PM Kisan Instalment: How many times farmers can avail Pradhan Mantri KISAN benefits?

Pradhan Mantri Kisan Samman Nidhi news: PM KISAN is a government scheme with 100 per cent funding from the Government of India. Started in December 1, 2018, the scheme promises an income support of Rs 6,000 per year in three equal installments to small and marginal farmer families, having combined land holding/ownership of up to 2 hectares. 

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Under the PM-KISAN Scheme, benefits are transferred in three, four-monthly periods. In every four months period, Rs 2000 is transferred to eligible farmers families. Therefore, benefits of Rs 6000 are transferred annually.  

The PM-KISAN Scheme benefits are not transferrable every month. The benefits are transferred in three installments. Various reasons have been identified by the Union Government for the transaction's failure under PM-KISAN Scheme such as account closed/transferred, invalid IFSC, account inactive, account dormant, amount exceeds limit set on account by bank for credit/debit per transaction, account holder expired, account blocked or frozen, inactive Aadhaar, network failure etc.   

To tackle the issues of transaction failures and process the payment to such registered farmers’ families, a Standard Operating Procedure (SOP) has been developed and issued to States/UTs for necessary action at their end.  In cases where the corrective measures are to be taken by States/UTs, such transaction failure records are opened to respective State/UT for correction under the “Correction Module” tab of PM-KISAN portal. Thereafter, all the transaction failure records are reprocessed for the payment of the respective installment under PM-KISAN Scheme.  

Also, the government has classified the definition of family for the scheme is husband, wife and minor children. State Government and UT administration will identify the farmer families which are eligible for support as per scheme guidelines. The fund will be directly transferred to the bank accounts of the beneficiaries. There are various exclusion categories for the scheme.  

The transfer of the amount to the bank accounts of the beneficiaries can take few days’ time and to ensure this farmer can check the PM-KSNY instalment, status, list, etc.   The Pradhan Mantri Kisan Samman Nidhi (PM KISAN) scheme was launched with the view to supplement the earnings of small and medium categories farmers. This scheme coupled with the Digital India initiative has made it possible to reach the PM KISAN benefits to 12 crore farmers in the country.  

With a view to augment income of Small & Marginal Farmers, the Govt launched a Central Sector Scheme- Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) to provide financial assistance of up to Rs 6,000 annually to small and marginalised farmers across the country. 

Farmers, who have received the eight instalments, don’t have to apply for the 9th instalment.  They will receive the 9th instalment in due time directly in their bank accounts. However, farmers, who haven’t got eighth or other instalments, should check their status on pm kisan online portal www-pmkisan-gov-in or via the mobile app.