The Prime Minister released the 12th instalment amount of Rs. 16,000 crores under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer on October 17.
- Under the scheme, eligible farmer families are provided benefits of Rs. 6000 per year in three equal instalments of Rs. 2000 each.
- So far, eligible farmer families have received benefits worth more than Rs. 2 lakh crore under PM-KISAN.
About PM-KISAN
- PM-KISAN is a central sector scheme launched by the Ministry of Agriculture on 24th February, 2019 to supplement financial needs of land holding farmers.
- Financial benefit of Rs 6000/- per year in three equal installments, every four month is transferred into the bank accounts of farmers’ families across the country through Direct Benefit Transfer (DBT) mode.
- The scheme was initially meant for small and marginal farmers (SMFs) having landholding upto 2 hectares but scope of the scheme was extended to cover all landholding farmers with effect from 01.06.2019.
- Self-registration Mechanism: Process of Self-registration of beneficiaries has been made simple and easy through mobile app, PM KISAN portal and walk-ins via Common Service Centers in order to give the maximum benefit to the farmers.
- Enhanced Recovery Mechanism: In case of ineligible beneficiary, recovery mechanism has been made very smooth and transparent which doesn’t require Demand Draft or physical cheque to be submitted by the state. The process includes auto transfer from state nodal department’s account to central government account which made this process very efficient and less time consuming.
- Grievance Redressal& Helpdesk: In order to address the issues and problems faced by the beneficiaries, a holistic grievance redressal mechanism has been envisaged which involves setting up of a central Project Management Unit of PM KisanSammanNidhiYojana at the Centre which performs the overall coordination between all the stakeholders to streamline the processes.
- Physical Verification Module: In order to maintain the authenticity and validity of the scheme, a mandatory physical verification of 5% beneficiary every year is being done as per the provisions laid down in the scheme.
- Income Tax verification: The beneficiary database in this scheme is being regularly validated with income tax payee database in order to have an audited and authenticated user base.
- Demographic Aadhar authentication: To make this whole process more transparent and authenticated, Aadhar validation has been made compulsory.
