The Government of India introduced Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) in order to provide financial assistance to small and marginal farmers across the country. The scheme aims to provide direct income support of Rs. 6,000 per year to eligible farmers in three equal instalments. In order to ensure that only the genuine beneficiaries receive the benefits, the government has implemented e-KYC (Electronic Know Your Customer) for PM-KISAN.
The e-KYC process involves the verification of the farmer’s details through Aadhaar, mobile number, and bank account. It is a simple and hassle-free process that ensures the timely disbursal of benefits to the farmers. The farmers have to provide their Aadhaar number during the registration process of PM-KISAN, and the verification of the same is done through e-KYC.
The e-KYC process helps to eliminate duplicate and fake beneficiaries and ensures that the benefits reach the actual beneficiaries. All the related details of the farmers such as their name, address, etc. are verified through Aadhaar and their bank details are verified through the mobile number. It also helps to reduce the cost and time associated with manual verification processes.
This system is secure and efficient as it eliminates the requirement for multiple documentation and manual verification. The e-KYC process ensures transparency and efficiency in the implementation of the PM-KISAN scheme. It also helps the government to monitor the progress and reach of the scheme in real-time.
Therefore, e-KYC for PM-KISAN scheme is a big step towards digital India and ensuring efficient and timely disbursal of benefits to the farmers. It facilitates the government’s efforts to provide financial assistance to small and marginal farmers across India, thus improving their livelihoods.