All About PM Kisan Beneficiary Status

PM Kisan Beneficiary Status

PM Kisan Beneficiary Status is a scheme launched by the Government of India to provide financial assistance to small farmers. Under this scheme, every registered farmer receives Rs 6,000 per year in three installments.

To check PM kisan beneficiary status online, visit the official website of the scheme and click on the Beneficiary List tab. Enter your Aadhaar number or mobile number and verify your details with the captcha code.

eKYC

To protect farmers from scams and fraud, the government has made eKYC mandatory for beneficiaries of the PM Kisan scheme. This process helps keep track of beneficiaries and their accounts, making sure that they are not using the money to benefit financially from other schemes.

The eKYC process is completely online, and it can be completed in a few easy steps. It involves filling up a form on the PM Kisan website with your Aadhaar card and uploading Bank Account Details, and other required documents.

Once you have uploaded the information, a four-digit OTP will be sent to your mobile number. You will then have to enter that OTP in the space provided on the page and click on ‘Submit OTP’.

Alternatively, you can also complete the eKYC process by visiting your local CSC centre to have your Aadhaar verified and update the details. Once your account has been updated, you will be able to receive the next instalment of the PM Kisan scheme.

For PM-Kisan beneficiaries, completing the eKYC is crucial as it will help them get their 12th instalment of the scheme. This installment is likely to be released soon, but there may be a delay if the farmers do not complete the eKYC by March 25.

Once the eKYC is complete, the beneficiary will receive their instalment of the scheme through direct benefits transfer. They will then be able to access their instalment through their bank account.

As per the latest news, the deadline for completing eKYC for beneficiaries of the scheme has been extended to May 31, 2022. This is the reason why many farmers have not completed their eKYC yet.

This is especially true for Small and Marginal Farmers. It is estimated that the number of beneficiaries under this scheme has already exceeded the maximum of 6,000, and there are still more than 4 million eligible families.

To ensure that only valid people can use the money, the Central government has made it compulsory for all PM-Kisan beneficiaries to complete eKYC. This enables the Central and State governments to track each farmer and make sure that they are not abusing the scheme or fraudulently using the money.

PFMS

PFMS is an online software programme developed by the Controller General of Accounts (CGA) of India in partnership with the Planning Commission. It is designed to track money released under the Government of India Plan programmes and to report expenditures in real-time at all stages of programme implementation.

Initially, it was limited to tracking funds released under the Prime Minister’s Kisan Scheme. However, in 2013, the scope was widened to include direct payments made under all schemes. Currently, it is used for 13 central sector schemes and has also been implemented by states like UP, Bihar, Madhya Pradesh, Tripura, Maharashtra and Jammu and Kashmir.

The system allows implementing agencies to log in to the PFMS portal to register their schemes, beneficiaries, and agency type. It also has a unique interface with Core Banking Systems (CBS) of banks, which provides real-time reporting of bank transactions.

A number of benefits can be achieved through PFMS, including better financial management and decision support for all levels of program managers. It is a system that can track all grants to the state, as well as individual beneficiaries.

It can track the flow of funds to the lowest level of implementation, resulting in “just-in-time” provision of funding. It can also provide citizens with relevant information, which will enhance transparency and accountability.

Moreover, PFMS can also be used for direct payment to Aadhaar-linked accounts under DBT, which will eliminate the existing layers of intermediaries. It can be accessed through an app or mobile phone.

In order to ensure that the money gets transferred directly to a beneficiary’s bank account, PFMS validates the details of the recipient’s bank and post office accounts with his/her Aadhaar ID. This reduces the risk of misdirected payments and improves efficiency.

The application process is simple and easy. Applicants can simply register on the PFMS website or download the app. Then, they can fill out a form to provide their personal details.

A few of the details that must be provided are their name, address, and contact details. Other categories — such as the father’s name, age, farm size and other details of the applicant’s landholdings — are optional.

Aadhaar Card

Aadhaar is a unique identification number that can be used to verify and authenticate an individual. This helps to prevent fraud and misuse of government benefits, as well as ensure that an individual is eligible for certain services. It also facilitates the direct transfer of government subsidies and benefits into a beneficiary’s bank account, thus reducing the chance of leakages and corruption.

Aadhaar has been made mandatory for almost all welfare schemes of the central government. This includes ration cards, railway tickets, mid-day meals, and public distribution benefits.

It is also important to link your Aadhaar card with your bank accounts. This will ensure that you can access your benefits easily and quickly.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme is a government program that provides cash benefits to landholding farmers to help them cope with unseen natural consequences such as heavy rainfall, drought, and floods. To qualify for the PM-KISAN benefits, farmers must have an Aadhaar card and a bank account in their name.

According to the yojana, all eligible farmers will receive a direct benefit transfer of Rs 2,000 every quarter and an annual amount of Rs 6,000. However, the yojana has been plagued by delays in the disbursement of funds to farmers.

This is mainly because of the lack of proper IT systems and infrastructure to handle the payments. In order to address these issues, the scheme introduced a robust payment and reconciliation platform known as PFMS that is integrated with 500+ banks for verification of the bank account and the Aadhaar seeding of the beneficiaries bank accounts.

Upon completion of verification, the banks will send a verification code to your bank mobile number and the Aadhaar card will be seeded online. After this, you will be able to check your PM-KISAN beneficiary status by using your Aadhaar number and registered mobile number on the official website of PM-KISAN.

Aadhaar has been linked to many different government services and programs, such as LPG subsidies, ration cards, and railway ticketing. This has been done to improve transparency and accuracy in the distribution of benefits, as well as speed up the processing of applications for these benefits.

Bank Account

A bank account is a way to store, manage and spend money. It typically allows you to deposit and withdraw cash, make payments and transfer money to other people or institutions, and pay bills online. A bank account can also be used to save and invest, though most are not interest-bearing accounts.

Having a bank account can be a great way to manage your finances and reach your financial goals, as it provides a way to track your spending and ensure you are not overspending. In addition, bank accounts can also help you monitor your credit score and catch identity theft.

In India, there are a variety of bank account types to choose from, including Savings, Current, BSBDA, Fixed and Recurring Deposits, and NRI accounts. Each type has unique characteristics and specific requirements, such as minimum balances and minimum deposits.

There are also several different types of checking accounts that offer benefits and perks such as cash back on purchases, interest-bearing options and more. Some even offer additional services such as retirement planning and mortgages.

The importance of having a bank account cannot be overstated, especially in today’s increasingly digital age. It is a highly regulated and safe place to store your money, and they offer a wide range of services that can help you get ahead financially.

A bank account is a key component of any savings plan, and it can be beneficial for anyone who wants to get started. In fact, over 7 million households in the United States don’t have a bank account.

Many banks offer a wide variety of accounts to meet the needs and preferences of their customers, so it’s important to understand all of them. There are savings, current, BSBDA, fixed and recurring deposits, and NRI accounts, each offering a unique set of advantages.

The PM Kisan scheme is a central government program that offers income support to all land-owning farmer families, and it has been in existence since 2019. It was designed to provide financial assistance to small and marginal farmers and is given out in three equal instalments of two thousand rupees every four months.