Big decision of Modi government! Important announcements related to PM Kisan Samman Nidhi and KCC loan waiver.

KCC kisan krja mafi Latest Update : 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 to release the 17th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. This decision will directly benefit about 9.5 crore farmers of the country.

Under the PM-KISAN scheme, eligible farmer families are given financial assistance of Rs 6,000 every year. This amount is sent directly to the farmers’ bank accounts in three equal installments, of Rs 2,000 every four months. This scheme was launched 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	Landholder 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 disbursed	over Rs 3.45 lakh crore
next instalment date	October 5, 2024 (Expected)

18th installment of PM-KISAN scheme: What is the new update?

Prime Minister Narendra Modi is going to release the 18th installment of PM-KISAN scheme in Washim, Maharashtra on October 5, 2024. Under this installment:

More than 9.4 crore farmers across the country will get benefit
A total amount of more than Rs 20,000 crore will be distributed
This amount will be sent directly to the farmers’ bank accounts

Who is eligible for PM-KISAN Scheme?

The following farmers are eligible for this scheme:

Citizens of India who are farmers
Those who have maximum 2 hectares of cultivable land
Those 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 ‘New Farmer Registration’
Fill in the required information and upload the documents
Submit the form

eKYC: A mandatory process for the 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 completed using One Time Password (OTP)
Biometric based eKYC:
- Available at Common Service Centre (CSC) or State Service Centre (SSK)
- Farmers can get eKYC done using their biometric information
Facial recognition based eKYC:
- Available on PM KISAN mobile app
- Farmers can complete the eKYC process through their facial recognition

Kisan Credit Card (KCC) Scheme: What is the new update?

The 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 here are some important points of the scheme:

Farmers can avail loan up to Rs 3 lakh through KCC
The interest rate on this is 4% per annum
Additional 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 agricultural loans up to Rs 2 lakh
Jharkhand: Decision to waive crop loans up to Rs 2 lakh
Chhattisgarh: Announcement to waive 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 present holders of constitutional posts
Former and present Ministers/Ministers of State and MPs/MLAs
Former and present Mayors and District Panchayat Presidents
Serving or retired officers and employees of the Central/State Government
Retired pensioners receiving monthly pension of Rs 10,000 or more
All persons who have paid income tax in the previous assessment year
Professionals like doctors, engineers, lawyers, chartered accountants

PM-KISAN Scheme: Important Facts and Figures

Scheme started: 1 December, 2018
Number of beneficiaries: More than 11 crore
Total amount disbursed: Over Rs 3.45 lakh crore
Amount disbursed during Covid period: Rs 1.75 lakh crore
New beneficiaries added during Vikasit Bharat Sankalp Yatra: More than 1 crore
Particularly Vulnerable Tribal Group (PVTG) farmers added: 6 lakh

PM-KISAN Scheme: Impact and Significance

PM-KISAN scheme has had a positive impact on the lives of farmers:

Increase in the income of farmers
Improving agricultural productivity
boost to rural economy
Improvement in living standards of farmers
Encouraging investment in agriculture sector

conclusion

The 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 agricultural sector of the country. With the continuous efforts made by the government, this scheme is becoming more effective and comprehensive.

Disclaimer

This article has been prepared based on publicly available information. While the PM-KISAN scheme and the Kisan Credit Card (KCC) scheme are real, there is currently no nationwide farmer loan waiver scheme announced by the central government. Some state governments have launched loan waiver schemes at their own level, but these are not applicable in all states. Before applying for any government scheme or benefit, please verify the information from official sources. Schemes and policies may change from time to time, so check government websites or authorized offices for the latest information.

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Big decision of Modi government! Important announcements related to PM Kisan Samman Nidhi and KCC loan waiver.