The 14th installment of Pradhan Mantri Kisan Samman Nidhi will be released next week. The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme. According to the official Twitter Handle of the PM KISAN scheme, the government will release the 14th installment and interact with farmers on July 27, 2023 in Sikar, Rajasthan.
Under the Scheme, an amount of Rs. 6000/- is transferred annually in three equal installments of Rs.2000/- directly into the Aadhaar seeded bank accounts of the farmers.
The scheme aims at providing financial assistance to cultivable landholding farmer families across the country, subject to certain exclusion criteria, to enable them to take care of expenses related to agriculture and allied activities as well as domestic needs.
Under the PM-KISAN Scheme, the responsibility to identify the beneficiaries and upload their correct and verified data on PM-KISAN portal lies with the respective State/UT Government.
Thereafter, these data go through various levels of verification and validation including Aadhaar/PFMS/Income Tax database. Subsequent to such verification and validation, the benefit of the Scheme is passed on to eligible beneficiaries directly into their Aadhaar seeded bank accounts through DBT.
Under the PM-KISAN Scheme, more than 2.42 lakh crores has been disbursed to more than 11 crore beneficiary farmer families through various installments.
About PM-KISAN Samman Nidhi
- Pradhan Mantri Kisan Samman Nidhi is an initiative by the government of India that give farmers up to Rs. 6,000 per year as minimum income support. The initiative was announced in 2019.
- The scheme is applicable only for landholding farmers. The number of farmers whose land details are seeded on the PM-KISAN Portal is more than 9.53 crore.
