PM Kisan Samman Nidhi Yojana: Benefits, Launch Date, PM Kisan Scheme UPSC

By K Balaji|Updated : November 13th, 2022

PM Kisan Samman Nidhi Yojana is a part of the central sector scheme where money is provided to help farmers by the Indian government in the form of basic income assistance of up to 6,000 rupees per year. For the first time, the Government of Telangana introduced the PM Kisan scheme as the Rythu Bandhu scheme, where the farmer benefits with a certain amount that is directly handed to him. Piyush Goyal said that India's interim budget for 2019 would start this program all over the country on February 1, 2019.

PM Kisan Samman Nidhi UPSC topic is of utmost importance for all aspirants, and all the relevant information that would help them to prepare for UPSC prelims and Mains exams must be prepared comprehensively. The PM Kisan Samman Nidhi Yojana UPSC Notes PDF can also be downloaded from the link below.

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What is PM Kisan Samman Nidhi Yojana?

In order to provide the various inputs associated with agriculture and related activities and to meet domestic requirements, the government of India, on February 24, 2019, Prime Minister Narendra Modi launched the PM Kisan Samman Nidhi Yojana in Gorakhpur, Uttar Pradesh.

PM Kisan Samman Nidhi Yojana PDF

The following is an overview of the PM Kisan Scheme:

Scheme Name

Pradhan Mantri Kisan Samman Nidhi Yojana

Launch Date

24 February, 2019

Ministerial Authority

Agricultural and Farmers' Welfare Ministerial Department

PM Kisan Benefit

Rs 6000/- per year

Instalments

A total of three equal payments

Mode of Payment

Direct Benefit Transfer (DBT) transfers funds to farmers' bank accounts

  • The PM Kisan Samman Nidhi Yojana receives annual government funding as a central sector initiative. Dec 1st, 2018, marked the beginning of the scheme.
  • It was later expanded to include all farmers in the country, regardless of the size of their landholdings, starting on June 1, 2019.
  • The PM Kisan scheme gives farmers who own less than two hectares of land a total of Rs. 2,000 in three equal payments to help with their income.
  • The Centre gets a list of the farmers who are eligible for the scheme from the state governments and the Union Territory administration.

Objectives of PM Kisan Samman Nidhi Yojana

By the government of India's central sector plan, the PM Kisan Samman Nidhi Yojana (PMKNSY) helped many farmers who worked for small and marginal profits. Initially, this was only for farmers with less than two acres of land, but now all landowners can use it.

  • It supports all eligible farmers, including their families. Eligible farmers had their own lands.
  • The PM Kisan Samman Nidhi Yojana helps small and marginal farmers get the inputs they need.
  • To ensure their crops are healthy and produce the right amount of food based on how much money they expect to make at the end of each crop cycle.
  • To prevent farmers from falling into moneylenders for the purpose of covering such expenses and to ensure their continued involvement in farming activities in the long run.

PM Kisan Scheme Benefits

The following are the benefits of the PM Kisan Samman Nidhi Yojana:

  • Around 14.5 million people are expected to benefit from the PM Kisan scheme.
  • One of the best benefits of this scheme is that money can be transferred directly to the farmers.
  • Farmers' records are now officially registered on a digital platform.
  • The PM Kisan Samman Nidhi yojana is a significant step in the government's modernization of agriculture initiatives.
  • Farmers no longer have to worry as much about running out of money.

PM Kisan Samman Nidhi Yojana Eligibility

The PM Kisan scheme is open to small and marginal farmers, and one should be an Indian citizen to get the PM Kisan Samman Nidhi Yojana benefits. Farmers who are eligible for the scheme must submit the following documentation for verification:

  • An Aadhaar card
  • A citizenship certificate
  • Land ownership paperwork
  • A bank account number

There are some exceptions to the general rule of PM Kisan yojana eligibility to avail of the scheme.

  • Any and all landowners, whether they be public or private.
  • Constitutional members of the government, past and present.
  • Past, and present, Ministers/State Ministers, Mayors of Municipal Corporations, Legislators who have served or are now serving in the LokSabha, the RajyaSabha, the state legislatures, or the state legislative councils.
  • District Panchayat Chairs from the past and present.
  • All Central/State Government Ministries/Offices/Departments members (whether serving or retired).
  • No one could take advantage of this offer if they had paid income tax in the previous assessment year.
  • Individuals whose monthly pension is at least Rs. 10,000/- and who fall into the above-mentioned categories.
  • People licensed to practice their professions, such as medical doctors, lawyers, Central/State Government Ministries/Offices/Departments, chartered accountants, architects, and members of one or more professional associations.
  • Non-agricultural uses of farmland will not be eligible for the PM Kisan scheme financial assistance.

PM Kisan Samman Nidhi Yojana Challenges

Some key challenges to the PM Kisan Scheme are as follows:

  • PM Kisan Yojana doesn't cover Landless Laborers/Tenants/Sharecroppers.
  • The lack of proper tenancy records will also benefit absentee landlords. A lack of coordination between the registration department, revenue department, and survey department could be detrimental to implementation.
  • It doesn't try to solve the actual issue leading to distress because cash transfer is not a replacement for agricultural reforms, and it does not protect farmers from the risks and uncertainty of crop cultivation.
  • As it is mandatory to get Aadhar linked for Direct Benefit Transfer for Cash Transfer, so Aadhar linking is another obstacle.
  • The PM Kisan Samman Nidhi Yojana may lead to land fragmentation by the farmers to avail the scheme's benefits.

PM Kisan Samman Nidhi UPSC

The PM Kisan Samman Nidhi UPSC is an important topic for the upcoming IAS Exam, which must be studied thoroughly. Many questions are usually asked on PM Kisan Scheme in UPSC Prelims and Mains. To answer these questions in the UPSC and other competitive exams, you must read this article until the end and download the PDF from the above link.

PM Kisan Mobile App

The National Informatics Centre worked with the Ministry of Electronics and Information Technology to create the PM Kisan mobile app.

  • The PM Kisan Yojana mobile app was created to make it as easy as possible for farmers to access information about the program.
  • Farmers can use the PM Kisan Scheme Mobile App to keep track of their benefits.
  • Farmers can make Aadhaar card updates and corrections and check their bank account balances for a history of credits.
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Asian Development BankIndus Water Treaty 1960
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National Green Tribunal ActMonetary Policy Committee

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FAQs on PM Kisan Samman Nidhi Yojana

  • Pradhan Mantri Kisan Samman Nidhi Yojana is a support to all Indian farmers and their families who hold land by providing them income. It is a central sector program that helps them get the money they need to buy things they need for agriculture and related activities, including their homes.

  • The PM Kisan scheme provides financial support of Rs.6000 to farmers annually with the help of 3 instalments of 2000 Rs. with the direct transfer of money to the bank accounts.

  • The criteria used to determine if one is eligible to participate in this government program are critical. The PM Kisan Samman Nidhi yojana can help farmers' families that meet the following requirements: farmers with small and marginal profits are eligible for the PMKSNY program. Farm families must own land that can be used for farming in order to get the benefits of this plan.

  • On February 24, 2019, Prime Minister of India, Narendra Modi, launched the PM Kisan Scheme, which supports financial assistance to farmers.

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