PM Kisan Samman Nidhi Yojana: All You Need to Know

PM Kisan Samman Nidhi Yojana

PM Kisan Samman Nidhi Yojana: All You Need to Know

PM Kisan Samman Nidhi Yojana, The Complete Guide, status, pm kisan samman nidhi yojana online apply, list, 2021 news, how to apply, Modi government,

What is the PM Kisan Samman Nidhi Yojana?

The PM Kisan Samman Nidhi Yojana (PM-KISAN) is a unique initiative of the Narendra Modi-led NDA Government which was launched in December 2017 to help farmers get loan waiver and purchase agricultural equipment, to reduce their hardships during times of distress. The PM Kisan Samman Nidhi Yojana can be availed under three distinct conditions: 1. PM KISAN Benefit for Specific Quantity of Farmer’s Crop – This will be provided by a co-operative society registered under the Cooperative Societies Act, 1882 to all eligible farmers having registered kisan numbers. The annual crop insured by the cooperative society under PMKISAN is in the name of a particular farmer. 2. PM KISAN Benefit for Specific Number of Farmer’s Crop – It can be availed in respect of a number of farmers.

Who is eligible for the PM Kisan Samman Nidhi Yojana?

Under PM Kisan Samman Nidhi, the government has announced a total of 86.92 lakh new beneficiaries. As per the government, it is not compulsory to get Aadhaar card to avail the benefits. The scheme has a flat scheme of Rs 6,000 per year for each farmer’s poor financial condition. The eligible farmers are those who own a house less than 300 square metres, and have less than five acres of land. There is also no upper limit on farmers who may benefit from the scheme. The scheme was implemented on June 25. In the scheme, PM Kisan Samman Nidhi beneficiaries are declared as ‘Sufficiently Backward Class farmers (SEBC)’. PMKSY can be availed by one farmer in any household, irrespective of the holding size. The scheme also allows women farmers and landless labourers to avail the benefits.

How to get the PM Kisan Samman Nidhi Yojana?

Under the PM Kisan Samman Nidhi Scheme, the income of all small and marginal farmers in India who grow crops like rice, wheat, coarse grains and cotton is eligible for financial aid. To avail this benefit, all farmers need to register their names and complete the necessary paperwork to avail the benefits. The scheme is given on a grant basis, and farmers are given a maximum subsidy of Rs 6,000 per year for a period of five years, after which they need to pay back the grant. Here’s the complete step-by-step guide on how to get the PM Kisan Samman Nidhi Yojana.

Modi government’s other agri-related initiatives

PM Kisan Samman Nidhi Yojana Payment of Rs 6,000 every year will be provided to farmers once every 12 months till they get back their debt. All farmers who have paid back their loan till October 1, 2018, will be eligible for the scheme. Rs 6,000 subsidy will be paid for electricity and fertilizers. Rashtriya Krishi Vikas Yojana (RKVY) The government aims to empower farmers by enhancing the income of marginal and small farmers and enhancing their ability to utilise resources to improve agricultural production. Under RKVY, the government will provide subsidies to farmers on the basis of rainfall, irrigation facility and fodder. The scheme will give farmers a fiscal incentive to improve their storage capacity.

What are the Benefits?

The Yojana gives crores of poor farmers a complete debt relief. The Modi government claims that this will benefit 10 crore farmers. The package will include Rs 6,000 as assured income support for farmers whose landholdings are up to two hectares. The money will be paid directly into their bank accounts, so they won’t even have to provide their Aadhar card number. Besides this, farmers will also be given interest-free crop loans for the next two years.

Farmers can also avail interest subsidy on non-farm loans for the next two years and get partial input subsidy in the next two years. How to Apply? The Yojana is open till the end of August, 2019. Farmers can apply through any Bank, post office or even the Trishakti Kendra or the nearest Aadhar Kendra.

How to Apply for PM Kisan Samman Nidhi Yojana

The website for applying for PM Kisan Samman Nidhi Yojana is listed on the official website of Ministry of Women and Child Development, just as the income tax website. So, there is no need to go anywhere else to apply for the PM Kisan Samman Nidhi Yojana. This is an important scheme for the farmers of the country, and one should not miss the opportunity to apply for it. PM Kisan Samman Nidhi Yojana Scheme: Current status of the scheme The current status of the PM Kisan Samman Nidhi Yojana, the first farm-dividend scheme of the Modi government, is as follows: The scheme started on September 24, 2015 and the deadline for accepting the first stage of applications is September 24, 2017. As many as 47,480,305 farmers have applied for the PM Kisan Samman Nidhi Yojana.

Conclusion

For those intending to use the facility, here are a few things to keep in mind. For those who want to file returns, the deadlines are December 31, 2017, and March 31, 2018, respectively. In case of those who don’t want to file returns, the deadline is April 30, 2018. This year’s return filing dates have been advanced by a month from March 31, 2018.

The Central Board of Direct Taxes has already put up a couple of FAQs on its website on the Narendra Modi government’s flagship scheme. This year, the government has extended the returns filing window by three months, till March 31, 2018, and the revised income tax return filing dates for the financial year 2017-18 (pdf) have also been announced. For one, there was no such scheme last year.