The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana has been a landmark initiative by the Government of India to provide much-needed financial support to small and marginal farmers across the country. Under this scheme, the government has successfully transferred financial assistance to over 9 crore farmers directly into their bank accounts. With the 18th installment of PM Kisan set to be released soon, it continues to offer timely relief to farmers who rely solely on agriculture for their livelihood.
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When Will the PM Kisan Next Payment Date 2024 Be Released?
According to the latest information, the next installment of the PM Kisan Yojana will be credited into farmers’ bank accounts in the first week of October 2024. This payment will mark the 18th installment under the scheme, further strengthening the financial support that small and marginal farmers need, particularly during challenging agricultural seasons.
What is PM Kisan Yojana?
Launched in February 2019, the PM Kisan Samman Nidhi Yojana is a government initiative aimed at supporting farmers by providing them with financial aid of ₹6,000 per year. This amount is distributed in three equal installments of ₹2,000, directly credited into the beneficiaries’ bank accounts every four months. It is designed to help farmers meet their agricultural and livelihood needs, especially in a sector where many are financially vulnerable.
Moreover, PM Kisan also enables farmers to access short-term loans of up to ₹3 lakh without the need for any security. The scheme has garnered significant praise for its direct benefit transfer system, ensuring transparency and efficiency in fund disbursement.
Summary of PM Kisan Next Payment Date and Benefits
| Article | PM Kisan Next Payment Date 2024 |
|---|---|
| Announced By | Government of India |
| Beneficiaries | Small and marginal farmers |
| Benefits | ₹2,000 installment under PM Kisan Yojana |
| 18th Installment Release Date | 5 October 2024 |
| Official Website | PM Kisan Portal |
The 18th installment is crucial for the rural economy as it ensures that farmers have the necessary resources to sustain their agricultural practices, particularly in the face of seasonal uncertainties.
Eligibility Criteria for PM Kisan Yojana
To avail the benefits of PM Kisan Yojana, certain eligibility criteria must be met:
- The applicant must be a citizen of India.
- Only small and marginal farmers (who own up to 2 hectares of agricultural land) are eligible for this scheme.
- Applicants should not hold any government position that earns a pension of more than ₹10,000 monthly.
- Professionals such as lawyers, doctors, engineers, and Chartered Accountants (CA) are not eligible for this scheme.
Amount Released Under Previous Installments
The 17th installment of the PM Kisan scheme was released on June 18, 2024, amounting to a whopping ₹20,000 crore. This installment benefitted around 9.2 crore farmers nationwide, providing them with much-needed financial support during the agricultural season. Farmers received the ₹2,000 installment directly in their bank accounts, ensuring that the funds were quickly accessible.
Important Dates for PM Kisan Installments
For reference, here is a timeline of recent and upcoming installment releases:
- 15th Installment Date: November 2023
- 16th Installment Date: February 2024
- 17th Installment Date: June 18, 2024
- 18th Installment Date: Expected in October or November 2024
Farmers can expect the next installment to be credited soon, which will provide a much-needed financial boost before the Rabi season.
Financial Benefits of PM Kisan Yojana
The government aims to provide ₹6,000 per year to every eligible farmer under PM Kisan Yojana. This amount is distributed in three installments of ₹2,000 each, which are credited every four months. The primary goal is to alleviate the financial burden on small farmers and empower them to continue their agricultural activities.
The direct benefit transfer (DBT) mechanism ensures that the financial assistance reaches farmers’ bank accounts without any middlemen or corruption, making it one of the most transparent schemes in India.
Required Documents for PM Kisan Registration
To apply for PM Kisan Yojana, farmers must submit the following documents:
- Aadhaar Card – The unique identity number is crucial for registration.
- Landholding Documents – Proof of agricultural land owned by the farmer.
- Savings Bank Account – The account to which the funds will be transferred.
- Ration Card – Identity proof and verification of family members.
- Proof of Citizenship – A valid document proving Indian nationality.
- KYC Documents – Know Your Customer details for verification.
How to Check PM Kisan Next Payment Date Online at pmkisan.gov.in
Farmers can easily check the status of the PM Kisan Next Payment by following the steps below:
- Visit the official PM Kisan portal at pmkisan.gov.in.
- Click on the “Check Payment Status” option available on the homepage.
- Enter your Registration Number, Mobile Number, or Aadhaar Number to proceed.
- Verify the OTP received on your mobile number.
- After entering the OTP, click the Submit button, and you will see the status of your next installment.
How to Check PM Kisan Payment Status on PFMS Portal
Another method to check the PM Kisan payment status is by visiting the PFMS (Public Financial Management System) portal:
- Go to the official PFMS website at pfms.nic.in.
- Enter your details such as category, bank name, and either application ID, beneficiary code, or account number.
- Enter the captcha code to proceed and click Search.
- Your payment status will be displayed on the screen.
Contact Details for PM Kisan Yojana
For any inquiries or support related to PM Kisan Yojana, you can contact the Helpdesk at 1800 118 111.
Frequently Asked Questions (FAQs)
Q1. When will the next installment of PM Kisan Yojana be released?
The next installment is expected to be released in October or November 2024.
Q2. How much will farmers receive in the 18th installment?
Farmers will receive ₹2,000 as the 18th installment under the scheme.
Q3. Can I check my PM Kisan payment status online?
Yes, you can check your payment status online by visiting the PM Kisan portal or the PFMS portal.
Q4. What are the benefits of PM Kisan Yojana?
PM Kisan Yojana provides financial assistance of ₹6,000 annually to farmers, divided into three installments of ₹2,000 each, ensuring farmers have the resources to sustain their agricultural activities.
Q5. What documents are required to apply for PM Kisan Yojana?
To apply, you will need documents like your Aadhaar Card, landholding papers, savings bank account details, and proof of citizenship.
