Sure, here’s an article on PM Kisan Samman Nidhi Yojna installment:
PM Kisan Samman Nidhi Yojna: A Brief Overview of the Installment Process
Pradhan Mantri Kisan Samman Nidhi Yojna (PM-Kisan) is a scheme initiated by the Government of India to provide financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive an income support of Rs. 6,000 per annum, which is paid in three equal installments of Rs. 2,000 each. The scheme was launched on February 24, 2019, and has since benefited millions of farmers across the country.
Eligibility Criteria for PM-Kisan
To avail of the benefits of this scheme, farmers must meet the following eligibility criteria:
1. The farmer must be a citizen of India.
2. Only small and marginal farmers with a maximum of 2 hectares of landholding are eligible.
3. The farming family should not have any member who is a former or present government employee.
4. The beneficiary farmer should have a working bank account.
5. The bank account should be linked with the Aadhaar number of the farmer.
6. Farmers who belong to the category of institutional landholders or farmer families that have taxable income exceeding the prescribed limit in a particular financial year are not eligible.
Installment Process
The PM-Kisan Scheme provides financial aid to farmers in three equal installments of Rs. 2,000 each. The following is the installment process that a farmer needs to keep in mind:
1. The first installment of Rs. 2,000 is credited directly to the farmer’s bank account after verification of the eligibility criteria.
2. The second installment of Rs. 2,000 is released after six months from the date of transfer of the first installment.
3. The third installment of Rs. 2,000 is credited after the next six months.
It is important for the farmer to ensure that the bank details are properly linked to their Aadhaar number and the bank account is active. In case of any changes or discrepancies, it is the farmer’s responsibility to update the information with the authorities as soon as possible.
Conclusion
PM-Kisan Samman Nidhi Yojana is an important scheme for small and marginal farmers who struggle to make ends meet. The scheme not only provides financial support but also acts as a boost to the farmers who can now invest in better farming techniques and practices. It is important that farmers avail the benefits of the scheme to improve their livelihoods and to contribute to the development of the country’s agriculture sector.