PM Kisan 18th installment: The Pradhan Mantri Kisan Samman Nidhi Yojana, commonly known as PM Kisan Yojana, is a landmark initiative launched by the Central Government of India on December 1, 2018. This scheme aims to provide crucial financial support to farmers across the country, offering an annual assistance of Rs 6,000. This financial aid is designed to help farmers meet their agricultural needs and enhance their overall financial stability.
Key Features of the Scheme
The PM Kisan Yojana provides its beneficiaries with Rs 6,000 per year, distributed in three equal installments of Rs 2,000 each. This regular financial support can significantly help farmers in managing their agricultural expenses and improving their livelihood.
Mandatory Requirements for Beneficiaries
To ensure the smooth functioning of the scheme and prevent any misuse, the government has made two key tasks mandatory for all beneficiaries:
1. e-KYC (Electronic Know Your Customer): Farmers must complete the e-KYC process to verify their identity and eligibility for the scheme.
2. Land Verification: Beneficiaries are required to verify their land records to confirm their status as farmers.
Importance of Completing These Tasks
It’s crucial to note that farmers who fail to complete these mandatory tasks will not receive their Rs 2,000 installment. This underscores the importance of timely completion of e-KYC and land verification processes.
Simplified e-KYC Process
The government has made efforts to simplify the e-KYC process for farmers. Beneficiaries can now use the ‘Face Authentication Feature’ in the PM Kisan Mobile App to complete their e-KYC from the comfort of their homes. This method eliminates the need for OTP or fingerprint verification, making the process more accessible and convenient.
Alternative e-KYC Options
For those who prefer in-person verification, farmers can visit their nearest Common Service Center (CSC) to complete biometric KYC. While OTP-based KYC is free of charge, using CSC services may involve a nominal fee.
Additional Steps for Smooth Benefit Transfer
To ensure seamless transfer of benefits, farmers should take the following additional steps:
1. Link their bank account with their Aadhaar card.
2. Ensure that their Aadhaar and bank account details are correctly seeded.
3. Activate the Direct Benefit Transfer (DBT) option in their Aadhaar-linked bank account.
4. Regularly check their Aadhaar seeding status using the ‘Know Your Status’ feature on the PM Kisan portal.
The PM Kisan Yojana represents a significant step towards empowering Indian farmers and strengthening the agricultural sector. By providing direct financial assistance, the scheme helps farmers meet their immediate agricultural needs and work towards long-term financial stability. However, the effectiveness of this scheme relies heavily on the active participation of beneficiaries in completing the necessary verification processes. As such, farmers are encouraged to promptly complete their e-KYC and land verification to ensure they continue receiving the benefits of this valuable scheme.
