PM Kisan Installment is a beneficial scheme introduced by the Government of India to provide financial assistance to small and marginal farmers across the country. Under this scheme, eligible farmers receive a fixed amount of Rs.6000 per year in three equal installments of Rs.2000 each. The main objective of this scheme is to provide financial support to farmers to help them meet their agricultural expenses and improve their overall financial condition.
The first installment of PM Kisan is released in the months of April-July, the second installment is released in the months of August-November, and the third installment is released in the months of December-March. The amount is directly credited to the bank accounts of eligible farmers through Direct Benefit Transfer (DBT) mode. To be eligible for the PM Kisan scheme, a farmer must hold a valid Aadhaar card and have a valid bank account.
The PM Kisan Installment scheme has been widely praised for its impact on the lives of small and marginal farmers. The financial assistance provided under this scheme has helped farmers purchase seeds, fertilizers, pesticides, and other agricultural inputs, which in turn has increased their agricultural productivity and income. The scheme has also provided relief to farmers during times of distress, such as crop failure or natural calamities.
In conclusion, the PM Kisan Installment scheme is a crucial initiative by the Government of India to ensure the financial stability and well-being of small and marginal farmers. By providing timely financial assistance, the scheme aims to empower farmers and improve their livelihoods. With the continuation of this scheme, it is expected that more farmers will benefit and contribute to the growth of the agricultural sector in India.