The PM Kisan Samman Nidhi Yojana provides financial assistance to small and marginal landholding farmers across India.
Recently, the 17th installment of this scheme was released, benefitting over 5.49 lakh farmers in Prayagraj, with each farmer receiving ₹2,000.
Eligibility and Benefits
Eligibility: Small and marginal landholding farmers.
Benefits: ₹6,000 annually in three installments of ₹2,000 each, sent directly to the farmers’ bank accounts.
Receiving PM Kisan Money from the Post Office
Farmers can now receive their PM Kisan payments via the postal department, eliminating the need to visit banks or ATMs. This service leverages the Aadhaar Enabled Payment System (AePS).
How to Get PM Kisan Money from the Post Office
- Link Aadhaar with Mobile and Bank Account: Ensure your mobile phone and bank account are linked with Aadhaar.
- Use AePS: With AePS, you can withdraw money using your mobile phone and Aadhaar-linked bank account.
- No Fees: The postal department will not charge any fees for this service.
Advantages for Farmers
Convenience: Farmers can withdraw money from the comfort of their homes.
Accessibility: This service is particularly useful for those in rural areas with limited access to bank branches and ATMs.
Financial Inclusion: Helps in bringing more farmers into the formal banking system.
Impact of PM Kisan Scheme
The scheme aims to support small and marginal farmers by providing them with financial assistance, thereby reducing their dependency on moneylenders and helping them manage farming costs.
The financial aid has also encouraged many farmers to continue farming, reversing the trend of abandoning agriculture due to high costs.
Recent Developments
17th Installment Released: Prime Minister Narendra Modi released the 17th installment of over ₹20,000 crore to 92.6 million beneficiary farmers.
Increased Participation: Efforts are being made to include eligible farmers who were previously excluded from the scheme.
