Missed PM Kisan Yojana? Try These 5 Government Schemes Now
In India, where nearly 90% of the population depends directly or indirectly on agriculture, government support schemes play a vital role in improving farmers’ livelihoods. While the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme has benefited millions by offering ₹6,000 annually, many farmers still remain outside its coverage due to various eligibility or administrative issues.
However, farmers who are not receiving benefits under PM-Kisan need not worry. The government has introduced several other schemes aimed at providing financial aid, security, and infrastructure support to the farming community. Here are five key government schemes that can be a boon for farmers:
1. Pradhan Mantri Fasal Bima Yojana (PMFBY)
This crop insurance scheme is designed to protect farmers from the financial impact of crop damage due to natural calamities, pests, or diseases. Farmers only pay 2% to 5% of the total premium, while the government covers the remaining cost. In special regions like the North East, Jammu & Kashmir, and Himachal Pradesh, farmers may not have to pay anything at all.
If crops fail, the insurance company transfers the claim amount directly to the farmer’s bank account. Farmers can register for this scheme through their nearest bank, Common Service Center (CSC), or the Crop Insurance mobile app.
2. PM Kisan Maandhan Yojana
Aimed at small and marginal farmers aged 18 to 40 years, this scheme provides a monthly pension of ₹3,000 after the age of 60. Farmers need to contribute a small amount—ranging from ₹55 to ₹200 per month, depending on their entry age.
This acts as a government-backed retirement plan, and the pension amount is deposited directly into the farmer’s bank account. Farmers can apply through nearby CSC centers or by visiting the official Maandhan portal.
3. Kisan Credit Card (KCC)
KCC is a financial tool that offers farmers easy access to credit up to ₹3–5 lakh with minimal paperwork. Under a subsidized interest scheme, loans are available at just 4% annual interest. This enables farmers to promptly meet their agricultural needs such as purchasing seeds, fertilizers, pesticides, diesel, and managing irrigation costs.
Interested farmers can apply through banks or CSC centers.
4. PM Kusum Yojana
This scheme encourages farmers to switch to solar-powered irrigation systems, making it possible to save on electricity and even earn income. The government provides up to 60% subsidy on solar pumps and systems, 30% can be financed through bank loans, and the farmer needs to contribute only 10% upfront.
Farmers can even sell surplus electricity back to the grid, creating an additional revenue stream. Registration can be done via the online portal or through the local agriculture department.
5. Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)
This scheme promotes smart irrigation methods like drip and sprinkler systems, helping farmers save water while increasing yield and improving crop quality. The government offers 45% to 55% subsidy, directly transferred to the farmer’s account.
Farmers can apply through their district agriculture office or via the online portal.
While missing out on PM-Kisan benefits can be disappointing, these five alternative government schemes offer meaningful support in areas like insurance, credit, irrigation, energy, and retirement planning. Farmers are encouraged to explore these options to ensure better financial security and agricultural productivity.
