pension of Rs.3,000 per month after they attain 60 years of age. Furthermore, the central government will be issuing PM Kisan ID Cards that will provide updates of new schemes to the farmers.
18 November 2021
The eight installments of over Rs.20,000 crore for more than 9.5 crore farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme by the Government of India.
Narendra Singh Tomar, the Agriculture Minister of India informed that West Bengal has also joined the scheme which will help them provide benefits to more than 7 lakh farmers in the state.
As per the scheme, 14 crore farmers will be provided Rs.6,000 each in three equal installments per year.
17 May 2021
According to Union Defense Minister, Rajnath Singh, the central government will include fishermen under the PM Kisan Samman Nidhi Scheme. The government will be transferring Rs.6,000 per year to fishermen all over the country.
29 March 2021
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