As per the guidelines set by the Government of India, the Pradhan Mantri Kisan Samman Nidhi Yojana aims to provide financial assistance to land-holding farmers in the country. As of 2021, the scheme has benefitted over 10 crore farmers.
Under this scheme, landholding farmers are eligible for a financial assistance of Rs. 6,000 per annum, payable in three equal instalments, directly to the beneficiary’s account. The scheme was launched with an aim to support farmers who have been facing financial distress due to the unavailability of adequate resources to cultivate their land.
To be eligible for the scheme, the following criteria need to be fulfilled:
1. The farmer should possess cultivable land.
2. The farmer’s ownership of the cultivable land needs to be verified through proper documentation and land records.
3. The scheme is available for small and marginal farmers (with less than 2 hectares of land).
4. The beneficiary should also be among the eligible categories as defined by the scheme, which includes farmers, ex-servicemen, and widows.
The beneficiary status of the scheme is determined by the eligibility criteria, the verification of land ownership and the process of enrollment. Farmers who fulfil the eligibility criteria and have submitted proper documentation for land ownership are considered eligible for the scheme.
Once enrolled, beneficiaries receive a financial assistance of Rs. 6,000 per annum. This amount is credited in three instalments of Rs. 2,000 each directly to their bank accounts. Beneficiaries can check their payment status and registration status online through the official website of the scheme.
The Pradhan Mantri Kisan Samman Nidhi Yojana has been highly beneficial for small and marginal farmers, providing them with much-needed financial assistance for crop cultivation and other allied activities. The scheme has also encouraged farmers to invest in modern techniques and tools to increase production and improve their agricultural yield.
In conclusion, the beneficiary status of the PM Kisan Samman Nidhi Yojana is determined by various eligibility criteria which includes documentation of land ownership and verification process. The scheme has been a game-changer for small and marginal farmers, providing much-needed financial assistance to them. With over 10 crore farmers benefited from the scheme, it has proven to be a successful initiative towards rural empowerment and agricultural development in the country.