The Pradhan Mantri Kisan Samman Nidhi Yojana, also known as PM Kisan Yojana 2023 is an initiative launched by the Government of India in 2019.
PM Kisan Yojana 2023
Farmers who qualify for the programme receive ₹6,000 each year, divided into three payments of ₹2000 each. The programme also provides a platform for farmers to express their worries and be heard. Several farmers who were ineligible for the programme signed up in the beginning. In order to ensure that farmers are legitimate and eliminate bogus registrations, the government developed the e-KYC solution. As a result, numerous accounts were closed after an investigation into fraudulent registrations. By doing this, the objective of solely assisting qualified farmers was accomplished.
Benefits of PM Kisan Yojana
PM Kisan Yojana is a government scheme launched in India in 2019 to provide financial assistance to farmers. The main objective of the scheme is to support the farmers in meeting their financial requirements for cultivation and to ensure that they have a sustainable livelihood.
Here are some of the benefits of PM Kisan Yojana:
Financial assistance: The scheme provides direct financial assistance of ₹6,000 per year to small and marginal farmers, which is transferred directly into their bank accounts. This can help them to meet their agricultural expenses and improve their financial stability.
Improved agriculture productivity: The financial assistance provided by the scheme can help farmers to purchase seeds, fertilizers, and other inputs necessary for farming. This can improve their productivity and yield, leading to higher income.
Reduced poverty: The scheme can help to reduce poverty among farmers, as it provides financial support to those who are most vulnerable. This can improve their standard of living and help them to lead better lives.
Increased rural demand: By providing financial assistance to farmers, the scheme can boost rural demand for goods and services. This can lead to increased economic activity in rural areas, which can benefit the overall economy.
Better credit history: The scheme can help farmers to build a better credit history, as they receive regular financial assistance. This can make it easier for them to access credit from banks and other financial institutions in the future.
Goals of PM Kisan Yojana
PM Kisan Yojana is a government scheme launched in India in 2019 with the goal of providing financial assistance to farmers. The main objectives of the scheme are as follows:
To provide direct income support to small and marginal farmers: The scheme aims to provide financial assistance of ₹6,000 per year to small and marginal farmers, which is transferred directly into their bank accounts. This can help them to meet their agricultural expenses and improve their financial stability.
To ensure sustainable livelihood for farmers: The scheme aims to provide a sustainable livelihood for farmers by improving their income and productivity. This can help to reduce poverty among farmers and improve their standard of living.
To promote agriculture and rural development: The scheme aims to promote agriculture and rural development by providing financial assistance to farmers. This can lead to increased economic activity in rural areas, which can benefit the overall economy.
To improve the efficiency of agriculture: The scheme aims to improve the efficiency of agriculture by providing farmers with financial assistance to purchase seeds, fertilizers, and other inputs necessary for farming. This can improve their productivity and yield, leading to higher income.
To provide financial support to farmers during the crop cycle: The scheme aims to provide financial support to farmers during the crop cycle, which can help them to meet their agricultural expenses and improve their financial stability. This can reduce their dependence on informal sources of credit and make it easier for them to access formal credit in the future.
Eligibility Criteria for PM Kisan Yojana
PM Kisan Yojana is a government scheme launched by the Government of India to provide financial assistance to small and marginal farmers in the country. Here are the eligibility criteria for the PM Kisan Yojana:
Land ownership: The scheme is open to only those farmers who are the owners of the cultivable land. Tenants and sharecroppers are not eligible.
Landholding size: The cultivable land owned by the farmer should be up to 2 hectares. Farmers who own more than 2 hectares of land are not eligible for the scheme.
Citizenship: Only Indian citizens are eligible to apply for the scheme.
Age: There is no age limit for the scheme. However, the head of the family, who is applying for the scheme, should be at least 18 years old.
Bank account: The applicant should have an active bank account in his/her name. The bank account should be linked with Aadhaar to receive the benefits of the scheme.
Adhaar Card: The farmer should have a valid Aadhaar card.
Income: The scheme is only for small and marginal farmers with an annual income of less than ₹1,50,000.
Steps to Register to PM Kisan Yojana 2023
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan Yojana) is a government scheme in India that provides financial assistance to farmers. To register for the PM-Kisan Yojana, you can follow these steps:
- Visit the official website of PM-Kisan Yojana (https://pmkisan.gov.in/).
- Click on the Farmers Corner option from the menu bar and select New Farmer Registration.
- Select your state and district from the dropdown menu.
- Fill in the required details such as your name, Aadhaar number, bank account number, and mobile number.
- Click on the Register button to submit the form.
- After successful registration, you will receive an SMS on your registered mobile number confirming your registration.
Contact details of PM Kisan Yojana
In case of any queries regarding the yojana, and if you need general assistance, you can also ask our experts at Vakilsearch!
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