Pm Kisan Samman Nidhi Yojana 2024

A government initiative in India called Pradhan Mantri Kisan Samman Nidhi provides farmers with basic income assistance of up to ₹6,000 annually. On February 1, 2019, Piyush Goyal made this announcement at the 2019 Interim Union Budget of India. Under the PM Kisan Samman Nidhi Yojana, Indian farmers receive financial support from Prime Minister Narendra Modi. Under the program, ₹6,000 is given to each farmer in three equal payments throughout the course of the year. Numerous crores of farmers have benefited thus far from the PM Kisan Yojana. The Pradhan Mantri Kisan Samman Nidhi Yojana seeks to assist agricultural households across the nation financially.To learn more about the PM Kisan Samman Nidhi Yojana, see the following article.

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Another name for the Pradhan Mantri Kisan Samman Nidhi Yojana (PMKSNY) is PM Kisan Yojana. The Indian government is in charge of implementing this program. All landholding farmer households in the nation with up to two hectares of cultivable land are eligible for financial help. December 2018 saw the introduction of the strategy.India’s government program, Pradhan Mantri Kisan Samman Nidhi, offers farmers a basic income assistance of up to ₹6,000 per year. This initiative was introduced by Piyush Goyal on February 1, 2019, as a part of India’s 2019 Interim Union Budget. Under the PM Kisan Samman Nidhi Yojana, Indian farmers can receive financial assistance from Prime Minister Narendra Modi. All farmers get ₹6,000 from the program in three installments over the course of the year. Numerous crores of farmers have benefited thus far from the PM Kisan Yojana. The Pradhan Mantri Kisan Samman Nidhi Yojana aims to provide agricultural households across the country with financial help.

PM KISAN SAMMAN NIDHI YOJANA OBJECTIVES

The goals of the Pradhan Mantri Kisan Samman Nidhi Yojana are as follows:

to provide all small and marginally landed farmer households in the nation with a minimum level of financial aid, provided that the land is cultivable.

to augment the financial requirements of impoverished farmers for the acquisition of diverse agricultural inputs, ensuring optimal crop health and yields, and for the procurement of inputs for activities associated with agriculture.

to raise consumption in rural areas around the nation.

to support the Indian government’s initiatives to quadruple farmer income.

Features of the PM Kisan Samman Nidhi Yojana

Income Support: The primary objective of the Pradhan Mantri Kisan Samman Nidhi Yojana is to provide farmers with a minimum income.

The yearly income of eligible farmer households is Rs. 6000, which is split into three equal installments every four months.

Flexibility in utilize: The beneficiaries’ options for how to utilize the money they receive under the plan are unspecified.

They are free to use it for whatever needs to be done.

Finances: The Indian government provides all of the funding for the PMKSNY initiative.

For this scheme, a reserve of Rs. 75,000 crore was initially established annually, and payments were made directly to the bank accounts of the recipients using DBT.

Identification Responsibility: While the Government of India is in responsibility of financing, State and Union Territory administrations are in charge of identifying beneficiaries. The eligibility of farmer families for the plan is determined by these governments; a family is defined as a husband, wife, and minor kid or children.

PM Kisan Samman Nidhi Yojana Eligibility.

Regardless of the size of their property, all small and marginal farmer households are eligible for the PM Kisan Samman Nidhi Yojana if they have cultivable land.

Because of the several exclusion criteria included in the Pradhan Mantri Kisan Samman Nidhi Yojana (PMKSNY), not all farmers are eligible to receive financial assistance from the program.

The PMKSNY is not available to the following categories of recipients:

Landowners with institutions

Farmer families can be found in any one of the following groups:

bearers of constitutional posts, both present and past.

Ministers and state ministers both past and present

Current and previous members of the Lok Sabha, Rajya Sabha, State Legislative Assemblies, and State Legislative Councils

Municipal Corporation mayors, both past and present

District Panchayat Chairpersons, both present and past

Any officers, either retired or still serving, who worked for State or Central Government Ministries, Departments, or Offices; their field units; State or Central PSEs; Attached Autonomous Institutions/Offices under Government; and regular employees of Local Bodies (apart from Multi-Tasking Staff/Group D/Class IV employees).

retirees who are retired or superannuated and get a pension of at least ₹10,000 per month (not include Multi-Tasking Staff, Group D, or Class IV employees).

Everyone who filed income taxes during the previous fiscal year Professionals such as engineers, architects, attorneys, surgeons, and chartered accountants are registered with professional bodies.

Benefits of PM Yojana Kisan Samman Nidhi

The following advantages are provided by the Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan Yojana):

All eligible farming households can get an annual income support of ₹6,000 under the PM Kisan Yojana. Every four months, the payment is made in three payments of ₹2,000.

By purchasing farm inputs, the PM Kisan Yojana seeks to supplement the financial needs of qualifying farmers. This can help farmers become better off financially and reduce their debt.

Poverty may be solved by farmers via the PM Kisan Yojana. It provides them with a steady stream of money. In this way, it helps farmers to improve their level of living and satisfy their basic necessities.

The PM Kisan Yojana can boost economic expansion by raising farmers’ disposable income. The market for products and services may grow as a result. This might also strengthen the economy’s other sectors.

PM-KISAN App

The National Informatics Centre, in collaboration with the Ministry of Electronics and Information Technology, developed the PM KISAN smartphone application.

On the first anniversary of the PM KISAN plan, it was made available.

This software allows farmers to check a history of bank account credits, update or amend their Aadhar cards, and monitor the status of their applications.

The PM Kisan Samman Nidhi Yojana Concerns

Tenant farmers and landless laborers are not included in the PM Kisan Samman Nidhi project.

The scheme’s grievance redressal process has to be organized more precisely.

In some states, a substantial number of eligible farmers must be covered by the system. For instance, fewer than 0.5% of the beneficiaries fall into the general category in states like Mizoram, Nagaland, and Karnataka.

Farmers contend that more money should be provided under this scheme to meet the price of family meals or agricultural inputs.

Implementing farmer-supporting programs like the PM Kisan Samman Nidhi Yojana has just started in a few states. Examples are the Krushak Assistance for Livelihood and Income Augmentation Scheme in Odisha, the Bhavantar Bhugtan Yojana in Madhya Pradesh, and the Rythu Bandhu Scheme in Telangana.

Even though the seventh installment of the PM KISAN project was implemented in West Bengal, it was a pan-Indian endeavor.

West Bengal got the first episode, which was the ninth installment, which was published in May 2021.