As part of the Prime Minister Kisan Samman Nidhi Yojana, farmers can now receive their payments in installments. This is a great move that seeks to ensure that farmers can access the funds provided by the government in a more flexible way.
With this new development, farmers can receive their payments in 3 installments of Rs.2000 each. This translates to an annual payment of Rs 6000, which is the total amount that they are eligible to receive under the scheme.
The first installment is paid between April to July, the second installment is paid between August to November, and the third and final installment is paid between December to March.
This installment scheme ensures that farmers are able to utilize the funds provided by the government throughout the year. It also ensures that farmers do not have to wait for the entire amount to be disbursed before they can start investing in their farms.
Additionally, the installment scheme is also a great way to help farmers manage their finances better. With regular payments being made throughout the year, farmers can plan their expenses better, purchase seeds, fertilizers, and other inputs required for farming.
Moreover, the installment scheme is also beneficial to farmers who have smaller landholdings. For such farmers, the annual payment of Rs.6000 may not be sufficient to meet their farming needs. In such cases, the installment scheme allows farmers to access the funds they need in a more flexible way.
The Prime Minister Kisan Samman Nidhi Yojana is a great initiative that seeks to empower farmers and improve their standard of living. With the installment scheme, the government has made it even easier for farmers to access the benefits provided under the scheme. This will go a long way in supporting farmers across the country and ensuring food security for all.