As part of the Indian government’s efforts to provide financial relief to farmers, the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was launched in February 2019, with the aim of providing direct cash benefits to vulnerable farmers. Under this scheme, eligible farmers are provided with an installment payment of Rs. 6000 per year in three equal installments of Rs. 2000 each.
The first installment payment of PM-KISAN was made in March 2019, and since then, the government has been releasing payments to beneficiaries on a regular basis. The payment of the third and last installment of the fiscal year 2020-21 was made in December 2020.
To receive the PM-KISAN installment payment, farmers have to register themselves under the scheme through the official website of PM-KISAN or by visiting their nearest Common Service Centre (CSC) or Krishi Vigyan Kendra (KVK). Eligible farmers are those who have less than two hectares of cultivable land and are involved in agriculture.
The government has made the payment process seamless and hassle-free for beneficiaries. The payment is directly transferred to the farmers’ bank accounts through the Direct Benefit Transfer (DBT) mode. The government has also made provisions for farmers who do not have their own bank accounts by creating a special PM-KISAN account, which can be opened under the local post office. Farmers can also check the status of their PM-KISAN payment by visiting the official website.
The PM-KISAN scheme has been highly beneficial to farmers across the country, providing much-needed financial support to them during difficult times. By directly transferring the payment to farmers’ bank accounts, the government has ensured transparency and eliminated middlemen, thereby reducing the chances of corruption.
Overall, the installment payment of PM-KISAN has been highly successful in its efforts to provide financial relief to small and marginal farmers in India. The government’s commitment to the welfare of farmers is reflected through this scheme, which is expected to continue providing support to farmers in the future.