PM Kisan Samman Nidhi Yojana: This initiative by the central government provides annual financial support of Rs 6,000 to impoverished farmers across the nation. The assistance is disbursed in three installments, with each installment amounting to Rs 2,000, credited directly to the farmers’ bank accounts. To date, the government has successfully transferred funds for a total of 19 installments to these accounts.
Transferred funds for a total of 19 installments to these accounts
Recently, on February 24, during a special event held in Bhagalpur, Bihar, Prime Minister Narendra Modi announced the release of the 19th installment under the PM Kisan Samman Nidhi Yojana. Following the receipt of this installment, millions of farmers nationwide are now eagerly anticipating the 20th installment. Many are inquiring about the timeline for the government’s transfer of the 20th installment funds.
Probable date for next installment
According to media reports, the central government is expected to disburse the 20th installment in June; however, no official confirmation has been issued regarding this timeline. Additionally, farmers who have not completed the e-KYC process or verified their land records will be ineligible for the upcoming installment. Furthermore, those who provided incorrect information during their registration for the PM Kisan Samman Nidhi Yojana will also be excluded from receiving the next installment.
The central and state governments are implementing numerous effective programs aimed at offering financial support to the impoverished farmers across the nation. These initiatives are designed to enhance the income of small-scale and disadvantaged farmers in the country.