In the first place, as a part of the UPSC Exam study material, we are trying to cover various topics that will help you with the IAS exam preparations. Further, in this article, we have added all information related to the Pradhan Mantri PM Kisan Samman Nidhi Yojana Scheme. Know about the PM Kisan Samman Nidhi Scheme official website and other essential details. As there are many concepts one must cover for the IAS exam. One needs to go through the syllabus and the pattern of the paper. It will help you understand various things related to the IAS exam.
- About the Article
- IAS Exam Highlights
- PM Kisan Samman Nidhi
- History of PM Kisan Yojana
- Objectives of the PM Kisan Yojana
- How it will help the Economic Growth of the Nation?
- Conclusion – PM Kisan Samman Nidhi Yojana
- FAQs – PM Kisan Samman Nidhi Yojana
- Editor's Note | PM Kisan Samman Nidhi
About the Article
To begin with, Pradhan Mantri Kisan Samman Nidhi is a central sector scheme under the government of India which provides income support to farmers and their families. We will understand all the PM Kisan Samman Nidhi information below to help you with the IAS exam preparations.
|Name of the Plan||PM-KISAN Yojana|
|Date of launch||24th February|
|Full-Form of the Scheme||Pradhan Mantri Kisan Samman Nidhi Yojana|
|Government Ministry||Ministry of Agriculture and Farmers Welfare|
Piyush Goyal announced the initiative during India’s 2019 Interim Union Budget on 1 February 2019. The scheme has cost ₹75,000 crores per annum and has come into effect from December 2018. Further, ₹6000 per year will be paid to each eligible farmer in three installments and will be deposited directly to their bank accounts.
IAS Exam Highlights
- In the first place, this exam is held by the UPSC authority every year. Further, there are many students and working professionals applying for the IAS exam.
- Further, it is not like any other exam. This exam demands you a lot of hard work and effort. This exam has the longest syllabus and is also the toughest exam in India.
- One can go through the official website to know all information related to the IAS exam. Further, we have also covered all details about the UPSC exam that will help you with the exam preparations.
- There are three main rounds in the IAS exam, if you are already aware. Prelims, the main exam, and the interview round. One needs to clear all the stages of the exam.
- In the prelims, there are two papers, and all questions are objective type. It is a qualifying paper. Further, there are nine papers in the main exam, and all questions are descriptive type.
- One must also choose the right optional subject for the IAS exam. Make sure that you have selected according to your skills and interests.
- Further, one needs to follow up with some good tips to get the best results in the exam.
PM Kisan Samman Nidhi
Further, this scheme was the first implemented as the Rythu Bandhu scheme by the Government of Telangana. Later, on 1 Feb 2019, during the 2019 Interim Union Budget of India, Piyush Goyal announced the implementation of this scheme as a nation’s project. Under this, the center can transfer an amount of Rs 6,000 per year, in three equal installments, directly into the bank accounts.
5 Top-Performing States Under PM-Kisan Scheme
- Uttar Pradesh
- Arunachal Pradesh
- Himachal Pradesh
History of PM Kisan Yojana
Talking about the history of the Pradhan Mantri Kisan Samman Nidhi Government of Telangana first implemented iguana as the Rythu Bandhu scheme, where a certain amount is given directly to eligible farmers. Further, it did receive a good response from various organizations for its successful implementation, including World Bank. Besides, many economists suggest that this investment support is better than farm loan waivers. In addition, the Government of India wanted to implement it as a nationwide project,, and Piyush Goyal announced it in 2019.
For 2018–2019, Rs. 20,000 crore was allocated under this scheme. For 2019–2020, the scheme has been revised to benefit nearly two crores more farmers. Ministry of Agriculture and Farmers Welfare has awarded the top-performing state districts under PM Kisan Samman Nidhi Yojana.
