PM Kisan Samman Nidhi Yojana (PM KISAN) was launched on 24 February 2019 as a Central Sector Scheme completely funded by the Union Government. The scheme aims to provide financial assistance to all eligible land-holding farmers. The landholder farming families get Rs. 6,000 per year to supplement their financial requirements.
Read more
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
4.8++ Rated
9.7 CroreRegistered Consumer
51 PartnersInsurance Partners
4.9 CrorePolicies Sold
We are rated++
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best˜ returns & make the most of your golden years
PM KISAN is a Central Government Scheme that provides financial benefits to farmers with a fixed income of Rs. 6000 annually.
The amount is transferred in 3 equal instalments of Rs. 2000 every 4 months.Â
The farmer families can utilise this supplementary money for the following:
Procure various inputs for agriculture
Pay for requirements in allied activities
Cover expenses for domestic household needs
Features of PM KISAN Yojana
Let us learn the features of PM Kisan Samman Nidhi Yojana through the table below:
Features
Details
Scheme Administered by
Ministry of Agriculture and Farmers Welfare (Government of India)
Scheme Effective from
1st December 2018
Scheme Officially Launched on
24th February 2019
Funded by
Central Sector SchemeÂ
(100% funded by Central Government)
Who Identifies Beneficiaries
State/ UT government decides the eligible farmer’s families as per the land-ownership records
Income to Farmers
Rs. 6000/year in 3 equal instalments of Rs. 2000 in every 4 months duration
Beneficiaries
PM KISAN yojana benefits approximately 14.5 crore farmers
Loan Facility
Provide collateral-free short-term loans through Kisan Credit Card (KCC)
*Note: Earlier, only small and marginal farmers holding cultivable land of up to 2 hectares were eligible to get PM KISAN Nidhi. The government removed the landholding limitation in May 2019.
Benefits of PM Kisan Samman Nidhi Yojana
The eligible farmers can avail of various benefits by subscribing to PM Kisan Samman Nidhi Yojana 2023, which are:
Income Benefits
Eligible farmers are provided benefits of quarterly income with the following details:
Rs. 6000/year is paid to all the eligible farmers’ bank accounts
The sum is transferred in 3 equal instalments of Rs. 2000 every 4 months duration of:
April to July
August to November
December to March
Loan Facility
Under PM KISAN, the farmer can avail of short-term loans through Kisan Credit Card (KCC) with the following features:
Loans at cheap interest rates
Avail loans of up to Rs. 3 lakhs without any collateral
Provides in-built coverage of crop insurance
Offers flexible loan repayment options
Secure Your Retirement Today
Start Investing₹6,000/month
Get Pension₹60,000/month+
IncludingLife Cover
View Plan
+Standard T&A Applied
Eligibility Criteria
As per the eligibility criteria of PM KISAN Yojana, all the landholding farmer families are eligible to avail of the benefits.
Definition of Family:
A family consists of a husband, wife and minor children
It must hold a cultivable land listed in the State/UT land records
To apply successfully in PM KISAN Yojana, the farmers must provide the following details:
Citizenship proof
KYC documents
Bank account details
Aadhar Number
If an Aadhar number is not issued: Aadhar Enrolment Number with an identification card (Driving License/ Voter Id Card/ NREGA Job Card)
Note: The farmer must have an Aadhar number, as the Kisan Samman Nidhi is released based on a database linked to the Aadhar card.
How To Register Under PM KISAN?
The process to enrol into PM Kisan Samman Nidhi Yojana the farmer can follow these methods:
Method I: Contact the Revenue Officials/ village Patwari/ Designated Officer and provide all the required details to enrol in PM KISAN Yojana
Method II: Visit the nearby Common Service Centre (CSC) and complete the registration process upon submitting the applicable fees.
