PM Kisan Yojana: Important Details, Eligibility Criteria And More
Launched to ensure a minimum income for farmers, the PM Kisan Yojana or PM Kisan Samman Nidhi Yojana is a nationwide scheme that was announced by the Prime Minister of India, Narendra Modi in his Independence Day speech. As per the Prime Minister’s announcement, this scheme will be implemented from 1st October 2018. Here are some details that you should know about this scheme before enrolling yourself or someone else into it:
1. Eligibility Criteria – The eligibility criteria for the PM Kisan Yojana is quite simple and straightforward. To be eligible for this scheme, one needs to be either an Indian citizen aged 18 years or above with land holding less than 2 hectares, or an Indian citizen who is below 18 years of age and has land
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What is the PM Kisan Yojana?
The PM Kisan Yojana is a nationwide scheme that aims to provide a minimum income for farmers. Its objective is to enhance the income of farmers in a sustainable manner.
It also aims to double the income of small and marginal farmers in the next 5 years. The scheme will be implemented from 1st October 2018, and will be announced by the Prime Minister of India, Narendra Modi in his Independence Day speech.
The scheme is expected to cost around ₹ 75,000 Crores, which will be distributed in 3 installments of ₹ 25,000 Crores each.
The scheme will be implemented in 18000 Gram Panchayats and will cover all farmers with less than 2 acres of land holding.
Farmers belonging to the BPL households and having landholding between 1 and 2 acres will also be eligible for this scheme.
2. How does the scheme work? – The scheme requires the farmer to sign a self-declaration form which says that by declaring himself as a beneficiary of the PM Kisan Yojana, he agrees that he/she shall not sell or mortgage his/her land for 5 years from the date of receipt of first installment of benefit under the scheme and shall not take
Eligibility Criteria
The eligibility criteria for the PM Kisan Yojana is quite simple and straightforward. To be eligible for this scheme, one needs to be either an Indian citizen aged 18 years or above with land holding less than 2 hectares, or an Indian citizen who is below 18 years of age and has land.
2. Income from farming – The income from farming for those who are below 18 years of age is not to exceed Rs. 1,000 per month. For those who are 18 years or above, the income from farming cannot exceed Rs. 5,000 per month.
3. Criteria for land holding – The land holding should be less than 2 hectares of land.
4. Who can participate? – Any Indian citizen with land holdings meeting the criteria mentioned above can participate in the PM Kisan Yojana.
5. Sums received – As per reports, farmers who are eligible under this scheme will receive Rs 6,000 annually, which will be transferred directly to their bank account every year for a period of three years.
6. Eligibility period – The PM Kisan Yojana is eligible for three consecutive years, meaning that the benefits will be received every year on 1st October for three consecutive years
How will the PM Kisan Yojana help farmers?
The PM Kisan Yojana will ensure minimum income for the farming community so that they’re not left with their livelihoods and families at the mercy of market fluctuations and natural disasters.
2. How much will the PM Kisan Yojana pay? – The minimum income for a farmer under the scheme is Rs. 6000 per year. It is to be noted that the PM Kisan Yojana does not cover those farmers who have more than 2 hectares of land.
3. What does this scheme offer? – Under the PM Kisan Yojana, farmers will receive a direct cash benefit of Rs. 6000 per year. It is to be noted that this scheme will be applicable from 1st October 2018 till 30th September 2019 only
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Other details about the scheme
– The PM Kisan Yojana will be implemented in a phased manner. The first phase starts from October 1, with the second phase starting from January 1, 2019
– The monthly benefit under the scheme will be Rs.2000 for farmers owning land up to 2 hectares
– The beneficiaries under the PM Kisan Yojana would be notified through an SMS
– In case of a family holding land in excess of 2 hectares under the same ownership, the family is eligible for a maximum of two beneficiaries.
– In case of a family holding land in excess of 2 hectares under dual ownership i.e. where one is a woman and the other is a man, both shall be eligible for a beneficiary with a maximum of one beneficiary per family.
