KCC kisan krja mafi latest updatee: Modi government has taken a big decision for the farmers. Prime Minister Narendra Modi has taken an important decision in the interest of farmers at the beginning of his third term. He has signed the file for releasing the 17th installment of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme. About 9.5 crore farmers of the country will get direct benefits from this decision.
Under the PM-KISAN scheme, financial assistance of Rs 6,000 is given every year to eligible farmer families. This amount is sent directly into the bank accounts of farmers in three equal installments, of Rs 2,000 every four months. This scheme was started to increase the income of farmers and strengthen their economic condition. So far 17 installments have been released under this scheme.
PM Kisan Samman Nidhi Yojana: At a glance
| Description | Information |
| name of the scheme | Prime Minister Kisan Samman Nidhi (PM-KISAN) |
| beginning | December 1, 2018 |
| beneficiary | land holding farmer family |
| Relief fund | Rs 6,000 per year |
| installments | Rs 2,000 per 4 months |
| number of beneficiaries | About 9.5 crore farmers |
| total amount distributed | More than Rs 3.45 lakh crore |
| date of next installment | October 5, 2024 (probable) |
18th installment of PM-KISAN scheme: What is the new update?
Prime Minister Narendra Modi is scheduled to release the 18th installment of PM-KISAN scheme on October 5, 2024 in Washim, Maharashtra. Under this installment:
- More than 9.4 crore farmers across the country will benefit
- A total amount of more than Rs 20,000 crore will be distributed
- This amount will be sent directly to the bank accounts of farmers
Who is eligible for PM-KISAN scheme?
The following farmers are eligible for this scheme:
- Indian citizens who are farmers
- Those who have maximum 2 hectares of cultivable land
- Who are not already registered under PM-KISAN scheme
How to apply for PM-KISAN scheme?
The following documents are required to apply for the scheme:
- Aadhar card
- Bank account statement
- land records
Application Process:
- Visit the official website of PM-KISAN (pmkisan.gov.in)
- Click on ‘Farmer’s Corner’
- Select the option of ‘New Farmer Registration’
- Fill the required information and upload the documents
- submit form
eKYC: Mandatory process for PM-KISAN scheme
It is mandatory for the beneficiaries of PM-KISAN scheme to get eKYC done. There are three methods of eKYC:
- OTP based eKYC:
- Available on PM-KISAN portal or mobile app
- Can be accomplished using One Time Password (OTP)
- Biometric based eKYC:
- Available at Common Service Center (CSC) or State Service Center (SSK)
- Farmers can get eKYC done using their biometric information
- Facial recognition based eKYC:
- Available on PM KISAN mobile app
- Farmers can complete eKYC process through their facial recognition
Kisan Credit Card (KCC) Scheme: What is the new update?
Kisan Credit Card (KCC) scheme was launched to provide loans to farmers at easy and affordable rates. However, there is currently no new update on KCC loan waiver. But there are some important points of the plan:
- Farmers can take loan up to Rs 3 lakh through KCC
- The interest rate on this is 4% per annum
- Extra 3% discount on timely payment
- The validity of the card is 5 years
Farmer Loan Waiver: Initiative of State Governments
The central government has not yet announced any nationwide farmer loan waiver scheme. However, some state governments have launched loan waiver schemes for farmers at their own level:
- Telangana: Scheme to waive off farm loans up to Rs 2 lakh
- Jharkhand: Decision to waive crop loans up to Rs 2 lakh
- Chhattisgarh: Announcement of waiver of short term agricultural loans of farmers
PM-KISAN Scheme: How to check your name in the beneficiaries list?
Follow these steps to check your name in the beneficiary list:
- Visit the official website of PM-KISAN
- Go to ‘Beneficiary List’ page
- Select your state, district, sub-district, block and village
- Click on ‘Get Report’ and see your name in the beneficiary list
PM-KISAN Scheme: Who is not eligible?
The following categories of people are not eligible for this scheme:
- All institutional land holders
- Former and current holders of constitutional posts
- Former and current Ministers/Ministers of State and MPs/MLAs
- Former and current mayors and district panchayat presidents
- Serving or retired officers and employees of Central/State Government
- Retired pensioners receiving monthly pension of Rs 10,000 or more
- All persons paying income tax in the previous assessment year
- Professionals like doctors, engineers, lawyers, chartered accountants
PM-KISAN Scheme: Important Facts and Figures
- Launch of the scheme: December 1, 2018
- Number of beneficiaries: More than 11 crores
- Total amount disbursed: Over Rs 3.45 lakh crore
- Amount distributed during Covid period: Rs 1.75 lakh crore
- New beneficiaries added during Vikas Bharat Sankalp Yatra: More than 1 crore
- Added farmers belonging to Particularly Vulnerable Tribal Group (PVTG): 6 lakh
PM-KISAN Scheme: Impact and Importance
PM-KISAN scheme has made a positive impact on the lives of farmers:
- Increase in farmers’ income
- improving agricultural productivity
- boost rural economy
- Improvement in the standard of living of farmers
- Encouragement to investment in agriculture sector
conclusion
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme is an important initiative for the farmers of India. This scheme not only provides financial assistance to the farmers, but also plays an important role in strengthening the agriculture sector of the country. Due to the continuous efforts made by the government, this scheme is becoming more effective and comprehensive.
Disclaimer
This article has been prepared on the basis of publicly available information. Although PM-KISAN scheme and Kisan Credit Card (KCC) scheme are genuine, currently no nationwide farmer loan waiver scheme has been announced by the central government. Some state governments have started loan waiver schemes at their level, but these are not applicable in all the states. Before applying for any government scheme or benefit, please verify information from official sources. Schemes and policies may change from time to time, so contact government websites or authorized offices for latest information.