What is PM Kisan Yojana ?
PM Kisan Yojana, also known as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), is a government scheme launched by the Indian Government in February 2019. The aim of the scheme is to provide income support to small and marginal farmers across the country.
Under the PM Kisan Yojana, eligible farmers receive a direct payment of Rs. 6,000 per year in three equal instalments of Rs. 2,000 each, credited directly into their bank accounts. The scheme is implemented and funded by the Government of India.
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| PM Kisan 2023 Installment - PM Kisan 13th Installment Release Date 2023 |
To be eligible for the scheme, farmers must own cultivable land up to two hectares and have a valid Aadhaar card. The scheme aims to cover around 145 million beneficiaries across the country.
The PM Kisan Yojana is seen as an important step towards ensuring the economic well-being of farmers, who form a significant part of India's population and are often faced with various challenges, including fluctuating market prices, natural calamities, and lack of access to credit.
Benefits of PM Kisan Scheme ?
The PM Kisan Scheme, also known as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), has several benefits for small and marginal farmers in India. Some of the benefits of the scheme are:
Financial Support: Under the scheme, eligible farmers receive a direct payment of Rs. 6,000 per year in three equal instalments of Rs. 2,000 each. This financial support helps farmers to meet their expenses related to farming and household expenses.
Increase in Income: The scheme helps in increasing the income of small and marginal farmers, who constitute a significant part of India's population. The scheme provides a fixed amount of financial support every year, which helps in stabilizing the income of farmers.
Reduced Dependency on Moneylenders: The scheme helps in reducing the dependency of farmers on moneylenders and other informal sources of credit, which often charge high-interest rates.
Boost in Agricultural Productivity: The scheme aims to increase the productivity and efficiency of the agricultural sector by providing financial support to farmers for the purchase of agricultural inputs like seeds, fertilizers, and other necessary items.
Access to Formal Credit: The scheme helps in improving the creditworthiness of farmers and provides them with easy access to formal credit from banks and other financial institutions.
Empowerment of Women Farmers: The scheme also benefits women farmers who have been traditionally excluded from many agricultural schemes. Women farmers who meet the eligibility criteria of the scheme can also avail of the benefits.
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| PM Kisan 13th Installment Release Date 2023 |
Overall, the PM Kisan Scheme is an important initiative towards ensuring the economic well-being of small and marginal farmers in India.
PM Kisan Installment Details
Under the PM Kisan Yojana or Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, eligible farmers receive a direct payment of Rs. 6,000 per year in three equal instalments of Rs. 2,000 each. The payment is made directly to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT) mode.
The instalments are released in four-monthly cycles, i.e., every four months from the date of the first payment. The payment schedule for the instalments is as follows:
First Instalment: The first instalment is paid between April to July of each financial year. If a farmer's name is included in the PM Kisan database after the first cycle, the first instalment will be paid from the subsequent cycle.
Second Instalment: The second instalment is paid between August to November of each financial year.
Third Instalment: The third instalment is paid between December to March of each financial year.
It is important to note that the eligibility criteria for the scheme and the payment of instalments are verified and determined by the state governments and union territories. Therefore, farmers are advised to check with their respective state governments or union territories to get more information about the scheme and its payment schedule.
Farmers who wish to register for the PM Kisan Yojana or Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme can do so through the official website of PM Kisan - https://pmkisan.gov.in/. Here are the steps for PM Kisan new registration online:
How to Apply Online
Visit the official website of PM Kisan - https://pmkisan.gov.in/
Click on the "Farmers Corner" tab on the menu bar and select "New Farmer Registration".
On the new page, select the option of "Aadhaar number" or "Account number".
Enter the required details such as Aadhaar number or bank account number, name, and image code.
Click on the "Get Data" button, and the system will verify the details.
If the details are correct, the registration form will appear. Fill in the required details in the form such as name, gender, category, father's name, date of birth, marital status, bank account details, etc.
After filling in all the required details, click on the "Submit" button.
After submission, a reference number will be generated, which can be used to check the status of the application.
It is important to note that the eligibility criteria for the scheme and the verification of the application are done by the state governments and union territories. Therefore, farmers are advised to check with their respective state governments or union territories to get more information about the scheme and its registration process.
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