Namo Shetkari Mahasanman Nidhi Yojana (NSMNY): Empowering Maharashtra’s Farmers with Rs 6,000 Annual Financial Aid

Namo Shetkari Mahasamman Nidhi Scheme was launched by Prime Minister Narendra Modi in October 2023, under which Shetkari families of Maharashtra get an additional Rs 6000 in three equal installments, which means local small farmers get Rs 12,000 of Samman Nidhi. A Government Resolution (No. Kisani-2023/CR 42/11 A), dated June 15, 2023, was issued to formalize the scheme. On October 05, 2024, Prime Minister announced an additional Rs 2,000 crore benefit to the farmers of Maharashtra under the 5th installment of the Namo Shetkari Mahasanman Nidhi Yojana.

NSMNY: Eligibility Criteria

Farmers who qualify for the PM Kisan Yojana are also eligible to receive benefits under the Namo Shetkari Mahasanman Nidhi Yojana. The scheme targets farming families (including husband, wife, and minor children) with cultivable landholding as of February 1, 2019.

Benefits of Namo Shetkari Mahasanman Nidhi Yojana

• Each eligible farmer family will receive Rs. 2,000 per installment, similar to the PM Kisan Yojana.

• Farmers benefiting from the PM Kisan scheme will also receive additional financial aid under NSMNY, providing a total benefit of Rs. 12,000 per year when combined with PM Kisan.

• Direct Benefit Transfer (DBT) ensures funds are directly credited to farmers' Aadhaar-linked bank accounts.

• The NSMNY benefits are based on the beneficiary list provided by the Government of India.

• The first installment of NSMNY is aligned with the 14th installment of PM KISAN.

• Any benefits credited to ineligible recipients under NSMNY will be recovered as per the Standard Operating Procedures (SoP) of the PM Kisan scheme.

Application Process:

• Self-Registration: Farmers must first register themselves on the PM Kisan portal.

• Eligibility Verification: The eligibility of registered farmers will be verified.

• Approval Stages: Approvals are carried out at various levels—first by the Taluka Nodal Officer, then by the District Nodal Officer, and finally, the State Nodal Officer.

This Namo Shetkari Mahasanman Nidhi Yojana ensures continued financial support for India’s farmers, supplementing the PM Kisan scheme and further enhancing their agricultural productivity.