PM Kisan Samman Nidhi: Financial Support for Farmers in India

In February 2019, Piyush Goyal launched India’s PM Kisan Samman Nidhi. It helps poor farmers. This government scheme supports those earning under ₹6,000 yearly. The program, in the Interim Union Budget, is “PM’s Farmers’ Tribute Fund.” It offers vital aid to farmers nationwide.

Farmers nationwide have gained economic support since late 2018. The program, costing ₹75,000 crore annually, aims to bolster agricultural stability. By 2023, total funding reached ₹930 billion—equal to US$11 billion. This initiative strives to fortify India’s farming sector.

Table of Contents

History of PM Kisan Samman Nidhi

Year by year, the PM Kisan Samman Nidhi Scheme unfolds its story. Each annual chapter reveals key developments and milestones. From start to present day, this timeline traces the scheme’s evolution. Significant changes, expansions, and adjustments mark its journey. Understanding this history provides crucial context for the program’s current state. Readers should pay close attention to the details within this chronological record. It offers valuable insights into the scheme’s growth and impact over time.

Year	Event
2018	Telangana Government effectively put into action the Rythu Bandhu program, providing direct monetary assistance to qualifying farmers.
2019	During the Interim Union Budget on 1 February 2019, Piyush Goyal declared that the scheme would be rolled out across the nation.
2018-2019	A total of ₹20,000 crore was set aside for the program. On 24 February 2019, Narendra Modi initiated the plan in Gorakhpur, providing ₹2,000 to more than 1 crore farmers.
2020	The Ministry of Agriculture and Farmers Welfare praised states and districts for their work on PM Kisan Samman Nidhi. This nationwide acknowledgment shows the scheme’s impact and effectiveness across India’s diverse farms.
Ongoing	The program still offers monetary support, contingent on accurate data correction, efficient grievance resolution, and prompt verification.

Objectives of PM Kisan Samman Nidhi

Goal: Assist landowning farmers with their financial requirements for supplies in order to ensure robust crops and sufficient harvests.
Gives ₹6,000 per year to qualified farmers for agricultural and household expenses.
Money is sent straight to bank accounts through Direct Benefit Transfer (DBT).
Some restrictions are in place for qualifying farmers.

PM Kisan Samman Nidhi Application Process (Online Via CSCs)

Step 1: Ensure the following prerequisites:

Aadhaar Card
Landholding paper
Savings bank account

Step 2: The VLE will input farmer details:

State, district, subdistrict, block, village
Aadhaar number, beneficiary name, category
Bank details, Land Registration ID, date of birth (as per Aadhaar)

Step 3: The VLE will fill in land details:

Survey/Kahta No., Khasra No., area of land (as per landholding papers)

Step 4: Upload documents:

Land papers, Aadhaar, Bank passbook

Step 5: Accept self-declaration and save the form.

Step 6: Make payment via CSC ID.

Step 7: Check beneficiary status using Aadhaar number.

Eligibility Standards

Landholding farmer families are eligible for the scheme.
Farmers need fertile, legally owned plots to qualify.

Non-Eligible Candidates for PM Kisan Samman Nidhi

Institutional landholders.
Families with former/present constitutional post holders.
Ministers, MPs, MLAs, Mayors, Panchayat Chairpersons.
Govt employees (excluding MTS/Class IV).
Pensioners with ₹10,000+ pensions (excluding MTS/Class IV).
Income tax payers last year.
Practicing Doctors, Engineers, Lawyers, CAs, Architects.

Documents Required

Savings Bank Account
Landholding Papers
Aadhar Card

Conclusion

The PM Kisan Samman Nidhi program gives eligible farmers ₹6,000 a year. It pays in three installments as direct aid. This support helps to improve living standards and manage agricultural costs.

Farmers can enroll in Direct Benefit Transfer (DBT) through a simple registration. This will guarantee timely payments and access to benefits.

For millions, accurate data and handling complaints are vital. The program boosts rural incomes and supports sustainable farming nationwide.

FAQs

Q1. What if the beneficiary provides false information when they run the scheme?

Ans. If the beneficiary lies, they will face unpaid taxes and penalties.

Q2. What is the annual count of the benefit distributions?

Ans. A cash benefit of Rs. 6,000/- per family per year, payable in three equal instalments of Rs. 2000/- per month, shall be extended to all landholding farmer’s families every four months.