Learn about the PM Kisan Scheme, providing ₹6,000 annual aid to small and marginal farmers in India. Get details on registration and benefits.
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What isthe Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan Scheme)?
The Pradhan Mantri Kisan Samman Nidhi Yojana, commonly known as the PM Kisan Scheme, is a flagship initiative launched by the Government of India in December 2018.
It provides financial assistance to small and marginal farmers nationwide, offering an annual income support of ₹6,000 per eligible farmer.
The scheme aims to alleviate farmers’ financial burdens and support their basic agricultural needs.
What is the objective of the PM Kisan Scheme?
The primary objective of the PM Kisan Scheme is to provide direct financial support to small and marginal farmers, helping them meet their agricultural requirements and improving their overall creditworthiness.
The scheme recognizes the crucial role of farmers in India’s economy.
It aims to reduce the developmental disparities between urban and rural areas by ensuring farmers have the financial resources to sustain and grow their operations.
What is the history behind the PM Kisan Scheme?
The PM-Kisan Scheme was modeled after the successful RB scheme implemented by the Government of Telangana in 2018.
This state-level scheme provided grants to farmers twice a year and was praised for its positive impact on agricultural investment.
Building on this success, the Indian government introduced the PM Kisan Scheme as a national program, with an initial annual budget of ₹75,000 crore.
The scheme has since expanded, with significant disbursements made directly to farmers’ farmers through Direct Benefit Transfer (DBT).
What are the key features of the PM Kisan Samman Nidhi Yojana?
- Income Support: The scheme provides ₹6,000 annually to each enrolled farm family, distributed in three equal installments of ₹2,000 every four months. These funds are flexible and can be used for any purpose, empowering farmers to allocate the money where it is needed.
- Government Funding: The PM Kisan Scheme is fully funded by the Ministry of Finance, Government of India. The scheme initially received an annual budget of ₹75,000 crore, and as of August 9, 2020, an additional ₹17,000 crore has been disbursed to beneficiaries.
- Local Identification: While the central government oversees the scheme, identifying eligible farmer families lies with local authorities. A farmer’s farmer is defined as a husband, wife, and children, and the identification process is conducted at the regional level to ensure accurate targeting of beneficiaries.
How can farmers register for the PM Kisan Scheme?
Eligible farmers can register for the PM Kisan Scheme through the official PM KISAN website.
To register, visit the website and click the “New Farmer Registration” link in “the Farmer’s Farmer’section.
Farmers must provide their Aadhaar card and other relevant details to complete the registration process.
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