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PM Kisan Samman Nidhi Yojna installment

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PM Kisan Samman Nidhi Yojna Installment: Everything You Need to Know

The PM Kisan Samman Nidhi Yojna is a scheme launched by the Government of India in 2019 to provide financial support to farmers across the country. The scheme aims to augment the income of farmers by providing direct assistance of Rs. 6,000 per year to eligible beneficiaries. The assistance is paid in three installments of Rs. 2,000 each, credited directly to the bank accounts of the farmers.

Here is everything you need to know about the PM Kisan Samman Nidhi Yojna installment:

Eligibility Criteria

To be eligible for the PM Kisan Samman Nidhi Yojna installment, farmers must meet certain criteria. The scheme is meant for:

– Small and marginal farmers with a cultivable landholding of up to 2 hectares
– Farmer families who collectively own cultivable land of up to 2 hectares
– All categories of farmers who qualify as per the definition of the operational holdings

Beneficiaries who have not registered for the scheme can still apply and get their eligibility verified through a common service center (CSC) or the nearest nodal officer.

Payment Mode

The PM Kisan Samman Nidhi Yojna installment is paid through direct benefit transfer (DBT) to the bank accounts of beneficiaries. The scheme aims to ensure that the financial assistance reaches the intended beneficiaries directly, without any intermediaries. Therefore, farmers must have an active bank account to receive the installment.

Installment Schedule

The PM Kisan Samman Nidhi Yojna installment is paid in three equal installments of Rs. 2,000 each. The first installment is paid between April and July, the second installment is paid between August and November, and the third installment is paid between December and March.

To ensure that the installment is credited to the beneficiary’s account on time, it is essential to update the bank account details and Aadhaar card number. The payment schedule for the PM Kisan Samman Nidhi Yojna installment can be viewed on the official website of the scheme.

Conclusion

The PM Kisan Samman Nidhi Yojna installment is a crucial source of financial support for farmers in India. The scheme has helped to improve the income and livelihoods of small and marginal farmers across the country. If you are an eligible beneficiary, make sure to update your bank account and Aadhaar card details to ensure that you receive the installment on time.

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