– The PM Kisan Yojana will provide Rs.6000 per year for an individual beneficiary and Rs.12000 per year for a family of two or more beneficiaries.
– The PM Kisan Yojana is expected to benefit 12 crore farmers and is expected to cost the government Rs.7500 crore annually.
PM Kisan Samman Nidhi Yojana To Benefit 15 Crore Farmers
The scheme aims to provide a fixed income of Rs6,000 per year to small and marginal farmers. The scheme is expected to benefit 15 crore small and marginal farmers and will cost the exchequer Rs75,000 crore over the next four years. It will be implemented in phases, starting with those who have less than five acres of land. Under the scheme, beneficiaries would get Rs2,000 every month as assistance as well as an additional payment of Rs6000 each April. This scheme will help in reducing poverty among the rural population by increasing their incomes.
PM Kisan Samman Nidhi Yojana
The Pradhan Mantri Kisan Samman Nidhi Yojana (PMKSY) is a new scheme started by the Indian Prime Minister Narendra Modi on 5 February 2019. This scheme has been initiated with the objective of providing better income to the small and marginal farmers. The scheme’s aim is to provide a fixed income of Rs6,000 per year to small and marginal farmers.
The scheme will be implemented in phases, starting with those who have less than five acres of land. Under the scheme, beneficiaries will get Rs2,000 every month as assistance as well as an additional payment of Rs6000 each April.
This scheme will help in reducing poverty among the rural population by increasing their incomes.
Who is eligible?
An aspirational target of the Pradhan Mantri Kisan Samman Nidhi (PMKISAN) scheme is to cover all small and marginal farmers with five acres or less landholding. To be eligible to avail a benefit under this scheme, a farmer will have to fulfil the following criteria:
He should be a small or marginal farmer with less than five acres of landholding
He should have a bank account linked to Aadhaar
He should have a mobile phone so as to avail PM Kisan Samman Nidhi benefits
He should have a Permanent Account Number
He should have a functional Rupay card.
Benefits of the scheme
The PM Kisan Samman Nidhi Yojana will help the rural population by increasing incomes.
The scheme aims to provide a fixed income of Rs6,000 per year to small and marginal farmers. The scheme will be implemented in phases, starting with those who have less than five acres of land. Under the scheme, beneficiaries would get Rs2,000 every month as assistance as well as an additional payment of Rs6000 each April.
The benefits of this scheme are:
1) It will help to reduce poverty among the rural population by increasing their incomes
2) The scheme also aims to reduce the income gap between farmers and non-farmers
3) It will provide a fixed income to small and marginal farmers
4) It will provide a sustainable income for farmers
5) It will increase the purchasing power of farmers’ families
6) It will also help to increase the incomes of women who work as farm laborers
Implementation in phases
The PM Kisan Samman Nidhi Yojana will be implemented in phases, starting with those who have less than five acres of land. Under the scheme, beneficiaries would get Rs2,000 every month as assistance as well as an additional payment of Rs6000 each April. The scheme is expected to benefit 15 crore small and marginal farmers and will cost the exchequer Rs75,000 crore over the next four years. It will be implemented in phases, starting with those who have less than five acres of land. Under the scheme, beneficiaries would get Rs2,000 every month as assistance as well as an additional payment of Rs6000 each April. This scheme will help in reducing poverty among the rural population by increasing their incomes.
Conclusion
The PM Kisan Samman Nidhi Yojana is an excellent scheme. It will help in reducing poverty among rural population by increasing their incomes. It aims to provide a fixed income of Rs6,000 per year to small and marginal farmers. The scheme is expected to benefit 15 crore small and marginal farmers and will cost the exchequer Rs75,000 crore over the next four years. It will be implemented in phases, starting with those who have less than five acres of land. Under the scheme, beneficiaries will get Rs2,000 every month as assistance as well as an additional payment of Rs6000 each April.