The PM Kisan Samman Nidhi Yojana’s sixteenth installment is scheduled to be distributed by the federal government to recipients by February 28, 2024. Under PM Kisan, recipients get a ₹6,000 annual cash benefit, which is given out in three ₹2,000 installments.
PM Kisan 16th Installment Date
The Indian government’s Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) program offers farmers who are marginalized or small financial assistance. The government’s concentration on the agricultural industry and commitment to safeguarding the well-being of farmers is evident in this program, which was launched in February 2019.
On February 28, 2024, PM Modi will announce the release of the 16th installment of the PM Kisan Samman Nidhi Yojana. Farmers can register themselves through the official portal. Farmers need to have a bank account to receive the 16th installment.
By doing this, intermediaries are avoided and direct benefit transfers to legitimate recipients are guaranteed. The PM Kisan Samman Nidhi Yojana offers qualified farmers up to Rs 6000 in aid per year, payable in three installments of Rs 2000 each.
Who is eligible for PM Kisan’s 16th installment?
To guarantee that the benefits of the PM Kisan Scheme reach those who are supposed to benefit, the scheme has rigorous qualifying requirements. Its goal is to give financial support to Indian farmers. Here is the main point given for eligibility.
- Property ownership Farmers: Any family that owns cultivable land as listed in the land registry of the relevant State or Territory of the Union is eligible for the program.
- Family Unit: The entire family receives the advantage. According to the plan, husband or wife, and any small kids make up a family.
- Evidence: Because the funding is deposited directly into the beneficiaries’ bank accounts, applicants must have current land documents and bank account information.
The scheme excludes certain higher-income earners, including institutional landholders, farmer families, constitutional post holders, ministers, municipal corporation mayors, officers, retired employees, Superannuated or retired pensioners whose monthly pension is ₹10,000 or more, and those who paid Income Tax in the last assessment year.
How much do you get from PM Kisan’s 16th installment?
PM Kisan’s 16th Payment will be given to every farmer who was given easier money from the installments. Numerous farmers around India benefited from this scheme, which was instantly deposited into their bank accounts.
Initially, the Ministry of Agriculture and the Welfare of Farmers oversaw the work of Prime Minister Samman Nidhi. The supervision of the Department of Agriculture and Farmers Welfare is where this falls.
By February 28, 2024, the 16th edition will begin. Each farmer will receive rewards under this system totaling $6,000 per year, paid in three installments. The goal of Prime Minister Narendra Modi’s Pradhan Mantri Kisan Samman Nidhi Vadina is to give all farmers financial support for their well-being.
PM Kisan Objectives & Features
All property ownership families of farmers in the nation would receive income support under the PM Kisan Scheme, which will primarily help them handle the costs of home necessities and inputs for agriculture. Here are some features of pm Kisan available.
- Financial reward: Under the initiative, eligible farmer households are given a financial reward of INR 6,000 annually. Every four months, this payment is sent out in three equal payments of INR 2,000 each.
- Eligibility Requirements: With a few exclusions, like institutional landholders and people with greater financial resources, the program is intended to assist all property ownership farmer families in the nation, regardless of the amount of their landholdings.
- Direct Benefit Transfer: To ensure speed and openness in the distribution procedure, the money is sent straight to the recipient’s bank accounts.
- National Coverage: The program is run throughout the whole country of India, giving marginal and small-scale farmers extra consideration.
How to check the PM Kisan Samman Nidhi Yojana Status 2024?
The process of checking the status of the PM Kisan scheme is quite easy. You just need to follow these step-by-step procedures to see your PM Kisan account’s or installment status:
- Navigate to the pmkisan.gov.in/.
- Look for the “Farmers Corner” area on the main page.
- Hit the “Know your Status” from the menu option.
- Enter your mobile number, bank account number, Aadhaar number, or registration number.
- Press the “Get Data” button to see your status. Now you will be able to see the status of your PM Kisan 16th Installment.