The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, launched in February 2019, aims to provide financial assistance of ₹6,000 annually to eligible farmers through Direct Benefit Transfer (DBT).
However, strict monitoring has revealed that ineligible individuals, including income tax payees, PSU employees, government staff, and constitutional post holders, received funds unlawfully. In response, the government has recovered ₹416 crore and reinforced verification measures to maintain transparency.
To prevent further misuse, the government has made Aadhaar-based payments, land seeding, and electronic Know Your Customer (eKYC) processes mandatory. Payments to farmers who fail to meet these requirements have been temporarily halted, with pending instalments to be released upon compliance.
These steps ensure that only eligible farmers benefit from the scheme, reducing fraudulent claims and improving fund allocation.
To enhance efficiency, the government has integrated various technological tools:
Additionally, nationwide saturation drives, in collaboration with State Governments, have expanded enrolment. Since November 15, 2023, over 1.5 crore new farmers have joined the scheme.
PM-KISAN has played a crucial role in supporting farmers, with ₹3.68 lakh crore disbursed across 19 instalments. Research by the International Food Policy Research Institute (IFPRI) highlights its positive impact on rural economic growth, credit accessibility, and agricultural investment.
With stricter compliance measures and advanced technology, the government aims to ensure that financial aid reaches only deserving beneficiaries, strengthening the agricultural sector’s foundation.
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.
Published on: Mar 20, 2025, 2:23 PM IST
Team Angel One
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