The government has transferred Rs 18,000 crore to farmers through the PM-KISAN scheme. This program provides direct financial assistance to small and marginal farmers. It provides an annual grant of Rs 6,000 to eligible small and marginal farmers. The money is released to the farmer in three installments. This program has helped many small and marginal farmers by providing them with much-needed finance. The PM-KISAN program has helped farmers increase yields and increase their income by ensuring proper crop health. More info – pmmodischeme.in/
Where Is The Best Pradhan Mantri Kisan Samman Nidhi Yojana?
The scheme pays out Rs 6,000 to each eligible farm family every year, payable in three equal instalments of Rs 2,000. The farmer must update his KYC every year to get the next instalment. The funds are usually transferred to the bank account within ten to fifteen days of the due date. However, there have been instances wherein the funds were not immediately transferred.
The number of eligible farmer families is limited to twelve crore. This scheme is aimed at empowering farmers with the basic resources to improve their lives and their land. In order to qualify, each eligible family must have at least one hectare of arable land. If a farmer has two hectares of arable land, he will be eligible for the scheme. If he owns five hectares jointly, he will qualify for the benefit.