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Pradhan Mantri Kisan Samman Nidhi (PM KISAN)

Pradhan Mantri Kisan Samman Nidhi Status News

  • Funds disbursed so far: The government had said that so far, eligible farmer families have received benefit of more than Rs 2 lakh crore under the scheme through 11 installments. Of this, Rs 1.6 lakh crore has been transferred during the COVID-19 pandemic period.
  • Sharp decline: Only 3.87 crore farmers received the 11th installment of Rs 2,000 in their accounts in May-June 2022. This is a sharp drop from the 11.84 crore farmers who received the first installment back in February 2019, just before the Lok Sabha elections.
  • The pattern of decline: The pattern of a drop began with the sixth installment, which was received by 9.87 crore farmers, down from 11.84 crore farmers in the first installment.
  • State-wise analysis: There has been a decline in PM-KISAN payouts in almost every state, with Madhya Pradesh and West Bengal leading the way.
  • No fraudulent beneficiaries: The Ministry claimed that under the PM-KISAN scheme, no money was transferred to any fraudulent beneficiaries.
    • It added that benefits were only paid out after receiving 100% accurate farmer data from the States, which was verified through Aadhaar or the Public Financial Management System (PFMS) database.

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Pradhan Mantri Kisan Samman Nidhi PM KISAN
Pradhan Mantri Kisan Samman Nidhi PM KISAN

About Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN)

Launch

  • The Scheme was formally launched on 24th February, 2019 by the Indian Prime Minister from Gorakhpur, Uttar Pradesh.

Read about: Pradhan Mantri Fasal Bima Yojana 2022

PM KISAN Aim and Objectives of the Scheme

  • The PM-KISAN scheme aims to supplement the financial needs of the Small and Marginal Farmers (SMFs) in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of each crop cycle.
  • This would also protect them from undue reliance on moneylenders for meeting such expenses and ensure their continuance in the farming activities.

 

Pradhan Mantri Kisan Samman Nidhi Features

  • Type: PM-KISAN is a Central Sector Direct Benefit Transfer (DBT) Scheme.
  • Ministry in charge of the scheme: Ministry of Agriculture and Farmers Welfare.
  • Benefits under the scheme: Under the scheme, financial assistance of Rs.6000 per annum (in three monthly installments of Rs. 2000 each) is provided to landholding farmer families.
  • Eligibility Criteria:
    • Under this scheme, all landholder farmers’ families are eligible to obtain the benefits.
    • Definition of family for the scheme is husband, wife and minor children.
    • State Government and UT administration are responsible for identifying the farmer families which are eligible for support as per scheme guidelines.
  • Exclusion category: Certain categories of beneficiaries belonging to the higher economic status will not be eligible to obtain the benefits under the scheme such as institutional landholders and government employees etc.
  • Alternative Implementation Mechanism: For North Eastern and some other States with community landholding, alternate mechanism for eligibility of farmers has been devised.
  • PM-KISAN Aadhaar Link: The farmers cannot enroll or register themselves as beneficiaries under the PM-Kisan scheme if they do not have an Aadhaar card. Payment is done on the basis of Aadhaar seeded data of beneficiaries.

 

Advantages of Pradhan Mantri Kisan Samman Nidhi Form

  • 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 Challenges

  • Inadequate financial support: The current cash transfer does not provide farmers with adequate purchasing power to meet their basic necessities. Also, the cash transfer is not linked to the size of the farmer’s land.
  • Exclusion of Landless farmers: The scheme excludes even poor rural households that do not own land.
  • Implementation issues: PM-KISAN is an ambitious scheme that has the potential to deliver significant welfare outcomes but the top-down approach of the government ignores governance constraints.
  • Structural issue: If the budgetary allocations shift decisively in favour of cash transfers, they will be a cause for great concern for other long-term budgetary commitments in agricultural markets and areas of infrastructure such as irrigation.

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