PM-KISAN Samman Nidhi
Pradhan Mantri Kisan Samman Nidhi Empowering Farmers: A Deep Dive into PM-KISAN Scheme
Overview of PM KISAN scheme
The Pradhan Mantri Kisan Samman Nidhi (PM KISAN) scheme, launched on 24th February 2019, stands as a beacon of support for the agricultural community of India. At its core, the scheme aims to bolster the financial stability of landholding farmers across the nation
Purpose of the scheme: To support financial needs of landholding farmers.
Details of PM KISAN Samman Nidhi
Date of launch: 24th February 2019.
Mode of transfer: Direct Benefit Transfer (DBT).
Financial benefit: Rs. 6000 per year.
Distribution: Three equal four-monthly instalments.
Financial Impact of PM KISAN Scheme
Since its inception, the PM-KISAN scheme has had a significant financial impact, with a total of Rs. 2.81 lakh crores being transferred through Direct Benefit Transfer (DBT) to more than 11 crores beneficiaries (farmers) across the country.
Benefits to Farmers
Financial Stability: How the Scheme Aids in Meeting Farmers' Financial Needs
Let’s dive into how the PM-KISAN scheme is bringing us some much-needed financial stability. Imagine this: you’re planning your next crop cycle, but you’re short on funds for seeds, fertilizers, and other essentials. That’s where PM-KISAN comes in!
With Rs. 6000 coming in every year, divided into three instalments, PM-KISAN ensures that we have some extra cash flow to cover these crucial expenses. Whether it’s investing in better seeds for a higher yield or repairing equipment to keep our farms running smoothly, this money makes a real difference in our day-to-day farming operations.
But it’s not just about the immediate needs. PM-KISAN provides a safety net for us during tough times, like when crops fail or prices drop.
Key Features of PM-KISAN Scheme
- PM Kisan is a Central Sector scheme with 100% funding from Government of India.
- Under the scheme an income support of 6,000/- per year in three equal instalments will be provided to all land holding farmer families.
- Definition of family for the scheme is husband, wife and minor children.
- State Government and UT administration will identify the farmer families which are eligible for support as per scheme guidelines.
- The fund will be directly transferred to the bank accounts of the beneficiaries.
- There are various Exclusion Categories for the scheme.
Exclusions from PM-KISAN Scheme(who are not eligible for this Scheme)
1. Institutional Land Holders
- Individuals or entities owning institutional land are not eligible for benefits under the PM-KISAN scheme.
2. Farmer Families Falling into Certain Categories
- Former and present holders of constitutional posts.
- Former and present Ministers/State Ministers and former/present Members of Lok Sabha/Rajya Sabha/State Legislative Assemblies/State Legislative Councils.
- Former and present Mayors of Municipal Corporations.
- Former and present Chairpersons of District Panchayats.
3. Serving or Retired Government Officers and Employees
- All serving or retired officers and employees of Central/State Government Ministries/Offices/Departments and its field units, Central or State PSEs, and Attached offices/Autonomous Institutions under the Government.
- Regular employees of Local Bodies, excluding Multi-Tasking Staff/Class IV/Group D employees.
4. Superannuated/Retired Pensioners
- Retired pensioners receiving a monthly pension of Rs. 10,000 or more (excluding Multi-Tasking Staff/Class IV/Group D employees) fall under the ineligible category.
5. Income Tax Payers
- Individuals who paid Income Tax in the last assessment year are not eligible for benefits under the PM-KISAN scheme.
6. Professionals
- Professionals such as Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and undertaking practices are excluded from receiving benefits under the scheme.
