As part of its commitment to support farmers and the agriculture sector, the Government of India has launched the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN). The scheme aims to provide financial assistance to small and marginal farmers across the country in a bid to help them cope with input costs and other related expenses.
One of the key features of PM-KISAN is the provision for instalments of the account. Under this scheme, farmers can receive their financial assistance in instalments of Rs. 2,000 each. The instalments are paid directly to the farmer’s bank account on a quarterly basis.
To receive the instalments, farmers need to ensure that their Aadhaar card, bank account details, and other relevant information are updated and accurate. The government has provided multiple portals and methods for farmers to check their eligibility status and other related details to ensure a smooth application process.
Furthermore, farmers who have already received their first instalment need not reapply for the subsequent instalments. The instalments are automatically credited to the farmer’s account based on their eligibility criteria.
It’s important to note that PM-KISAN is not a one-time assistance scheme. The government has committed to providing financial support on a long-term basis to eligible farmers. The instalment system under PM-KISAN ensures that farmers receive a steady, predictable and reliable source of income year after year.
In conclusion, the instalment system under PM-KISAN is a significant step towards providing financial stability and support to small and marginal farmers. It’s a progressive scheme that enables farmers to plan their expenses better and focus on improving their crop yields. By ensuring timely and regular payments, the government has taken a significant step towards reforming the agriculture sector and creating a brighter future for farmers across the country.