PM Kisan 18th Installment: Essential Financial Support for Farmers
The much-awaited 18th installment of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) scheme is set to be released on Saturday, October 5, 2024. The government is scheduled to transfer Rs 2,000 directly into the bank accounts of eligible farmers across India. This financial assistance plays a pivotal role in supporting farmers and enhancing their livelihoods, especially during challenging agricultural seasons.
Understanding the PM Kisan Samman Nidhi Yojana
Initiated by the Government of India in February 2019, the PM Kisan scheme provides Rs 6,000 annually to eligible farmers in three equal installments of Rs 2,000 each. This program is fully funded by the central government, ensuring that financial support reaches the farmers without any intermediaries.
Eligibility Criteria
To benefit from the PM Kisan scheme, farmers must meet certain eligibility requirements, which include:
- Small and marginal farmers owning land up to 2 hectares.
- Farmers who are not income taxpayers.
- Farmers must possess a valid Aadhaar number linked to their bank accounts.
Release Date of the 18th Installment
The Prime Minister’s announcement regarding the release of the 18th installment has been officially confirmed for October 5, 2024. This regular income is crucial for farmers, especially those facing financial hardships.
Importance of eKYC for PM Kisan Yojana
eKYC (electronic Know Your Customer) is mandatory for all farmers enrolled in the PM Kisan scheme. This process helps maintain the integrity of the beneficiaries’ records and ensures they receive the funds without any discrepancies.
Methods for eKYC Completion
Farmers can complete their eKYC through the following methods:
- OTP Based eKYC: Farmers can complete eKYC through the PM-KISAN portal or mobile app using an OTP sent to their registered mobile number.
- Biometric e-KYC: Available at Common Service Centers (CSC) and State Service Centers, this option requires a physical visit for biometric authentication.
- Face Authentication e-KYC: This can be completed via the PM Kisan mobile app, allowing farmers to authenticate their identity digitally.
How to Check Beneficiary Status
Farmers can easily verify their beneficiary status by following these steps:
- Visit the official PM Kisan website.
- Navigate to the Beneficiary Status page.
- Select ‘Beneficiary Status.’
- Input your Aadhaar number or bank account number.
- Click ‘Get Data’ to view your beneficiary status.
Steps to Download the PM Kisan Mobile App
Farmers can also use the PM Kisan mobile app for easy access to their accounts. To download the app, follow these instructions:
- Download the PM Kisan app from your app store.
- Log in using your Aadhaar number or registration ID.
- Receive an OTP on your registered mobile number and enter it into the app.
- Click on ‘Dashboard’ to explore available features.
- Select ‘Beneficiary Status’ to check the status of your installments.
Table of PM Kisan Installments
| Installment Number | Amount (in Rs) | Expected Release Date |
|---|---|---|
| 1st Installment | 2,000 | February 2024 |
| 2nd Installment | 2,000 | May 2024 |
| 3rd Installment | 2,000 | October 2024 |
Conclusion
The PM Kisan scheme continues to provide vital financial support to farmers across India, helping them navigate economic challenges and ensuring food security. It is essential for farmers to stay updated on their beneficiary status and complete their eKYC to avail of these benefits seamlessly.
