InvestorQ : Can you share the details of PM Kisan Samman Nidhi Yojana and why the government is holding back installments?
Anusha Savla made post

Can you share the details of PM Kisan Samman Nidhi Yojana and why the government is holding back installments?

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Ayushi Kampani answered.
1 month ago
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This scheme of PM Narendra Modi looks to provide assistance to the rune of Rs 6000 annually to farmers. This assistance shall be available in 3 installments of Rs 2000 each. The benefit of the scheme shall be available to farmers having combined landholding up to 2 hectares. This scheme aims to cover 125 million farmers, irrespective of the size of their landholding in the country.

Following documents would be required for the scheme:

  • Bank account details
  • Aadhaar Card
  • Citizenship certificate
  • Landholding papers
However, the government has decided to take stringent action against those claiming to be the beneficiaries of the scheme, but in fact, are not the beneficiaries. Many cases have come up in Jharkhand where fake beneficiaries were taking benefits of the scheme. Consequently, the government has lodged a fraud case against those beneficiaries, and their payment has stopped. As per the data released by the Agriculture Ministry, out of nearly 12 lakh beneficiaries, about 4% found to be sham, ineligible, or invalid.

After an authentication process, it was also found that some of the beneficiaries who did not even apply to the scheme were added for the benefits of the scheme. So, not all installments were held by the government, but the ones that did not go through the authentication process have stopped.


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