PM Kisan: Know these criteria to identify small and marginal farmers under Pradhan Mantri Kisan Samman Nidhi - All details here

Pradhan Mantri Kisan Samman Nidhi (PM KISAN) is a government scheme with 100 per cent funding from the Central government. The scheme promises an income support of Rs 6,000 per year in three equal instalments to small and marginal farmer (SMF) families, having combined land holding/ownership of up to 2 hectares.   

The number of eligible SMFs under the scheme has been estimated on the basis of projection of Agricultural Census 2015-16 data for 2018-19. The projected number of holding of SMFs landholder farmer families for FY 2018-19 is 13.15 crore. Due to likely exclusion of certain categories of beneficiaries of higher economic strata, the total number of eligible beneficiaries has been taken as 12.50 crore. The existing land-ownership system will be used for identification of beneficiaries for calculation of financial benefit under the scheme. 

Under the PM-KISAN Scheme, benefits are transferred in three, four-monthly periods. In every four months period, Rs 2,000 is transferred to eligible farmer’s families. Therefore, benefits of Rs 6,000 are transferred annually.  

The PM-KISAN Scheme benefits are not transferrable every month. The benefits are transferred in three instalments. The cumulative number of PM-KISAN Scheme transactions which have failed since its launch till June 2021 is 4,016,867. The number of total transactions made under PM-KISAN Scheme till 30th June 2021 is 687,632,104 of which the total number of failed transactions is less than 1 per cent, as per the PIB.  

Various reasons have been identified by the Union Government for the transaction's failure under PM-KISAN Scheme such as account closed/transferred, invalid IFSC, account inactive, account dormant, amount exceeds limit set on account by bank for credit/debit per transaction, account holder expired, account blocked or frozen, inactive Aadhaar, network failure etc.   

To tackle the issues of transaction failures and process the payment to such registered farmers’ families, a Standard Operating Procedure (SOP) has been developed and issued to States/UTs for necessary action at their end.  In cases where the corrective measures are to be taken by States/UTs, such transaction failure records are opened to respective State/UT for correction under the ‘Correction Module’ tab of PM-KISAN portal. Thereafter, all the transaction failure records are reprocessed for the payment of the respective installment under PM-KISAN Scheme.  

The transfer of the amount to the bank accounts of the beneficiaries can take few days’ time and to ensure this farmer can check the PM-KSNY instalment, status, list, etc.  The Pradhan Mantri Kisan Samman Nidhi (PM KISAN) scheme was launched with the view to supplement the earnings of small and medium categories farmers. This scheme coupled with the Digital India initiative has made it possible to reach the PM KISAN benefits to 12 crore farmers in the country.