New Delhi: As lakhs of beneficiary farmers are waiting for the latest installment of the Pradhan Mantri Kisan Samman Nidhi Yojana, it is expected that the amount will be released between November and December 2023. However, there is no official announcement by the Centre so far on this matter. The Centre had released the 14th instalment of the scheme on July 27, 2023.
As part of the PM-KISAN scheme, all landholding farmer families receive a financial benefit of Rs 6,000 per annum, payable in three equal instalments of Rs 2,000.
A central sector scheme, the PM Kisan Yojana provides income support to all landholding farmers’ families in the country to address their financial needs for procuring various inputs related to agriculture and allied activities. As part of the scheme, the entire financial liability towards transfer of benefit to targeted beneficiaries is borne by the government.
All landholding farmers’ families, which have cultivable landholding in their names, are eligible to get benefit under the PM Kisan scheme.
Last time, Prime Minister Narendra Modi on July 27 released approximately Rs 17,000 crore as the 14th instalment to about 85 million farmer beneficiaries under the PM-KISAN scheme. With this, the total amount transferred to beneficiaries since the inception of the scheme has now surpassed Rs 2.59 lakh crore.
The PM Kisan scheme was launched on February 24, 2019 and it has provided benefits totalling more than Rs 2.42 lakh crore to over 110 million farmers nationwide.
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