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PM Kisan Samman Nidhi Yojana: Government Recovered ₹335 Crore From Ineligible Farmers

02 January 20254 mins read by Angel One
The 19th instalment of PM Kisan Samman Nidhi Yojana is expected to be disbursed in February 2025. Ineligible farmers to surrender the benefits.
PM Kisan Samman Nidhi Yojana: Government Recovered ₹335 Crore From Ineligible Farmers
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According to the Ministry of Agriculture, the Government of India has disbursed over ₹3.46 lakh crore in 18 instalments since the scheme’s inception.

The scheme originally operated on a trust-based system, where beneficiaries were registered by the states through self-certification. Aadhaar seeding was initially relaxed for some states. However, to address issues related to ineligible beneficiaries, several technological interventions were introduced, such as integration with the Public Financial Management System (PFMS), UIDAI, and the Income Tax Department. Additionally, land seeding and Aadhaar-based payment with e-KYC became mandatory.

Farmers who failed to meet these criteria were marked as ineligible by the states/UTs. Once these farmers fulfil the requirements, they will become eligible to receive the scheme’s benefits and any pending instalments.

Recoveries have been initiated for ineligible farmers, including those marked as being income tax payees, belonging to higher-income groups, or being government employees. To date, ₹335 crore has been recovered from ineligible beneficiaries across the country, including Assam.

Who is Not Eligible For PM Kisan Samman Nidhi Yojana?

The following categories of individuals are ineligible for benefits under the scheme:

  • Institutional landholders.
  • Farmer families belonging to any of the following groups:
    1. Past and present office bearers of constitutional posts.
    2. Past and present ministers, state ministers, and current or former members of the Lok Sabha, Rajya Sabha, State Legislative Assemblies, and State Legislative Councils, including mayors of municipal corporations.
    3. Serving or retired officials and employees of the central or state government, public sector enterprises (PSEs), autonomous bodies, and local bodies (excluding part-time workers, Class IV, and Group D staff).
    4. Retired pensioners receive a monthly pension of ₹10,000 or more (excluding part-time workers and Class IV employees).
    5. Individuals who paid income tax in the last assessment year.

How to Voluntarily Surrender PM Kisan Benefits?

If you are an ineligible farmer receiving PM Kisan benefits, you can voluntarily surrender the benefits by following these steps:

  1. Visit the official PM Kisan website:https://pmkisan.gov.in/
  2. Scroll down and click on the “Voluntary Surrender of PM Kisan Benefits” tab.
  3. Enter your registration number and the CAPTCHA code, then click “Get OTP.” The OTP will be sent to your Aadhaar-linked mobile number.
  4. Enter the OTP and check the total amount received.
  5. Click “Yes” when prompted, confirming that you wish to surrender your PM Kisan benefits. Once you confirm, your account will no longer receive benefits.

About PM Kisan Samman Nidhi Yojana

Under the PM Kisan Samman Nidhi Yojana, the central government provides an annual monetary benefit of ₹6,000 to eligible farmers’ families through the Direct Benefit Transfer (DBT) system. This amount is distributed in three equal instalments every four months directly into the farmers’ bank accounts. All landholding farmers, including small and marginal farmers, are eligible for benefits, regardless of the size of their landholding.

When Will the PM Kisan 19th Installment be Released?

The 19th instalment of PM Kisan is expected to be disbursed in February 2025. However, the official confirmation regarding the exact release date is still awaited.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

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