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PM Kisan Samman Nidhi: Beneficiaries for Farmers

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Under the PM Kisan scheme and leadership of Prime Minister Narender Modi, PM Kisan Samman Nidhi was inaugurated. The central government has started crediting installments to the crores of farmers around the country. The plan was launched in February 2019.

The scheme has benefitted numerous farmers. As per the scheme, the farmers will be credited Rs. 6,000 in their accounts. This plan is under the flagship of the central government. Till date, the centre has provided Rs.1.57 lakh crore to the farmers who registered themselves under this scheme. This year by December, the 10th installment will be credited to crores of farmers.

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The government of India provides 100% funding. Through this plan, PM helped many farmers. The benefits are divided into three parts. All you need is the necessary documents to apply for this program.

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The Exclusion Categories under the PM Kisan Samman Nidhi scheme:

The below categories of high economic does not get benefits under this scheme:

  • The farmers of landholders who uphold the formal land.
  • The categories of farmer families who belong to any of the following:
  1. Present holder and formers of the sanctioned post.
  2. All the retired employees of central/ state government. All serving employees in offices, departments, and ministries.
  3. The present or former state or central ministers.
  4. The present/former ministers of Rajya Sabha/Lok Sabha, state legislative councils.
  5. The present chairmen of district Panchayat.
  6. The central or state PSE’s field unit.
  7. The regular employees of local government bodies and autonomous institutions.
  8. All retired pensioners who got 10,000/- monthly pensions. Multitasking staff, class IV, and Group D employees are excluded.
  9. People who paid income tax in the last year.
  10. All the professionals like doctors, engineers, lawyers, architects, or CA’s. Those who are into non-government bodies and under practice.

Empowering the Cultivators

1. Financial Assistance Directly to Farmers

The core of PM Kisan Samman Nidhi lies in its direct approach. By providing financial assistance directly to the farmers’ bank accounts, the scheme eliminates intermediaries, ensuring that the intended beneficiaries receive the support promptly. This streamlined process has significantly contributed to reducing financial bottlenecks.

2. Boosting Agricultural Income

The scheme aims to boost the income of farmers, thereby elevating their overall economic status. The financial aid provided can be utilized to invest in modern agricultural practices, purchase quality seeds, and adopt advanced techniques, leading to increased productivity and improved income levels.

3.Support During Challenging Times

Recognizing the unpredictable nature of agriculture, the scheme provides a safety net for farmers during challenging times. Be it crop failure, natural disasters, or unforeseen circumstances, the financial assistance offers a crucial cushion, preventing vulnerable farmers from falling into a cycle of debt.

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