The Prime Minister Kisan Samman Nidhi Yojana (PM-KISAN) is a government scheme aimed at providing financial support to small and marginal farmers across India. Under this scheme, eligible farmers receive an income support of Rs. 6,000 per year in three equal installments. To ensure that the benefits of PM-KISAN reach the intended beneficiaries in a timely and efficient manner, the government has implemented an Electronic Know Your Customer (E-KYC) process.
E-KYC is a digital process that allows farmers to verify their identity and eligibility for PM-KISAN using their Aadhaar number. By linking their Aadhaar number to their bank account, farmers can streamline the verification process and receive the benefits directly into their accounts. This not only reduces the paperwork and documentation required but also minimizes the chances of fraud and corruption in the disbursal of funds.
The E-KYC process has made it easier for farmers to enroll in the PM-KISAN scheme and receive their benefits without the need for multiple visits to government offices. By simply providing their Aadhaar number and linking it to their bank account, farmers can ensure that they are registered for the scheme and receive their income support without any hassle.
Furthermore, the E-KYC process has helped the government in identifying and eliminating duplicate and ineligible beneficiaries, ensuring that the benefits of PM-KISAN are reaching those who truly need it. By digitizing the verification process, the government has been able to make the scheme more efficient and transparent, reducing the chances of leakages and ensuring that the funds are reaching the intended beneficiaries.
Overall, the implementation of E-KYC in the PM-KISAN scheme has been a game-changer in improving the efficiency and transparency of financial assistance to small and marginal farmers. By leveraging technology and digital processes, the government has been able to ensure that the benefits of PM-KISAN reach those who need it the most, making a significant impact on the lives of farmers across the country.