PM-Kisan Samman Nidhi Scheme (PM-KISAN)

PM-Kisan Samman Nidhi Scheme (PM-KISAN)

Why in the News?

The Government released the 16th instalment under the PM-KISAN through Direct Benefit Transfer.

Quick Facts

type: Central Sector Scheme

Purpose: To supplement the financial needs of all landholding farmers’ families in procuring various inputs and also domestic needs

Beneficiaries: All the landholding farmers, subject to certain exclusions

Benefits: ₹6,000 per year in three equal instalments of ₹ 2,000 each every four months

Objective

To provide income support to all land-holding eligible farmer families (families include husband, wife and minor children).

Salient Features

PM-Kisan Samman Nidhi Scheme

Land records mandatory:

exception for forest

dwellers,

Northeastern states

and

Jharkhand

which has separate provisions for land records is made

Land records mandatory:

However, exception for forest dwellers,

Northeastern states

and

Jharkhand

which has separate provisions for land records is made

Self-registration Mechanism:

Through mobile app, PM KISAN portal and Common Service Centers (CSC).

Kisan Credit Cards (KCC):

All PM-KISAN beneficiaries to provide them short-term loans for crop and animal/fish rearing at a maximum interest of 4% on timely repayment.

Prevention of diversion of funds:

Physical Verification Module (of 5% beneficiary every), Aadhar authentication and Income Tax payee verification

Project Management Unit (PMU):

Established at the Central level, PMU is responsible for overall monitoring of the scheme. State Government may also consider setting up a dedicated PMU.

Grievance redressal:

Any grievances received by the Grievance Redressal Committee should be preferably disposed of within two weeks

Exclusion:

Beneficiaries of higher economic status shall not be eligible.

PradhanMantri Fasal Bima Yojana (PMFBY)