For a farmer, the time between sowing a crop and reaping the rewards in the form of income can be financially challenging. Seeds, fertilisers, irrigation, and household expenditures do not come to a standstill simply because there is no immediate income on the horizon. This is where the Government of India’s PM Kisan Samman Nidhi aims to provide recurring income support to eligible farmer families to support their expenses during the agricultural cycle.
What is PM Kisan Samman Nidhi?
The PM Kisan Samman Nidhi scheme (PM-KISAN) is a central sector initiative that provides income support to eligible landholding farmer families with cultivable land. Every year, qualifying families receive ₹6,000, which comes through as three separate payments of ₹2,000 each, transferred directly to their bank accounts through DBT. This is subject to the scheme’s eligibility rules and exclusion criteria.
It is a scheme of providing income support and not a loan; hence, the beneficiaries are not liable to repay the amount transferred to them under the aforesaid scheme.
How Does the PM Kisan Payment Process Work?
The PM Kisan payment process consists of checking the eligibility of the farmer, verifying their land and Aadhaar-linked records, completing the prescribed eKYC process, and crediting their respective share of instalments directly into their bank account through DBT.
The main steps involved are:
- Check eligibility: Farmers’ eligibility will be checked under the scheme
- Verify land records: Land ownership and cultivable land details are verified
- Complete eKYC: Complete the applicable Aadhaar-based eKYC process
- Verify bank details: Aadhaar-linked or seeded bank details are verified if applicable
- Receive payment: ₹2,000 is transferred directly into the eligible farmer’s account through DBT
What are the Benefits of PM Kisan Samman Nidhi?
PM Kisan provides eligible farmer families with ₹6,000 a year in direct income support, along with online access to payment-related information. The major benefits of the scheme are the following:
1. Regular income support
Eligible farmer families receive periodic financial assistance under the scheme, providing a reliable source of income support to help manage expenses during the agricultural cycle.
2. Support for agricultural expenses
The financial assistance can be used by the beneficiary farmers to meet their agricultural and other household expenses.
3. Direct bank transfer
The benefit is transferred directly to the beneficiary’s bank account through DBT.
4. Online payment tracking
Farmers can track their payments and know about the payment status through the online status tracker facility available on the official portal.
Who is Eligible for PM Kisan Samman Nidhi?
PM Kisan is meant for eligible landholding farmer families who meet the scheme’s prescribed requirements. Some of these conditions are:
- Cultivable land: The family should own cultivable agricultural land that appears on the relevant state or Union Territory land records.
- Farmer family: A farmer family consists of a husband, wife, and minor children.
- Applicable verification: Applicable land records, Aadhaar, and eKYC requirements must be fulfilled.
- Exclusions: The family should not fall under the scheme’s prescribed exclusion categories, such as certain higher economic-status categories and institutional landholders.
How to Apply for PM Kisan Samman Nidhi?
Eligible farmers can apply for the PM Kisan scheme through the official portal by registering themselves as new farmers and completing the mandatory verification procedure.
- Go to the official PM Kisan portal
- Click on New Farmer Registration
- Fill in the details like Aadhaar and other necessary information
- Submit your land and bank details
- Go through the relevant eKYC and verification process
*Farmers can also visit a Common Service Centre (CSC) for assistance with registration.*
How to do a PM Kisan Samman Nidhi Yojana Status Check?
Farmers can perform a PM Kisan Samman Nidhi Yojana status check directly on the official PM Kisan website by using the Know Your Status option.
- They must visit the official PM-KISAN web portal
- Then, they need to select the Know Your Status option
- After that, they have to enter their registration number and captcha and complete the verification process
- Once the verification is successful, farmers can view their payment and eKYC details
*In case a farmer does not remember their registration number, they can use the option ‘Know Your Registration Number’ and enter the required mobile number and Aadhaar details.*
Wrapping Up
The PM Kisan scheme offers direct financial assistance to eligible farmer families who own land, but in the case of farmers who are also engaged in business activities, they may have other financial requirements. Funding may be needed beyond what the scheme provides in order to cover expenses such as buying inventory, managing working capital, or meeting daily operating costs.
At LendingKart, we help eligible business owners address these business-related funding needs through collateral-free business and MSME loans with a digital application process and minimal documentation. Loans of up to ₹50 lakh can be used for eligible needs such as working capital, inventory, expansion, and daily operations. This financing is separate from PM Kisan and is intended to support the business side of a farmer’s financial needs.
Frequently Asked Questions (FAQs)
1. How much does PM Kisan Samman Nidhi provide each year?
The scheme provides ₹6,000 per eligible farmer family each year, paid in three instalments of ₹2,000.
2. Can tenant farmers receive the scheme benefits?
The scheme is based on eligible landholding farmer families with cultivable land recorded in the relevant land records. Tenant farmers or sharecroppers without qualifying land records are generally not covered.
3. Is eKYC mandatory under the scheme?
Yes. The official portal states that eKYC is mandatory for registered farmers.
4. How can I check my payment status?
Use the official status facility on the PM Kisan portal to review your payment and account details.
5. Is PM Kisan a loan?
No. PM Kisan Samman Nidhi is an income-support scheme. The annual benefit is transferred through DBT to eligible farmer families and does not have to be repaid
