EKYC in Pradhan Mantri Kisan Samman Nidhi Yojana: Streamlining the Verification Process
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a flagship welfare program launched by the Indian government in 2019 with the aim of providing financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive direct income support of Rs. 6,000 per year in three equal installments.
To ensure that the benefits of the scheme reach the intended beneficiaries, the government has introduced a streamlined verification process known as Electronic Know Your Customer (EKYC). EKYC in PM-KISAN helps in verifying the identity of the beneficiaries and eliminates the need for physical documents and paperwork, making the verification process quicker and more efficient.
The EKYC process in PM-KISAN involves the use of Aadhaar, a unique biometric identity number issued by the Unique Identification Authority of India (UIDAI). The Aadhaar number acts as a digital identity proof for the beneficiaries, and linking it to their bank account enables direct transfer of funds under the PM-KISAN scheme.
To complete the EKYC process, beneficiaries need to provide their Aadhaar number, which is then verified against the UIDAI database to ensure its authenticity. Once the verification is successful, the beneficiary’s details are updated in the PM-KISAN portal, and they become eligible to receive the financial assistance under the scheme.
EKYC in PM-KISAN has several benefits, including reducing the chances of identity fraud and duplication, ensuring transparency in the disbursement of funds, and facilitating faster payments to the beneficiaries. By digitizing the verification process and leveraging technology, the government has made it easier for farmers to avail the benefits of the PM-KISAN scheme without any hassle.
In conclusion, EKYC in Pradhan Mantri Kisan Samman Nidhi Yojana plays a crucial role in streamlining the verification process and ensuring that the benefits of the scheme reach the rightful beneficiaries in a timely and efficient manner. By embracing digital technologies like Aadhaar and EKYC, the government is taking significant steps towards transforming the welfare delivery system for the betterment of small and marginal farmers in the country.