Budget 2024 for Farmers: Agriculture industry wants FM to hike PM Kisan installment amount to Rs 8,000 in budget

Budget 2024 for Farmers: Agriculture industry wants FM to hike PM Kisan installment amount to Rs 8,000 in budget

During the recent pre-budget discussions, agricultural experts met with Finance Minister Nirmala Sitharaman. According to news reports, they have requested the FM to increase the PM-KISAN installment amount from the current Rs 6,000 to Rs 8,000 annually in Union budget. They have also asked for all subsidies to be given directly to farmers through direct benefit transfer (DBT), as well as additional funds for agricultural research in Budget 2024.

How to do eKYC for PM Kisan scheme: Here are 3 ways

PM Kisan Samman Nidhi

On February 24, 2019, the PM-KISAN scheme was introduced to help land-holding farmers meet their financial requirements, provided they met specific income-based exclusion criteria.

PM Kisan scheme benefit

Eligible farmers’ families nationwide receive Rs 6,000 annually, paid in three installments every four months via Direct Benefit Transfer (DBT), under the PM Kisan scheme.
More than 11 crore farmers nationwide have received payouts totaling more than Rs 3.04 lakh crores up to this point; with this disbursement, the total money paid to beneficiaries since the program’s launch will surpass Rs 3.24 lakh crores.
In fact, after taking charge as the prime minister for the third time, Narendra Modi’s first decision was to release the 17th instalment of the PM Kisan scheme to eligible farmers. The installment benefits 9.3 crore farmers and involves the distribution of around Rs 20,000 crore.
PM Kisan 17th installment released to eligible beneficiaries; how to check status online, reasons for rejection“Ours is a Government fully committed to Kisan Kalyan. It is therefore fitting that the first file signed on taking charge is related to farmer welfare. We want to keep working even more for the farmers and the agriculture sector in the times to come,” PM Modi said in a statement.The PM-KISAN scheme is a central sector program that provides income support to all landholding farmers’ families in the country. This support is meant to supplement their financial needs for purchasing agricultural inputs and meeting domestic expenses.

The government has allocated a budget of Rs 1.27 lakh crore for the Ministry of Agriculture for the 2024-25 fiscal year, slightly higher than the current fiscal, according to Interim Budget documents.

How eligible farmers can register for PM Kisan?

Step 1: Visit pmkisan.gov.in
Step 2: Click on the option of Farmers Corner
Step 3: Click on the ‘New Farmer Registration’ option
Step 4: Select Rural farmer registration or urban farmer registration
Step 5: Enter Aadhaar number, mobile number, select state and click on ‘ Get OTP’.
Step 6: Fill in the OTP and proceed for the registration
Step 7: Enter more details such as select state, district, bank details and personal details. Enter your details as per Aadhaar.
Step 8: Click on ‘Submit for Aadhaar authentication’
Step 9: Once your Aadhaar Authentication is successful, enter your land details, upload your supporting documents and click on save.

You will receive a message of confirmation or rejection on your screen.

If any member of the family is income tax payee in last assessment ear, then the family is not eligible for benefit under the scheme. ln case of incorrect declaration, the beneficiary shall be liable for recovery of transferred financial benefit and other penal actions as per law.

How to check PM Kisan beneficiary status online

Step 1: Visit the Official PM Kisan Website.
Step 2: Access the Beneficiary Status Page.
Step 3: Click on “Beneficiary Status” …
Step 4: Enter your Aadhaar Number or Account Number.
Step 5: Click on “Get Data”
Step 6: View Beneficiary Status.
Step 7: Check for Payment Status.
Your beneficiary status will be shown on the screen when the system processes your request and checks the PM Kisan database for your details

PM Kisan beneficiary rejection reasons

1.Duplicate Beneficiary Name
2.KYC not complete,
3.Farmers belonging to the exclusion category will be rejected.
4.Wrong IFSC code while filling the application form.
5.Bank accounts are closed or not valid, account transferred, blocked or frozen
6.Beneficiaries ’ Aadhaar card is not linked with the bank account.
7.Mandatory fields value missing
8.Invalid Bank, Post Office Name
9.Beneficiary Account number does not belong to beneficiary code and scheme,
10.Both Account and Aadhar are invalid.

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