The Indian government has announced that the next installment of the PM Kisan scheme will be released on November 15, 2023. This will be the 15th installment since the scheme was launched. PM Modi will distribute the funds to beneficiaries during an event in Jharkhand.
About PM Kisan Scheme
The Pradhan Mantri Kisan Samman Nidhi or PM Kisan scheme was launched by the Indian government in 2018 to provide financial support to farmers. Under this scheme, all small and marginal farmer families get up to ₹6,000 per year as minimum income support in three equal installments of ₹2,000 each.
The main objectives of the scheme are:
- To provide income support to small and marginal farmers
- To supplement their financial needs especially before the cropping season
- To support and encourage farmers to adopt modern agricultural practices
- To avoid indebtedness and escape clutching of informal money lenders
The scheme has benefitted millions of farmers across India so far. The government now plans to release the 15th installment to further aid farmers.
PM Kisan 15th Installment
The 15th installment under the PM Kisan scheme will be of ₹2,000 per beneficiary family. It is expected to be released by November 15, 2023 as announced by PM Modi.
This installment comes after a significant upgrade of the PM Kisan portal involving the eKYC process. With eKYC verification mandatory now, only validated beneficiaries will receive this installment.
| Installment No. | Installment Amount |
|---|---|
| 15th | ₹2,000 |
The government aims to transfer the funds directly into the bank accounts of ~11 crore beneficiary families across India.
PM Kisan Beneficiary Status
Beneficiaries can check their name in the PM Kisan beneficiary list to know if they will get the next installment. The eligibility criteria to get PM Kisan Samman Nidhi are:
- Landholding farmer families with cultivable land upto 2 hectares
- The land can be owned or leased
- The farmer's name should be in land records as on 1 Feb 2019
- eKYC verification is compulsory now
Based on these criteria, beneficiaries can check if they will get the latest installment or not.
How to Check PM Kisan 15th Installment Status
Beneficiaries can easily check the status of the PM Kisan 15th installment in a few simple steps:
- Visit PM Kisan official website - https://pmkisan.gov.in/
- Click on 'Beneficiary Status' option
- Enter Aadhaar number, bank account, or mobile number to login
- The status of all installments will be displayed
- Check if for '15th Installment' it shows 'FTO Generated and Payment confirmation is pending'
If the above status is displayed, it means the installment amount will soon be credited.
Impact of PM Kisan Samman Nidhi
The PM Kisan scheme has made a significant positive impact on the lives of poor farmers by providing assured supplemental income. Major benefits witnessed are:
- Helped farmers meet input costs and invest in advanced agriculture techniques
- Reduced rural distress and curbed farmer suicides
- Discouraged farmers from informal money lending at high interest rates
- Kept farmers away from debt traps
- Improved socio-economic status of marginalized farmers
With the new eKYC policy and periodic installments, the scheme is further empowering farmers financially and socially.
Conclusion:
The PM Kisan Samman Nidhi Yojana has been providing great relief for small and marginal farmers through periodic income support. With mandatory eKYC seeding completed now, beneficiaries will soon get the next installment of ₹2,000 by November 15, 2023.
FAQ:
Q1: When will the PM Kisan 15th installment be released?
A1: The government has announced November 15, 2023 as the PM Kisan next installment date. This will be the 15th installment under the scheme.
Q2: How much amount will be transferred per beneficiary in next installment?
A2: ₹2,000 will be transferred per beneficiary farmer family in the upcoming 15th installment.
Q3: Who are eligible beneficiaries under PM Kisan Samman Nidhi?
A3: Small and marginal landholder farmer families (with cultivable land upto 2 hectares) who have completed PM Kisan eKYC process can get benefit of this scheme.
Q4: How can I check my name in PM Kisan beneficiary list?
A4: Visit the official website and login using your Aadhaar, account or mobile number to check PM Kisan beneficiary status and view details of all installments.
Q5: Is eKYC mandatory now under PM Kisan scheme?
A5: Yes, eKYC authentication is now compulsory for getting enrolled and receiving funds under PM Kisan Samman Nidhi Yojana.
Q6: How does PM Kisan Yojana help small and marginal farmers?
A6: PM Kisan provides crucial income support to farmers in times of need. It has helped farmers invest in fertilizers, quality seeds etc resulting in increased productivity.
