The Pradhan Mantri Kisan Samman Nidhi (PM Kisan Samman Nidhi) scheme has been started to help the farmers financially.
Under this scheme, an amount of ₹ 2,000 is sent to the eligible farmers in their bank accounts every four months.
So far 17 installments have been successfully distributed under this scheme started in 2018. Now farmers are eagerly waiting for the 18th installment.
Let us know when this installment will come and what things are important to remember for this.
Expected date of 18th installment
The 17th installment was released on June 18, 2024, under which an amount of more than ₹ 20,000 crore was transferred to the bank accounts of about 9 crore farmers.
Preparations for the 18th installment have been started by the government and the Ministry of Agriculture.
It is believed that this installment will be deposited in the accounts of farmers in late October or early November.
Eligibility for the 18th installment
The government has made the KYC (Know Your Customer) process mandatory. Without KYC, the benefit of installment will not be available.
The farmer’s bank account and mobile number must be linked to Aadhaar.
Only those farmers who have availed the benefit of the 17th installment will be eligible for the 18th installment.
Benefits and precautions
Under the PM Kisan Yojana, farmers get ₹ 6,000 annually, which is divided into three installments.
This amount is extremely beneficial for small and marginal farmers, as with this they can buy the necessary equipment and seeds for their agricultural work.
However, it is important to note that to avoid fraud, farmers should not give their bank details to any unknown person and should get information only through the government website or authorized channels.
How to get installment information
Farmers can know the status of their installment by visiting the official website of PM Kisan Yojana (pmkisan.gov.in).
To view the beneficiary list, farmers can go to the homepage of the website and click on ‘Beneficiary List’ in ‘Farmer Corner’.
For solutions to any problem, farmers can call the toll-free number 155261 of the scheme.
Other important points for the 18th installment
A new budget is being prepared by the Ministry of Agriculture for the 18th installment. It will be ensured that all eligible farmers get the installment on time.
To avail of the benefits of this scheme, new farmers will have to check their eligibility and complete KYC.