Namo Shetkari Mahasanman Nidhi Yojana: NSMNY Scheme - Help For Farmers

The Namo Shetkari Mahasanman Nidhi Yojana (NSMNY) was started by the Maharashtra government to increase financial help to the farmers. This agriculture scheme, which is a supplementary scheme to the PM Kisan Yojana, grants the farmers a yearly payment of 6,000 Rupees. The beneficiaries of the govt scheme are the farmers of Maharashtra who get some income as a result of government funding for resources geared towards agricultural development.

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What Is Namo Shetkari Mahasanman Nidhi Yojana?

The Namo Shetkari Mahasanman Nidhi Yojana (NSMNY) is a welfare scheme by the Maharashtra government providing monetary assistance to eligible farmers. In this state government scheme, farmers are paid ₹6,000 per year, which is made in three instalments of ₹2,000 each. This government program is a supplement to the PM Kisan Yojana. The payments are made directly into the bank accounts of the beneficiaries who have linked their accounts to the Aadhaar number, thereby increasing support for farmers and improving rural living standards.

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Benefits

This NSMNY scheme proves very helpful to farmers as it provides them with financial assistance and ensures that funds are properly disbursed to the farmers. Below are the benefits of this government scheme that registered farmers may look forward to:

• Financial Assistance: The total amount is ₹6000 a year in three equal instalments and will be deposited into each benefited farmer’s family accounts directly.

• Complement to PM Kisan: Those beneficiaries entitled to the PM Kisan scheme will also get NSMNY assistance which goes to a total of ₹12,000 for both schemes.

• Direct Benefit Transfer: The funds will be paid out only to beneficiaries who have Aadhaar-linked accounts.

• Targeted Distribution: The distribution of the first instalment is based on the list of beneficiaries from the 14th instalment of the PM Kisan scheme.

• Accountability: Overpayments to ineligible beneficiaries are recovered following the PM Kisan Standard guidelines.

Objective

The NSMNY seeks to enhance the financial stability of farmers through the provision of timely credit facilities. This provides the farmers with a regular income which in turn allows for the management of farming expenditure, reducing financial stress, and spending on better crops. The objectives of the govt scheme reflect Maharashtra’s approach towards agricultural concerns and also contribute towards the goals of PM Kisan Yojana.

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Eligibility Criteria

For the farmers to qualify for the NSMNY scheme, some specific criteria must be met that ensure assistance is provided to the eligible candidates only. Here are the conditions they must meet:

• Cultivable Land Holding: The farmer families, which include the husband, wife and minor children, should possess cultivable land as of February 1, 2019.

• PM Kisan Eligibility: Only those farmers whose eligibility status is recognised in PM Kisan Yojana can qualify for NSMNY.

Exclusion

The NSMNY scheme excludes a few individuals and groups to enhance the targeting of the beneficiaries. The following categories are ineligible:

1. Institutional Land Holders

2. Families with Embodied Higher Economic Status yes including

• Current / ex-holders of the post of the constitution

• Members of Parliament, ministers, mayors, and hypothetical senior government officers

• Pensioners with CPF with a pension above ₹10000 pm (exemption classes not included)

• Income taxpayers, professionals like doctors, engineers, lawyers, NRIs and those above economic standard

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Application Process

Farmers eligible under the NSMNY scheme can apply easily using the application process which has been simplified as below

• Step 1: Registering yourself on the PMKISAN Portal: It is the first step that all farmers who are willing to avail the benefits under the PM Kisan scheme should carry out.

• Step 2: Eligibility Verification: Eligibility is also checked for the registered beneficiaries.

• Step 3: Taluka Level Approval: Before approving, every Taluka Nodal Officer first confirms the necessary details.

• Step 4: District and State Level Approval: District and state officers check and confirm applications, which conclusively determine eligibility.

Note: In cases where a Taluka Nodal Officer registers a farmer directly, there is no need for approval from either district or state levels.

Documents Required

For the farmers to be able to fill in their application under the NSMNY scheme, they need to submit some specific documents. The important documents needed are as follows:

• Aadhaar card

• Land records including Form 7/12 and Form 8-A

• Transfer document (Ferfar)

• Ration card

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Conclusion

The Namo Shetkari Mahasanman Nidhi Yojana is an important program which encourages the farmers of Maharashtra by providing the benefits extended by PM Kisan. This agriculture scheme provides timely and transparent financial assistance to the farmers of Maharashtra and strengthens their income-generating capabilities using Direct Benefit Transfer.

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