The PM Kisan Yojana or the Pradhan Mantri Kisan Samman Nidhi is the Indian government’s initiative designed to support farmers. The PM-Kisan scheme was announced on 24 February 2019 and provides ₹ 6,000 per farmer annually, released in three equal installments of ₹ 2,000 each. This amount is directly remitted into the bank accounts of the farmers who qualify for the program. The scheme aims to provide farmers with agricultural inputs and other necessities to enable them to feed their families.
Until the financial year 2024, the scheme has provided relief to more than 11 crore farmers in India. The total projected cost of the scheme is approximately ₹ 75,000 crore every year, funded exclusively by the central government. The scheme also requires an eKYC process, and the names and identification of farmer beneficiaries must be verified before registration. The PM Kisan Scheme has proven to be a progressive step toward enhancing the financial health and development of the agriculture sector in India.
Overview of the PM Kisan Yojana 2024
PM Kisan Yojana is a scheme by the central government to help small farmers in India. Fpo stands for Farmer Producer Organization.Under this scheme the The farmers of the country are able to recieve ₹15 lakhs.With this amoun the farmers in the country are able to Get benefited through buying the machines. Which are required for farming purposes.This scheme also enables to form 10000 farmers as an organization in the respective field of consultancy.
It is a group of farmers who work together to improve their income and business. The scheme aims to create 10,000 Farmers by 2023 and support them with subsidies, loans, training and marketing. This scheme requires some 300 people in an organisation who are farming in a plain region and also required 100 farmers if they work in hilly region.
[ Also Read: Pm Kisan Beneficiary List ]
What are the Objectives of of PM Kisan Yojana
The main objectives of the PM FPO Yojana are:
- This scheme provides small farmers with a collective voice and bargaining power in the market.
- It also helps To reduce the cost of production and increase the quality and quantity of output.
- Therefore To enhance the access to credit, insurance, technology, extension and other services.
- Also To promote value addition, processing, branding and marketing of farm produce.
- Therefore To create employment opportunities and livelihoods in rural areas.
- Further most To foster social capital, trust, and cooperation among farmers
What are the Benefits of Pm Farmer Producer Organization
- Credit-linked subsidy of 35% of the project cost up to ₹ 10 lakh per Fpo unit
- Seed capital of ₹ 40,000 per member of SHG for working capital and buying small tools
- Training and skill development for Fpo members and SHG members
- Branding and marketing support for Fpo products
- Access to common services like processing facilities, labs, storage, packaging and incubation
- Professional and technical support from experts and institutions
Eligibility Criteria For PM Kisan Yojana
To be eligible for PM Kisan Yojana, you need to meet the following criteria:
- You must be a small or marginal farmer with less than 1.1 hectare of landholding
- You must be a member of an Fpo or an SHG or an individual farmer
- You must have a minimum contribution of 10% of the project cost
- You must have a bank loan for the remaining project cost
Documents Required :-
To apply for PM FPO, you need to have the following documents:
- Aadhar card
- Permanent address card
- Land paper
- Bank account passbook
- Ration card
- Income statement
- Caste or group certificate (if applicable)
What Is The Use Of PM Kisan Yojana ?
Pm fpo stands for Pradhan Mantri Formalisation Of Micro Food Processing Enterprises. It is a scheme launched by the central government to support the micro food processing units and farmer producer organizations (FPOs) in the country. FPOs are groups of farmers who work together to access inputs, markets, and services for their produce.
To write in basic English, Pm fpo is a plan to help small food makers and farmer groups in India. They can get money, tools, and training from the government. They can also sell their food better.
How To Apply For PM Kisan Yojana Online ?
To apply for PM Fpo Yojana, you need to form an Fpo with at least 11 members. You can register your Fpo online at
https://enam.gov.in/web/https://enam.gov.in/web/ or at the nearest e-NAM mandi. You will need to provide the following details:
- Name of Fpo
- Name, address, email and phone number of authorized person (MD/CEO/Manager)
- Bank account details (Name of bank, branch, account number, IFSC code)
You can also register as an individual farmer or as a member of a self-help group (SHG) at https://pmkisan.gov.in/.
Frequently Asked Questions On PM Kisan Yojana
What is PM Kisan Yojana?
PM Kisan Yojana is a government scheme to give financial support to farmers.
How much money do farmers get?
- Farmers get ₹6,000 per year, paid in three installments of ₹2,000 each.
How many farmers have benefited from the scheme?
- Over 11 crore farmers have benefited from the scheme.
What is the total annual cost of the scheme?
- The total annual cost is around ₹75,000 crore.
When was the scheme launched?
- The scheme was launched on 24th February 2019.
Who is eligible for the scheme?
- All landholding farmers’ families with cultivable land are eligible.
Are there any exclusions?
- Yes, institutional landholders and certain high-income categories are excluded.
How is the money transferred to farmers?
- The money is directly transferred to the bank accounts of eligible farmers.
Is eKYC mandatory for the scheme?
- Yes, eKYC is mandatory for registered farmers.
What is the definition of a farmer’s family under the scheme?
- A farmer’s family includes the husband, wife, and minor children.
