The fate of farmers will change! Do take advantage of this scheme of PM Modi PM Kisan Yojana Latest Update – StudyToper

PM Kisan Yojana Latest Update: India is an agricultural country, where farmers are considered the backbone of the country. But many times farmers have to face difficulties due to adverse weather conditions, debt burden and low income. In such a situation, the schemes run by the government are proving to be a boon for the farmers. One of these is the Pradhan Mantri Kisan Samman Nidhi Yojana, which is also known as PM Kisan Yojana.

This scheme was started to provide financial help to the farmers. Under this, farmers are given assistance of Rs 6,000 every year. This amount is sent directly to the bank accounts of the farmers in three installments. This scheme not only provides financial help to the farmers, but also improves their farming. Let us know about this scheme in detail.

What is Pradhan Mantri Kisan Samman Nidhi Yojana?

Pradhan Mantri Kisan Samman Nidhi Yojana is a central sector scheme, which was launched on 1 December 2018. The main objective of this scheme is to provide financial assistance to small and marginal farmers of the country. Under this scheme, financial assistance of Rs 6,000 is given every year to eligible farmer families.

This amount is sent directly to the bank account of the farmers in three equal installments. Rs 2,000 is given in every installment. This scheme helps farmers to purchase essential commodities for farming and to meet the expenses incurred at the time of sowing and harvesting of crops.

Scheme overview

Benefits of the scheme

Pradhan Mantri Kisan Samman Nidhi Yojana is beneficial for farmers in many ways:

• Financial assistance: Farmers get an assistance of Rs 6,000 every year, which helps in improving their economic condition.
• Help in farming: With this money, farmers can buy essential things like seeds, fertilizers and pesticides.
• Freedom from debt: This amount gives some relief to the farmers from the burden of debt.
• Timely help: The installment received every 4 months helps the farmers from time to time.
• Direct benefits: The money goes directly into the farmers’ accounts, eliminating the role of middlemen.

Eligibility for the scheme

There are some conditions to avail the benefits of this scheme:

1. The farmer should have cultivable land up to 2 hectares.
2. The name of the farmer should be recorded in the land records.
3. The age of the farmer should be more than 18 years.
4. Farmer should have Aadhar card.
5. The farmer should have a bank account.

Application process for the scheme

To avail the benefits of PM Kisan Yojana, you can follow these steps:

1. First of all go to the official website of PM Kisan pmkisan.gov.in.
2. Go to ‘Farmer’s Corner’ section on the homepage.
3. Click on ‘New Farmer Registration’.
4. Now fill your Aadhaar number, name, mobile number and other important information.
5. After filling all the information click on ‘Submit’ button.
6. You will be registered and you will get a registration number.

Current status of the scheme

The 18th installment of Pradhan Mantri Kisan Samman Nidhi Yojana was released on 5 October 2024. In this installment, a total amount of more than Rs 20,000 crore was transferred to the accounts of more than 9.4 crore farmers. Now farmers are waiting for the 19th installment, which is expected to arrive in February 2025.

Importance of e-KYC in the scheme

To avail the benefits of PM Kisan Yojana, it is very important to get e-KYC done. If e-KYC is not done, farmers will not be able to get the benefits of the scheme. E-KYC can be done in three ways:

1. OTP based e-KYC: In this, verification is done through OTP received on the mobile number linked to Aadhaar.
2. Biometric based e-KYC: In this, verification is done through fingerprint or iris scan.
3. Face Authentication based e-KYC: In this, verification is done through facial recognition.

How to check scheme benefits

If you want to know whether you are getting the benefit of the scheme or not, follow these steps:

1. Go to the official website of PM Kisan pmkisan.gov.in.
2. Click on ‘Beneficiary Status’.
3. Enter your Aadhaar number, bank account number or mobile number.
4. Click on ‘Get Data’.
5. You will see all your information, so you can check whether you are getting benefits or not.

Important things related to the scheme

1. Timing of Installments: The installments of the scheme are released every year in the months of December-March, April-July and August-November.
2. Number of beneficiaries: Till now more than 11 crore farmers have benefited from this scheme.
3. Budget: The government has kept a big budget for this scheme every year. A provision of Rs 60,000 crore has been made for this in the budget of 2024-25.
4. Role of States: State governments play an important role in identifying beneficiaries and updating their data.
5. Data Update: Farmers should keep updating their information from time to time, so that there is no problem in getting benefits.

impact of the plan

Pradhan Mantri Kisan Samman Nidhi Yojana has made a positive impact on the lives of farmers:

• Economic Empowerment: This scheme has made the farmers financially strong.
• Improvement in farming: Farmers are able to buy better seeds and fertilizers with this money, due to which the quality of the crop has increased.
• Reduction in debt: Many farmers have repaid their loans with this money.
• Improvement in the standard of living: The standard of living of farmers’ families has improved.
• Promotion of digital transactions: Direct receipt of money into bank accounts has promoted digital transactions among farmers.

Disclaimer: This article has been written for information purposes only. Pradhan Mantri Kisan Samman Nidhi Yojana is a genuine government scheme which is run by the Government of India. However, the terms and conditions of the scheme may change from time to time. Therefore, always refer to the government website or official sources for accurate and up-to-date information. Please seek expert advice before taking any financial decisions.