PM Kisan Samman Nidhi Yojana A Boon for India Small and Marginal Farmers

PM Kisan Samman Nidhi Yojana: A Blessing for India’s Small and Marginal Farmers (2024 Update)
Want to know how to keep yourself updated about the PM Kisan Samman Nidhi Yojana (PM-KISAN) in 2024? This all-inclusive guide discusses the scheme’s objective, eligibility criteria, benefits, and the latest buzz about a potential increase in the annual financial assistance provided to India’s small and marginal farmers.

What is the PM Kisan Samman Nidhi Yojana?

Launched in December 2018 by the Government of India, PM-KISAN is a central sector scheme aiming to provide financial support to eligible farmers across the country. Recognizing the challenges faced by small and marginal landholders, the scheme offers a minimum income support of ₹6,000 per year. This amount is disbursed in three equal installments of ₹2,000 every four months directly into the bank accounts linked to Aadhaar.

Who is Eligible for PM-Kisan Benefits?

For eligibility under PM-Kisan benefits, farmers should meet the following conditions: Landholding: They should be small and marginal farmers with cultivable landholdings up to 2 hectares. Citizenship: They must be Indian citizens. Income Tax: They should not be income tax payees. Institutional Landholding: They should not be holding any institutional landholding.

Benefits of PM-Kisan Yojana

Financial Support: PM-Kisan offers much-needed financial cushioning to eligible farmers to meet the different agricultural expenses, such as seeds, fertilizers, and equipment. This will significantly improve their overall livelihood. Crop Yield Improvement: Financial support enables farmers to use better quality inputs, thus improving crop yields and productivity. Food Security: Supporting farmers, the PM-Kisan scheme indirectly contributes to food security in India by ensuring continuous agricultural production.

Potential Increase in Annual Support

There have been huge buzzes in recent months that the government would increase the annual financial support given under PM-Kisan. The farmer associations have been raising the issue of increase, especially due to increasing input costs. However, there has not been any official announcement till date, but some reports suggest that there could be an increase up to ₹10,000 per year in the Union Budget scheduled for February 2025.

Application procedure of PM-Kisan scheme

Eligible applicants for PM-Kisan may enroll their name on this portal through the following mode- Online application : Log on to PM-Kisan official website at pmkisan.gov.in and enroll by filling the online form Nearest CSC: Reach to the nearest Common Service Centre in your village, get assistance for registration with that. Revenue Department: Contact to the local Revenue Department and apply for PM-Kisan scheme registration.

Important Consideration End

Link your Aadhaar card with your bank account so that the installment transfers become smooth. Update your KYC details in the PM-Kisan portal for smooth scheme participation. For any issues regarding registration, application status, or installment transfers, contact the PM-Kisan helpline number (011-24300606 or 155261).

PM-Kisan: A Step Towards Empowering Farmers

The PM Kisan Samman Nidhi Yojana has been a crucial step in empowering India’s small and marginal farmers. The scheme provides much-needed financial support, allowing them to invest in their farms, improve overall agricultural practices, and enhance their livelihoods. With the potential increase in annual assistance on the horizon, PM-Kisan is poised to make an even bigger impact on the lives of millions of Indian farmers.

Disclaimer

The information given in this article is based on public sources and is up to December 2024. The increase in annual assistance under PM-Kisan is not confirmed yet, and it is subject to the official government announcements. For further updates and official information, please refer to the PM-Kisan official website at https://pmkisan.gov.in/.

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