Method III: Complete self-registration through the “Farmers Corner” section on PM KISAN online portal.Â
Method IV: Complete the online registration process through the mobile app. Download the PM KISAN mobile app from the following:
Google play store
“PM KISAN Mobile App” option from PM KISAN Yojana portal
Steps to online register for PM KISAN Yojana:
Step 1: Visit the PM KISAN portal of the Ministry of Agriculture and Farmers Welfare
Step 2: Go to the “Farmers Corner” section and select the “New Farmer Registration” option
Step 3: Fill up the following details on the New Farmer Registration Form page to check if the farmer is already registered in the system
Rural/ Urban Farmer Registration
Aadhar number
State of the farmer
Step 4: Fill in the captcha and press the “Search” button. If the system displays no database of the farmer, a window will pop up asking “If you want to register yourself?”
Step 5: Click on “Yes” to apply for new registration
Step 6: Enter all the credentials and press on “Save” button
Follow the instructions mentioned further in the form and complete the enrolment to PM KISAN Yojana.
Details Required to complete the PM KISAN registration process:
The State/UT Governments prepare a database of eligible beneficiaries belonging to the landholding farmer families by registering the following details:
Name of beneficiary
Age of beneficiary
Gender
Citizenship proof
Category (SC/ST)
Bank account details
Aadhar Number
If Aadhar number not issued: Aadhar Enrolment Number with an ID card (Driving License/ Voter Id Card/ NREGA Job Card)
Mobile number
How to Check the PM KISAN Beneficiary Status?
If facing any issues with fund transfer the eligible farmers can check their PM KISAN beneficiary status online with the following steps:
Step 1: Visit the official website of PM KISAN Yojana
Step 2: Go to the section “Farmers Corner” and click on the “Beneficiary Status” tab
Step 3: Enter the following relevant information:
Mobile/ Registration Number
Captcha code
Step 4: Click on “Get Data”. The beneficiary information of the farmer will be visible.
Checking farmer’s status in PM KISAN Village Beneficiary List:
Step 1: Visit the PM KISAN online portal
Step 2: Go to Section “Farmers Corner” and click on the tab “Beneficiary List”
Step 3: Select the relevant options for the following:
State
District
Sub-District
Block
Village
Step 4: Check the selected information and press “Get Report”
The farmer can view their beneficiary status in the PM KISAN Yojana 2023 List of the particular village.
Pradhan Mantri Kisan Samman Nidhi (PM KISAN) helps augment the income inflow of Small & Marginal Farmers (SMFs). This supplementary income ensures the financial protection of the farmers and prevents them from falling into the debt trap. Kisan Samman Nidhi helps farmers make a bit relieved in meeting their financial commitments.
Farmers can check the beneficiary status by taking the following steps:
Visit the official website of PM KISAN portal
Got to the “Farmers Corner” section and select the “Beneficiary Status” option
Enter the required details: Aadhar/ Account/ Mobile number
Enter the captcha data and press on “Get Data” button
The beneficiary will be able to view all the instalment transaction history.
What is my beneficiary's name?
The beneficiary name is the family or a person from the immediate family who is legally designated by the subscriber/policyholder to receive the financial returns of the plan/scheme.
When is PM KISAN's 13th Instalment date?
The government of India released the 13th instalment of Pradhan Mantri Kisan Samman Nidhi on 27.02.2023.
How can I check my Aadhar Card in PM KISAN?
To check the Aadhar Card linking status with the PM KISAN account, the steps to follow are: Step 1: Visit the official website of PM KISAN card Step 2: Go to “Farmers Section” and select “Edit Aadhar Failure Records” Step 3: Enter the Aadhar number to check the status Step 4: The farmer can view the Aadhar link status through the pop-up dashboard.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. ++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
Secure Your Retirement Today
Start Investing₹6,000/month
Get Pension₹60,000/month+
IncludingLife Cover
View Plan
+Standard T&C Applied
Insurers Offering Pension Plans
Tata AIA
Axis Max Life
Bajaj Allianz
SBI Life
HDFC Life
ICICI Prudential
Bharti AXA Life
Edelweiss Life
Kotak Life
Future Generali
PNB MetLife
Aditya Birla Sun Life
Aviva
Ageas Federal
Bandhan Life
Canara HSBC
IndiaFirst
Pramerica Life
Reliance Life
Sahara Life
Shriram Life
Star Union
View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.