Title: Pm Kisan Samman Nidhi Yojana: Unveiling the Latest Installment Information
Introduction:
The Pradhan Mantri Kisan Samman Nidhi Yojana, also known as the PM-Kisan Yojana, is a vital government initiative aimed at directly supporting farmers in India. Launched in February 2019, this program has been instrumental in providing financial assistance to small and marginal farmers across the country. In this article, we will delve into the latest installment information related to the PM-Kisan Samman Nidhi Yojana.
PM-Kisan Samman Nidhi Yojana Overview:
Under the PM-Kisan Yojana, eligible farmers receive a monetary assistance of ₹6,000 (around $82) per year in three equal installments of ₹2,000 ($27) each. The main objective of this initiative is to provide financial aid to farmers for the purchase of inputs such as seeds, fertilizers, and other essentials, ultimately improving their agricultural productivity and income.
Latest Installment Details:
1. Release of 9th Installment:
The 9th installment of the PM-Kisan Samman Nidhi Yojana was released on August 9, 2021. The government disbursed this installment to nearly 9.5 crore farmers across the country. The total amount for this installment was approximately ₹19,000 crore ($2.5 billion). It is worth noting that the release of this installment was timed to coincide with the celebration of India’s 75th Independence Day.
2. Flexibility in Aadhaar Verification:
To ensure the speedy implementation of the scheme and seamless payment to beneficiaries, the Government of India announced a temporary relaxation in the mandatory Aadhaar card requirement. Until November 30, 2021, beneficiaries are permitted to provide alternative identification documents such as ration cards and other government-issued identity cards for verification purposes.
3. Beneficiary Enrollment and Verification:
To ensure smooth disbursement of installments, it is crucial for farmers to enroll themselves and verify their eligibility under the PM-Kisan Samman Nidhi Yojana. Farmers need to approach their respective state’s Agriculture Department or visit the official PM-Kisan portal to register. The farmers are required to provide accurate and up-to-date information during enrollment to receive the benefits without any disruptions.
4. Direct Benefit Transfer (DBT):
The PM-Kisan Samman Nidhi Yojana follows a Direct Benefit Transfer (DBT) approach to transfer the financial assistance directly into the bank accounts of eligible farmers. This eliminates the possibilities of intermediaries and ensures that the benefits reach the intended beneficiaries promptly.
Conclusion:
The PM-Kisan Samman Nidhi Yojana continues to play a significant role in extending financial aid to farmers in India, enabling them to enhance their agricultural productivity and income. As the latest 9th installment of this scheme is disbursed to millions of farmers across the nation, it underlines the government’s commitment to uplifting the farming community. By providing timely and hassle-free financial assistance, the PM-Kisan Yojana continues to act as a catalyst for the overall development of agriculture and the rural economy.
Disclaimer: The details provided in this article are based on the latest information available at the time of writing. It is advisable to visit the official PM-Kisan Samman Nidhi Yojana website or consult government sources for the most accurate and up-to-date information.