PM-Kisan Samman Nidhi Yojana: How to apply

Introduction

Agriculture is that the primary source of livelihood for about 75 per cent of India’s total population. Gross value added by agriculture, forestry and fisheries, to 18.53 trillion (the US $ 271.00 billion) in FY18. The Indian food industry is poised for huge growth, increasing its contribution to the planet food trade per annum, especially within the food processing industry because of its immense potential for value addition. The Indian food and grocery market have the sixth largest share within the world, accounting for 70 per cent of retail sales. The Indian food processing industry accounts for 32 per cent of the entire food items within the country, which is one among the foremost important industries in India and ranks fifth in terms of production, consumption, exports and expected growth. It contributes about 8.80 and 8.39 per cent of gross value added (GVA) in manufacturing and agriculture, 13 per cent of India’s exports and 6 per cent of total industrial investment. The debt waiver announced by the state governments has prevented repayment of the many borrowers within the country in anticipation of loan waiver. This adversely affected the credit history of the borrowers and their future prospects of obtaining new loans for agricultural purposes. This led to an extra deterioration of the credit culture within the agriculture sector as evident from the high level of gross NPAs of 8.44 per cent as on 31 March 2019.

The Prime Minister of India transferred the Pradhan Mantri Kisan Nidhi Yojana (PM-Kisan) and 2,021 crores (the US $ 284.48 million) to the bank accounts of over 10 million beneficiaries on 24 February 2019.

The Indian government, at the centre and at the extent of the states, provides support for the agriculture sector in several forms, like through subsidising inputs, access to cheaper capital, loan waivers and minimum support prices for outputs. within the last five years, there's an increasing trend towards direct cash transfers together of the most tools of supporting farmer welfare. While most of those efforts are concentrated at the state level, the interim budget 2019- 20 introduced the Pradhan Mantri Kisan Samman Nidhi (PM Kisan Scheme), the primary fully centrally sponsored income transfer scheme for farmers. The scheme proposes to transfer annual income support of Rs.6,000 to the bank accounts of small and marginal farmers. this is often a singular scheme therein it almost entirely relies ashore records for the identification of beneficiaries. Since the entitlement to income support is linked to land ownership, the successful implementation of the scheme is directly linked to the robustness and accuracy of the underlying land records infrastructure.

Scheme Overview

Under this scheme, central government funds to the entire given by 6,000 rupees Direct bank is being transferred to the bank accounts of beneficiaries in three instalments of Rs 2000 through transfer mode. Under PM Kisan Samman Nidhi Yojana 2021, 12 crore small and marginal farmers are going to be included. the entire cost incurred under this scheme is Rs. 75, 000 crores. Through the Pradhan Mantri Kisan Samman Nidhi Yojana, 2.25 crore beneficiary farmers have also received the primary instalment through direct bank transfer (DBT) on 31 March 2019.

New updates have begun under this scheme by the central government. Those people that have applied to receive benefits under this PM Kisan Samman Nidhi Yojana 2021, Kisan MasterCard to those farmers (those people that have applied to urge benefits, those farmers will need to get a Kisan MasterCard made under this scheme.). Through this MasterCard, financial assistance is going to be provided to the farmers of the country. Under this scheme, banks are instructed to issue credit cards within 14 days after receiving the appliance made by the farmers. This KCC campaign has been started for 15 days from 8 February 2020.

Kisan Samman Nidhi 7th instalment main feature

• This amount is transferred to the farmers' account after registration and verification of the account by the government. In every state of the country, except West Bengal, the advantage of Pradhan Mantri Kisan Samman Nidhi Scheme is being extended.
• There are about 70 lakh farmers in West Bengal who are bereft of the advantages of this scheme. 23 farmers of West Bengal had also applied under the Pradhan Mantri Kisan Samman Nidhi Yojana but their application wasn't verified by the West Bengal government.
• In this video conferencing, information about other schemes being travel by farmers is provided by the respected Prime Minister.
• Simultaneously, the Prime Minister has also discussed the new farmer’s law. He explained the advantages of this law and guaranteed the farmers that they're going to not be harmed by this new farmer law.
• Finally, the Prime Minister congratulated all the beneficiaries of PM Kisan Samman Nidhi Yojana.

Documents required for PM Kisan Samman Nidhi Yojana 2021 (Eligibility)

• The applicant should have any land up to 2 hectares.
• There should be papers on agricultural land.
• Aadhar Card
• identity card
• ID proof, driver's license, voter ID
• Bank account passbook
• mobile number
• address proof
• Farm information (farm size, what proportion land is there)
• Passport size photo

How to Apply for PM Kisan Samman Nidhi Yojana

Interested beneficiary farmers of the country who want to apply under this PM Kisan Samman Nidhi scheme should follow the below-mentioned method and avail the advantage of the scheme.

• First of all, the applicant will need to visit the official website of the scheme. After getting to the official website, the house page will open ahead of you on the pc screen.
• On this home page you'll see the choice of Farmers Corner. Click on this feature, during this option you'll see three more options.
• Out of those, you'll need to click on the choice of latest Farmer Registration. After clicking on this feature, the New Farmers Registration Form will open ahead of you.
• In this type, you've got to fill your Aadhaar number, image code and you'll need to complete all the knowledge asked.
• After filling all the knowledge, you've got to click on the submit button. After this, take a print out of the registration form and secure it for the longer term.
• In this manner your application is going to be completed.

Conclusion

Agriculture contributes the foremost to India’s GDP. The past few years have seen agricultural sector inputs decline, but it's still the most important contributor. Agriculture isn't only thanks to the contribution to GDP but also to an outsized proportion of the population in Indian policymaking, which depends on the region for its livelihood. Moreover, most of the agriculture land is being converted for the non-agricultural sector. Agriculture has benefited from advanced farming techniques, but there's little to no development. Land use in rural areas is changing as farmers are becoming good value for his or her holdings. Wholesale prices are mainly wont to monitor weekly price movements. NPA levels have increased sharply, possibly indicating a strategic default arising from state-level debt forgiveness announcements.