As part of the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) scheme, the government of India has introduced an Electronic-Know Your Customer (E-KYC) process. This is a landmark step towards digitizing the process of identifying beneficiaries of the scheme, which aims to provide financial support to small and marginal farmers across the country.
The E-KYC process facilitates the verification of the identity and eligibility of farmers, making the entire process more efficient and transparent. By using an Aadhaar-based authentication system, the government can ensure that only eligible farmers receive the benefits of the scheme, preventing any fraudulent activities.
The PM-KISAN scheme provides financial assistance of Rs 6000 per annum to farmers across the country. This assistance is provided in three installments per year, directly into the bank accounts of eligible beneficiaries. With the E-KYC process, the government can identify and verify eligible farmers quickly and accurately, ensuring that the benefits reach them on time.
The E-KYC process is convenient and hassle-free for farmers, who can complete the process from their homes or at Common Service Centres (CSCs) located throughout the country. The process involves providing personal identification details such as Aadhaar card number, bank account details, and landholding information. Once the verification is completed, farmers will receive a unique identification number that will be used to process their applications and disburse the benefits.
The introduction of the E-KYC process is a significant step towards achieving the objective of the PM-KISAN scheme, which aims to provide financial support to farmers who are struggling to make ends meet. By identifying eligible beneficiaries quickly and accurately, the government can ensure that the benefits reach those who need them the most.
The E-KYC process is expected to reduce the processing time for applications, enabling the government to disburse the benefits in a timely manner. This will provide much-needed financial assistance to farmers, who can use the funds to meet their basic needs and invest in their farms, enhancing their agricultural productivity.
In conclusion, the introduction of the E-KYC process as part of the PM-KISAN scheme is a significant milestone in the government’s efforts to support the agricultural sector and improve the lives of small and marginal farmers across India. This will provide a much-needed boost to the sector and help alleviate the financial burden faced by farmers, ensuring their well-being and prosperity.