Namo Shetkari Mahasanman Nidhi Yojana (NSMNY): If you are taking advantage of the Pradhan Mantri PM KISAN Samman Nidhi Yojana, then now the Namo Shetkari Mahasanman Nidhi Yojana (NSMNY) has been started by the Government of Maharashtra, in which you will get a total subsidy of Rs. 6000 annually.
This initiative is modelled on the Central Government Initiative Pradhan Mantri Kisan Samman Nidhi Scheme, which is the same. This initiative is a great step taken by the Government of Maharashtra for the empowerment of farmers. All those farmers who are interested and willing to apply under this scheme can visit the Official Website and fill out the application form online.
Scheme Name
Namo Shetkari Mahasanman Nidhi Yojana (NSMNY)
Type of Scheme
Direct Benefit Transfer (DBT) Scheme
Target Group
Eligible farmer families
Annual Benefit
₹6,000 per year under NSMNY
Payment Method
Direct transfer to bank account
Related Scheme
PM-KISAN Samman Nidhi Scheme
Government Resolution Date
15 June 2023
Namo Shetkari Mahasanman Nidhi Yojana
About the Scheme
Namo Shetkari Mahasanman Nidhi Yojana (NSMNY) is a farmer welfare scheme.
Under this scheme, eligible farmer families receive financial assistance from the government.
The scheme provides ₹6,000 per year to eligible beneficiaries.
The amount is transferred in three equal instalments.
Benefits are provided through Direct Benefit Transfer (DBT).
Farmers who are eligible for PM-KISAN are also eligible for benefits under NSMNY.
Benefits of the Scheme
Benefit Details
Information
NSMNY Benefit
₹2,000 per instalment
Total NSMNY Benefit
₹6,000 per year
PM-KISAN Benefit
₹2,000 per instalment (as per PM-KISAN rules)
Combined Annual Benefit
₹12,000 per year from PM-KISAN and NSMNY together
Payment Mode
Direct Benefit Transfer (DBT)
Bank Requirement
Aadhaar-linked bank account
Important Benefit Points
Eligible farmer families receive ₹2,000 in each instalment under NSMNY.
Beneficiaries receiving PM-KISAN benefits can also receive NSMNY benefits if eligible.
The first NSMNY instalment was provided based on the PM-KISAN 14th instalment beneficiary list.
Eligible farmers can receive benefits from both PM-KISAN and NSMNY.
The benefit amount is credited directly to the beneficiary’s bank account.
Only Aadhaar-linked bank accounts can receive this payment.
Any amount paid to ineligible beneficiaries may be recovered according to PM-KISAN procedures.
Eligibility Criteria
Eligibility Requirement
Details
Land Ownership
Must be a cultivable land-holding farmer family
Family Definition
Husband, wife, and minor children
Land Holding Date
Landholding should exist as of 01.02.2019
PM-KISAN Eligibility
Must be eligible under PM-KISAN
Eligible Beneficiaries of the Scheme
Cultivable land-holding farmer families.
Families consisting of husband, wife and minor children.
Families having eligible land holdings as on 1 February 2019.
Farmers who meet PM-KISAN eligibility conditions.
Who Is Not Eligible?
The following categories are excluded from the scheme.
Excluded Category
Details
Institutional Land Holders
Not eligible
Constitutional Post Holders
Former and present holders are not eligible
Ministers and Legislators
Former and present Ministers, State Ministers, Members of the Lok Sabha, Rajya Sabha, State Legislative Assemblies, and Legislative Councils are not eligible
Local Government Leaders
Former and present Mayors and District Panchayat Chairpersons are not eligible
Government Employees
Serving or retired officers and employees of Central or State Government departments, offices, institutions, and public sector units are not eligible
Pensioners
Retired pensioners receiving a monthly pension of ₹10,000 or more are not eligible for this scheme
Income Tax Payers
Persons who paid income tax in the last assessment year are not eligible
Professionals
Doctors, Engineers, Lawyers, Chartered Accountants, and Architects engaged in professional practice are not eligible
NRIs
Non-Resident Indians are not eligible
Exception
Multi-Tasking Staff (MTS), Class IV employees, and Group D employees are excluded from certain government employee and pensioner restrictions mentioned in the scheme guidelines.
Application Process for the Namo Shetkari Mahasanman Nidhi Yojana (NSMNY)
Farmers registered under PM-KISAN, owning cultivable land in Maharashtra as of February 1, 2019, are eligible. Exclusions include government employees, income taxpayers, and holders of constitutional posts.
Is it mandatory to link a bank account with Aadhaar?
Yes, it is mandatory to link the bank account with Aadhaar to avail the benefits of NSMNY.
How to register for the NSMNY Scheme?
There is no need to register for the NSMNY scheme. The eligible PM KISAN registered beneficiaries are NSMNY beneficiaries.
