Pradhan Mantri Kisan Samman Nidhi (PM KISAN)

Pradhan Mantri Kisan Samman Nidhi is a central sector scheme under the government of India which provides income support to the farmers and their families. Read all about PM KISAN in this article.

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PM Modi Approves PM-KISAN Nidhi Instalment

The Prime Minister recently distributed the 17th instalment of the Pradhan Mantri Kisan Nidhi (PM-KISAN) Yojana, totalling 20,000 crore to 9.3 crore farmers. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, Prime Minister Narendra Modi’s initial act in his third consecutive term is the sanctioning of the 17th instalment. The move, benefitting 9.3 crore farmers, involves a disbursement of approximately Rs 20,000 crore. Launched in 2019, PM-KISAN aids farmers with Rs 6,000 annually, distributed in three equal instalments.

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

The Indian government’s PM Kisan Yojana central sector programme offers income support to farmers and their families. The Telangana government initially operated the PM-KISAN programme as the Rythu Bandhu programme, which gave qualified farmers a set sum of money in cash. Piyush Goyal later declared the implementation of Pradhan Mantri Kisan Samman Nidhi (PM KISAN) as a national project during the 2019 Interim Union Budget of India on February 1st.

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
About The Scheme	PM-KISAN is a central sector scheme launched in 2019 to supplement the financial needs of land-holding farmers through direct benefit transfer (DBT).
Financing	The scheme receives 100% of its financing from the central government.
Benefit	Under the Scheme, an amount of Rs. 6000/- is transferred annually in three equal installments of Rs.2000/- directly into the Aadhaar Seeded bank accounts of the farmers.
Identification	The State Governments and Union Territory administrations are responsible for identifying eligible farmer families based on the scheme guidelines.

Objectives of PM KISAN Nidhi

To provide income support to all eligible land-holding farmers and their families.
To supplement the financial needs of the farmers in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income.

Eligibility for Pradhan Mantri Kisan Samman Nidhi

Regardless of the size of the land, all small and marginal farmer households who own cultivable land are eligible for the PM Kisan Samman Nidhi Yojana.

Definition of Family

The definition of family for the scheme is husband, wife, and minor children.

Exclusion Categories of PM KISAN Nidhi

There are various exclusion categories for the Pradhan Mantri Kisan Samman Nidhi Yojana (PMKSNY), hence not all farmers are qualified for financial aid under the programme. Beneficiaries in the following groups are not eligible for the PMKSNY:

Institutional landholders
Farmer families belonging to one or more of the following categories:
Present and former holders of constitutional posts
Former and present ministers/state ministers
Present and former members of Rajya Sabha/State Legislative Assemblies/Lok Sabha/State Legislative Councils
Former and present Mayors of Municipal Corporations
Present and former Chairpersons of District Panchayats
All officers and employees of State and Central Government Ministries, Departments, and Offices, as well as their field units, as well as State and Central PSEs and Attached Autonomous Institutions/Offices under Government, as well as regular employees of Local Bodies (with the exception of Multi-Tasking Staff/Group D/Class IV employees)
Every retired or superannuated pensioner receiving a monthly pension of at least 10,000 Japanese Yen (excluding members of the Multi-Tasking Staff, Group D, and Class IV personnel of the aforementioned categories);
Every person who paid income taxes in the most recent AY.
By engaging in practices, professionals like engineers, architects, lawyers, surgeons, and chartered accountants who are members of professional bodies carry out their professions.

Read about: Pradhan Mantri Fasal Bima Yojana

Features of Pradhan Mantri Kisan Samman Nidhi

Income Support: The Pradhan Mantri Kisan Samman Nidhi Yojana’s main component is the guarantee of a minimum income for farmers. Three equal instalments of Rs. 6000 are given to eligible farming families every four months.
Usage Flexibility: Beneficiaries are free to use the money they receive as part of the programme however they see fit. They are free to utilise it any way they see fit and for any number of things.
Funding: The Indian government provides all of the funding for the PMKSNY programme. Initially, this initiative was given a reserve of Rs. 75,000 crore per year, with direct transfers made through DBT to the beneficiaries’ bank accounts.
Identification Responsibility: The State and Union Territory administrations are in charge of identifying the recipients, and the Government of India is in charge of providing the funding. In order to be eligible for the programme, farmer families must consist of a husband, wife, and minor child or children, as determined by these governments.

Advantages of Pradhan Mantri Kisan Samman Nidhi

DBT: The direct transfer of funds is one of the biggest advantages of this scheme which eliminates intermediaries.
Great coverage: The scheme covers all farmer families in the country irrespective of the size of their land holdings.
Digitization: All the records related to farmers are registered officially on a digital platform which has made the registration and fund transfer easy.
Liquidity to farmers: This scheme eases liquidity constraints of farmers. It enables farmers to take care of expenses related to agriculture and allied activities as well as domestic needs.

Pradhan Mantri Kisan Samman Nidhi Issues

Tenant farmers and landless agricultural labourers are not included in the PM Kisan Samman Nidhi programme.
The grievance redressal procedure in the scheme needs a clearer framework.
The programme must encompass a large number of eligible farmers in multiple states. For instance, less than 0.5% of beneficiaries fall under the general category in states like Karnataka, Nagaland, and Mizoram.
Farmers complain that the amount offered under this programme needs to be increased in order to cover the cost of farming inputs or the needs of the family for food.

The seventh installment of the PM KISAN programme, despite being a pan-Indian programme, was executed in West Bengal. West Bengal received its first installment in the ninth installment, which was published in May 2021. Only a few states have started putting similar initiatives to the PM Kisan Samman Nidhi Yojana into place to aid farmers. For instance, the Krushak Assistance for Livelihood and Income Augmentation plan of Odisha, the Bhavantar Bhugtan Yojana of Madhya Pradesh, and the Rythu Bandhu plan of Telangana.

PrM KISAN Nidhi FAQs

What is the PM Kisan samman Nidhi Yojana?

The objective of the Pradhan Mantri Kisan Samman Nidhi Yojana is to offer income support to farmer families throughout the country. Under this scheme, eligible farmer families receive ₹6,000 per year, distributed in three equal instalments.

What is PM-KISAN Nidhi scheme?

Under the Scheme an income support of Rs. 6000/- per year is provided to all farmer families across the country in three equal installments of Rs. 2000/- each every four months. Definition of family for the Scheme is husband, wife and minor children.

What is the benefit of PM Kisan samman Nidhi Yojana?

It helps many farmers by giving them 2,000 rupees each year in three parts. The main goal is to give money to farmers for their farming expenses. If a farmer meets the requirements, they receive 6,000 rupees annually for their farming land, up to 2 hectares.

Who is eligible for PM Samman Nidhi?

The PM Kisan Samman Nidhi 2023 is open to all small and marginal farmers who own less than 2 hectares (4.9 acres) of land. To be eligible, farmers must have a valid Aadhaar number and bank account. They must also self-declare that they do not own more than 2 hectares of land.