PM Kisan KYC stands for Pradhan Mantri Kisan Samman Nidhi Yojana Know Your Customer. It is a process of verifying the identity of farmers who are registered under the PM Kisan Yojana. The purpose of KYC is to ensure that only eligible farmers receive the benefits of the scheme.
Based on the latest information, beneficiaries are required to perform an eKYC update in order to receive their installment payments for PM Kisan KYC 2023. You can complete this update on the official website at www.pmkisan.gov.in. Under the PM Kisan Yojana, registered beneficiaries receive an annual monetary incentive of ₹6,000, which is disbursed in four-month intervals directly to their bank accounts. To stay informed about PM Kisan eKYC updates, please keep an eye on this post.
It is important to note that all farmers registered under the PM Kisan Yojana are required to complete their KYC by March 31, 2024. If a farmer fails to complete their KYC by the deadline, their benefits will be suspended.
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PM Kisan KYC Update 2023
The Indian government has extended the deadline for PM Kisan KYC update to March 31, 2024. This means that all farmers registered under the PM Kisan Yojana are required to complete their KYC by this date in order to continue receiving the benefits of the scheme. Farmers can complete their KYC online or offline. To complete KYC online, farmers can visit the PM Kisan website and click on the “e-KYC” link. They will need to enter their Aadhaar number and OTP to complete the process. To complete KYC offline, farmers can visit a Common Service Center (CSC). The CSC operator will help them to complete the KYC process using their Aadhaar biometric data.
The Central Government has introduced modifications to the PM Kisan Yojana Scheme due to numerous erroneous payments made in the beneficiaries’ names. Many farmers had previously lodged complaints about non-receipt of payments. In response, the Government of India conducted thorough reviews and multiple meetings, leading to the announcement of a new method for installment payments. Henceforth, beneficiaries will receive their payments through the eKYC method.
What Is PM Samman Nidhi Yojana E-KYC
PM Samman Nidhi Yojana (PM Kisan) e-KYC is the method used to authenticate the identity of farmers enrolled in the PM Kisan Yojana by utilizing their Aadhaar biometric details. This process is conducted online through the PM Kisan website. To undergo PM Kisan e-KYC, farmers must have their Aadhaar number and mobile number registered with the PM Kisan Yojana. Subsequently, they can navigate to the PM Kisan website, click on the “e-KYC” link, and provide their Aadhaar number and OTP. Once these details are entered, they can complete their KYC by using their Aadhaar biometric data.
Farmers enrolled in the Kisan Yojana are required to refresh their eKYC information to receive their installment payments. Over 12 crore beneficiaries are part of the PM Kisan Yojana. Concerns arose after the previous installment (13th Installment) was disbursed on February 27, 2023, as many farmers reported not receiving their payments. Following a review by the Government of India and subsequent meetings, it was revealed that these were invalid payments that did not reach the intended beneficiaries. As a response, the Government of India has introduced a new update mandating beneficiaries to update their eKYC details in order to receive their installment payments.
How To Do PM Kisan KYC Update Online 2023
To do PM Kisan KYC update online in 2023, follow the below given steps:
- Go to the PM Kisan website: https://pmkisan.gov.in/
- Click on the “Farmer Corner” tab in the top right corner of the page.
- Click on the “e-KYC” link.
- Enter your Aadhaar number and click on the “Search” button.
- Enter the OTP that you receive on your mobile number and click on the “Submit” button.
- Your Aadhaar biometric data will be verified.
- Once your KYC is verified, you will receive a confirmation message.
You can also complete your PM Kisan KYC update offline by visiting a Common Service Center (CSC). The CSC operator will help you to complete the KYC process using your Aadhaar biometric data.
PM Kisan KYC 2023 Benefits
Here are 10 benefits for farmers of doing PM Kisan KYC:
- Continued receipt of PM Kisan benefits: All farmers registered under the PM Kisan Yojana are required to complete their KYC by March 31, 2024. If a farmer fails to complete their KYC by the deadline, their benefits will be suspended.
- Ability to update personal information: Farmers can update their personal information on the PM Kisan website, such as their name, address, and bank account details. This is important to ensure that they receive their payments accurately and on time.
- Ability to track payment status: Farmers can track the status of their PM Kisan payments on the PM Kisan website. This helps them to ensure that they are receiving their payments on time and that there are no delays.
- Ability to file grievances: Farmers can file grievances related to the PM Kisan Yojana on the PM Kisan website. This helps them to resolve any issues they may be facing with the scheme.
- Reduced risk of fraud: PM Kisan KYC helps to reduce the risk of fraud by verifying the identity of farmers. This ensures that only eligible farmers receive the benefits of the scheme.
- Improved transparency: PM Kisan KYC helps to improve the transparency of the scheme by making it easier to track who is receiving benefits and how much they are receiving.
- Increased accountability: PM Kisan KYC helps to increase the accountability of the scheme by making it easier to identify and address any irregularities.
- Enhanced financial inclusion: PM Kisan KYC helps to promote financial inclusion by encouraging farmers to open bank accounts and link them to their Aadhaar cards. This makes it easier for them to receive payments and access other financial services.
- Empowerment of farmers: PM Kisan KYC helps to empower farmers by giving them more control over their personal information and financial resources.
- Contribution to national development: PM Kisan KYC helps to contribute to national development by supporting farmers, who are an important part of the Indian economy.
FAQs Regarding PM Kisan KYC Status 2023
Why is PM Kisan KYC important?
PM Kisan KYC is important to ensure that only eligible farmers receive the benefits of the scheme. It also helps to reduce the risk of fraud and improve the transparency and accountability of the scheme.
What if I have not completed my PM Kisan KYC?
All farmers registered under the PM Kisan Yojana are required to complete their KYC by March 31, 2024. If you have not completed your KYC by the deadline, your benefits will be suspended. You can complete your KYC online or offline.