PM-Kisan Samman Nidhi or PM Kisan Mandhan Yojana: Which Scheme is more Beneficial for the Farmers and Why

There are many schemes in agriculture that have been implemented by the Government to help the farming community in some or the other way. If we talk about the current scenario then there are two schemes that are more popular among the farmers - PM-Kisan yojana and PM-Maandhan yojana.

Both the schemes are different from each other but their objective is same i.e. to help the farmers by providing some monetary help. So let’s know about them in detail;

What is PM Kisan Yojana?

With a view to increase the income of Small and Marginal Farmers, the Government launched a new Central Sector Scheme, called ‘Pradhan Mantri Kisan Samman Nidhi, popularly known as PM-Kisan’ in 2018. The scheme aims to supplement the financial needs of cultivators in obtaining various inputs to ensure proper crop health & appropriate yields. It also protects farmers from falling in the clutches of moneylenders for meeting such expenses.

Under PM Kisan yojana, an income support of 6,000 per year is provided to the farmers in three equal installments of Rs. 2000 each. The fund is directly transferred to the bank accounts of the farmer beneficiaries. Till now, the Centre has transferred 7 installments under PM Kisan scheme benefiting more than 9 crore farmers.

PM Kisan Samman Nidhi Yojana is becoming popular day by day because of timely distribution of fund and easy registration process. For kore details visit - https://pmkisan.gov.in/

Click to register

Click to check status

Click to update details

What is Pradhan Mantri Kisan Maandhan Yojana

Pradhan Mantri Kisan Maandhan Yojana is a Central Government scheme launched for old age protection as well as social security of farmers. Till now, 21, 14,726 farmers have registered under the scheme that provides guaranteed pension of Rs. 3000 per month.

Eligibility

In order to register for the scheme, farmers have to be in the age group of 18 to 40 years. They must have cultivable land up to two hectares as per land records of the concerned State or UT.

Benefits of PM Kisan Maandhan Yojana

There is no fees for PM Kisan Maandhan Yojana registration. If a farmer is availing the benefit of PM-Kisan then no separate documents will be taken for this scheme. In addition, under this scheme, farmers can choose to contribute directly from the benefits received from the PM-Kisan yojana. In this way, they will not have to spend money directly from their pocket. Farmers need to make a monthly contribution of Rs.55 to Rs.200 - depending on their age of entry.

PM Kisan Mandhan Registration process

The registration for this scheme can be done online or via Common Service Centres in different states. For self-enrollment, click this link - https://maandhan.in/auth/login

Conclusion

Both the schemes are beneficial for the farmers, one provides income support for agricultural purposes and the other gives social security in form of pension. Hence all the farmers in the country must take benefit of these government schemes.