PM Kisan Yojana 14th installment: Who are eligible, necessary steps and all other details

PM Kisan Yojana 14th installment: Who are eligible, necessary steps and all other details

The 14th installment of the PM Kisan Samman Nidhi Yojana, which aids numerous small farmers in India, is set to be released on July 27. Approximately 8.5 crore farmers from Sikar, Rajasthan, will benefit from this scheme. Please note that this information is based on the current date of July 27, 2023, and for the most accurate and up-to-date details, it is recommended to refer to official government sources or reliable news outlets.

The PM Kisan Samman Nidhi Yojana has been a crucial initiative in India aimed at providing much-needed financial assistance to small and marginal farmer families across the country. As part of the scheme, the 14th installment, expected to be a substantial amount of around ₹17,000 crore, is set to be disbursed to eligible beneficiaries.

Since the inception of the program, a staggering total of approximately ₹2.59 lakh crore has been transferred to the farmers, showcasing the significant impact and reach of this welfare scheme. The government’s commitment to supporting the farming community has been evident through these timely financial transfers.

Under the PM Kisan Samman Nidhi Yojana, eligible landholding farmer families receive an annual financial support of ₹6,000. This support is provided in three equal installments of ₹2,000 each throughout the year. The regularity and predictability of these payments enable farmers to better plan and manage their agricultural activities, ensuring a stable income source for them and their families.

The financial assistance offered by the government plays a crucial role in addressing the farmers’ immediate needs, including the procurement of seeds, fertilizers, and other essential inputs for farming. Moreover, it aids in meeting domestic expenses, such as household necessities and educational requirements, contributing to an improved standard of living for the farmer households.

It is noteworthy that the entire financial burden of this support is borne by the Central government, as they recognize the vital role played by farmers in the nation’s food security and overall economic growth. By alleviating some of the financial challenges faced by farmers, the PM Kisan Samman Nidhi Yojana seeks to empower them, encourage agricultural productivity, and enhance the overall well-being of the farming community.

As the scheme continues to benefit millions of farmers across the nation, the government remains committed to ensuring the effective implementation and expansion of this initiative, providing much-needed support to those who tirelessly work to sustain the agricultural backbone of the country.

The 14th installment of the PM-Kisan Samman Nidhi Yojana is disbursed through an Aadhaar-NPCI-linked bank account, ensuring a secure and efficient transfer of funds to eligible beneficiaries. This method of payment helps in direct and transparent financial assistance to the farmers, minimizing the chances of any discrepancies.

As per the provided information, the 13th installment of the PM-Kisan Samman Nidhi Yojana was released on February 27, 2023. The government strives to maintain a regular schedule for the disbursement of installments, ensuring that the farmers receive their much-needed support in a timely manner.

It is essential for farmers to have their Aadhaar linked with their bank accounts to avail themselves of the benefits under this scheme. This linkage ensures that the payments are directly transferred to the correct and eligible beneficiaries, avoiding any potential misuse or diversion of funds.

By utilizing technology and Aadhaar-NPCI linkage, the government aims to streamline the entire process, making it more efficient and transparent. This also reduces the administrative burden and enhances the overall effectiveness of the PM-Kisan Samman Nidhi Yojana, thereby ensuring that the financial support reaches the intended recipients without any delays or complications.

To receive the benefits of the 14th installment under the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan Yojana), eligible farmers are required to complete their eKYC (Electronic Know Your Customer) process. The eKYC is an essential verification step that ensures the correct and eligible beneficiaries receive the financial assistance.

The eKYC process can be completed using two methods:

1. OTP on Aadhaar-linked phone number: Farmers can verify their eKYC by providing their Aadhaar-linked phone number and then entering the One-Time Password (OTP) sent to that mobile number. This step confirms the authenticity of the farmer’s identity and ensures that the correct Aadhaar-linked bank account is being used for the payment.

2. PMKISAN GOI App: Alternatively, farmers can also use the PMKISAN GOI (Government of India) mobile application to complete their eKYC. The app likely has a feature that guides the farmers through the verification process, and they may need to provide necessary details and consent to complete the eKYC.

Once the eKYC process is successfully completed, the eligible farmers will be able to receive the financial benefits of the 14th installment of the PM-Kisan Samman Nidhi Yojana. This verification step is crucial to ensuring that the funds are directed to the right beneficiaries, preventing any potential mismanagement or misuse of the scheme’s funds.

To avail the benefits of the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan Yojana) and receive the 14th payment, eligible beneficiaries can follow these steps:

Step 1: Visit the PM-Kisan website (official website of PM-Kisan Yojana) and click on the “Beneficiary List” option.

Step 2: Fill in the required details such as your state, district, sub-district, block, and village to generate the beneficiary list report. This will help you ascertain if you are eligible to receive the benefits under the scheme.

Step 3: Ensure that you have an NPCI (National Payments Corporation of India)-linked bank account. If you do not have one, you can contact your local post office to open a new account under India Post Payment Bank (IPPB) that supports Direct Benefit Transfer (DBT) for payment under the PM-Kisan scheme.

Beneficiaries can complete their e-KYC (Electronic Know Your Customer) process in a convenient manner. They have the option to perform e-KYC by scanning their face without the need for an OTP (One-Time Password) or a fingerprint. This facial recognition-based e-KYC process simplifies the verification procedure, making it more accessible for beneficiaries.

Furthermore, the central government has enabled state officers to conduct e-KYC. This means that beneficiaries can also complete the verification process through authorized state officers, providing additional flexibility and ease in verifying their eligibility for the scheme.

By following these steps and completing the e-KYC process, eligible farmers can ensure that they receive the financial assistance under the Pradhan Mantri Kisan Samman Nidhi Yojana and benefit from the 14th payment installment. The scheme aims to provide crucial support to farmers, promoting agricultural development and enhancing their livelihoods.