PM Kisan Yojana: Significant News for Farmers Awaiting Rs 2,000 Payment
The PM Kisan Samman Nidhi Yojana is set to release its 17th installment soon, marking a significant event for farmers across India.
Prime Minister Narendra Modi has signed off on the necessary documents,
ensuring that eligible farmers will receive financial assistance promptly.
Details of the Release
Farmers enrolled in the PM Kisan Nidhi scheme can expect to see Rs 2,000 transferred to their bank accounts shortly.
This announcement comes after Prime Minister Modi, who recently secured his third term, approved the release of the funds.
Reports indicate that the payments could be disbursed in the first week of July.
Scheme Background
The PM Kisan Samman Nidhi Yojana aims to provide financial aid to farmers,
supporting their agricultural needs and boosting their income.
Under this scheme, Rs 6,000 is distributed annually in three equal installments of Rs 2,000 each.
The first file signed by PM Modi pertains to PM Kisan Nidhi release
After being sworn in as Prime Minister for the 3rd time, PM Narendra Modi’s signs his first file authorising release of 17th instalment of PM Kisan Nidhi. This will benefit 9.3 crore farmers and distribute… pic.twitter.com/Fp4Q5nOAYT
— ANI (@ANI) June 10, 2024
Impact of the 17th Installment
With the release of the 17th installment, approximately 9.3 crore farmers will benefit, with a total distribution of around Rs 20,000 crore.
This financial aid will directly deposit into the farmers’ bank accounts,
helping them meet their agricultural expenses and improve their livelihoods.
How to Apply for PM Kisan Yojana:
Online Application Process:
- Visit the official PM Kisan Yojana website.
- Click on “New Registration.”
- Enter your name, address, Aadhaar number, bank account details, and mobile number.
- Create a password and submit the form.
Offline Application Process:
- Visit your local agricultural office.
- Fill out the application form.
- Submit the necessary documents, including Aadhaar card, PAN card, bank account passbook, and a recent photograph
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Conclusion:
The timely release of the 17th installment of the PM Kisan Samman Nidhi Yojana demonstrates the government’s continued commitment to supporting farmers.
This financial assistance is crucial in helping farmers manage their agricultural needs and enhancing their overall income.
Stay updated for further announcements regarding the exact date of the fund transfer.
Farmers are encourag to ensure their bank details and other relevant information are up-to-date to avoid any delays in receiving the payment.
PM Kisan Samman Nidhi Yojana – FAQs
1. What is PM Kisan Samman Nidhi Yojana?
PM Kisan Samman Nidhi Yojana is a central government scheme that provides financial assistance of ₹6,000 per year to eligible farmers, paid in three equal installments of ₹2,000 directly into their bank accounts.
2. When will the 17th installment of PM Kisan Yojana be released?
As per reports, the 17th installment is likely to be released in the first week of July, after Prime Minister Narendra Modi approved the necessary documents.
3. How much amount will farmers receive in the 17th installment?
Eligible farmers will receive ₹2,000 as part of the 17th installment directly in their linked bank accounts.
4. How many farmers will benefit from the 17th installment?
Around 9.3 crore farmers across India are expected to benefit from this installment, with a total disbursement of approximately ₹20,000 crore.
5. Who is eligible for PM Kisan Yojana?
Farmers who:
Own cultivable land
Have valid Aadhaar and bank details
Are not income tax payers
Are not government employees (excluding Class IV)
are eligible for the scheme.
6. How can farmers check PM Kisan installment status?
Farmers can:
Visit the official PM Kisan portal
Click on “Beneficiary Status”
Enter Aadhaar number, bank account number, or mobile number
Check payment and installment details
7. What documents are required to receive PM Kisan benefits?
Required documents include:
Aadhaar card
Bank account linked with Aadhaar
Land ownership records
Mobile number
8. Why might a farmer not receive the ₹2,000 installment?
Common reasons include:
Incomplete e-KYC
Incorrect bank details
Aadhaar not linked with bank account
Ineligibility under scheme rules
9. Is e-KYC mandatory for PM Kisan Yojana?
Yes, e-KYC is mandatory. Farmers who have not completed e-KYC may face delays or rejection of payments.
10. How can farmers apply for PM Kisan Yojana?
Farmers can apply:
Online through the official PM Kisan website
Offline by visiting the nearest agriculture office or CSC center with required documents
11. Is PM Kisan money taxable?
No, the amount received under PM Kisan Samman Nidhi Yojana is not taxable.
12. How often is PM Kisan money released?
The amount is released three times a year:
April–July
August–November
December–March
13. Can farmers update bank details after registration?
Yes, farmers can update their bank account details, mobile number, and address through the PM Kisan portal or at a CSC center.
14. What was the first file signed by PM Modi in his third term?
After taking oath for the third time, PM Narendra Modi signed his first file authorizing the release of the 17th installment of PM Kisan Nidhi.
15. What should farmers do to avoid payment delays?
Farmers should:
Complete e-KYC
Ensure Aadhaar-bank linkage
Verify bank account details
Check beneficiary status regularly