Objectives of the PM Kisan Yojana
As we have mentioned earlier, the Pradhan Mantri (PM) Kisan Samman Nidhi Scheme is implemented as a central sector yojana by the Government of India. It aims to offer income support to all eligible land-holding farmers and their families. Further, it also seeks to supplement the financial requirements of the farmers in procuring different inputs to ensure proper crop health and yields commensurate with the anticipated farm income. In addition, it is expected to increase the coverage of PM-KISAN to around 14.5 crore beneficiaries. Besides, it aims to cover about two crores more farmers with an estimated expenditure of Rs. 87,217.50 crores.
There are some eligibility criteria that one must follow. Further, any minor or marginal farmer should not fall under the following criteria to be eligible under the Pradhan Mantri (PM) Kisan Samman Nidhi Yojana.
It includes institutional land-holders. Then, farmers and family members belong to the categories like Former and present holders of constitutional posts, Former and current Ministers/ State Ministers, Former or present members of LokSabha/ RajyaSabha/ State Legislative Assemblies/ State Legislative Councils. Besides, formers belonging present Mayors of Municipal Corporations, Former and current Chairpersons of District Panchayats. All retired persons who get a monthly pension of amount Rs.10,000/. In addition, Any individual who paid their income tax in the last assessment year is not eligible under this scheme. Lastly, Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and carried out the profession by undertaking practices.
Farmers are required to submit the documents mentioned below.
- Citizenship certificate
- Landholding papers
- Aadhaar card
- Bank account details
Further, talking about the advantages, the direct transfer of funds is one of the most significant advantages of this scheme. Then, all records related to farmers are registered officially on a digital platform which has made the registration and fund transfer easy. Further, the scheme eases the liquidity constraints of farmers. Besides, this scheme is a big step towards the Government’s modernization agriculture initiatives. Lastly, there is no discrimination in choosing the PM-KISAN beneficiaries.
How it will help the Economic Growth of the Nation?
This scheme acts as a strong consumption stimulus that will help economic growth mainly due to slower economic growth because of the decreased rural demand. Further, it will allow more autonomy, thereby giving the power to farmers to utilize money according to their needs. Also, enhancing agricultural productivity and output leads to overall growth and income.
In addition, it will also help the nation reduce poverty ensure sustainable food security and inclusive growth and wellbeing of farmers. They will have complete independence to take up interventions as per their needs. Besides, this income floor will provide a safety net against health, income, and other shocks. It helps with better decision-making and will help them to increase their revenue and overall growth. It will also encourage more significant usage of bank accounts, leading to higher profits for banking correspondents.
Conclusion – PM Kisan Samman Nidhi Yojana
This article will give you complete information related to the PM Kisan Samman Nidhi and PM Kisan Samman Nidhi official website. It is one important concept for the IAS exam. Therefore, we have added all the essential things to help you with the UPSC exam. Know about the PM Kisan Samman Nidhi Scheme, history, objectives, eligibility, etc. Further, one can give mock tests, and various platforms offer you many test series. These things will help you improve your skills and know your improvement areas. Later, find all details related to the other IAS exam study materials. Click here for more information. As we have mentioned earlier, one needs to get through the official site. Read More.
FAQs – PM Kisan Samman Nidhi Yojana
Any individual who filed income tax in the previous Assessment Year (AY) or their family cannot receive Pradhan Mantri Kisan Samman Nidhi Yojana.
Citizenship certificate, Landholding papers, an Aadhaar card & Bank account details
As per the rules, the government has made ration cards mandatory documents.
Editor’s Note | PM Kisan Samman Nidhi
Get all details related to the PM Kisan Samman Nidhi official website and PM Kisan Scheme. It is one of the vital topics for the IAS exam. Further, we have also added all information related to the IAS exam. You will also find important links that will help you provide all information for the exam. Then, to clear the IAS exam, one must be a hard worker and put in all efforts. It is a good idea to maintain a separate book where you have written all essential points, and you can study the same during the IAS exam.
Besides, we believe that reading the IAS officers’ success stories will motivate one to prepare for the IAS exam. To prepare for the exam, one must make the right plan and work hard—Good Luck with the IAS exam. It is normal to get tensed with the exam, but try to prepare for the exam with calm mind.