The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme continues to support Indian farmers with its 18th installment released on October 5, 2024. The government allocated ₹20,000 crore to this installment, benefiting 9.4 crore farmers with direct financial assistance of ₹2,000 each. This vital aid helps small and marginal farmers meet their agricultural needs and manage expenses effectively. The previous installment in June 2024 benefitted 9.25 crore farmers, and this time the number of beneficiaries has increased by 25 lakh.
PM Kisan 18th Installment: A Step Towards Agricultural Empowerment
On October 5, 2024, PM Narendra Modi officially launched the 18th installment of the PM Kisan Yojana in Maharashtra’s Washim. This installment provided more than ₹20,000 crore directly to the accounts of over 9.4 crore farmers. The PM Kisan Yojana targets small- and marginal-farmers holding up to two hectares of land, offering an annual financial assistance of ₹6,000 in three equal installments of ₹2,000. It is recognized as the largest direct benefit transfer (DBT) program globally.
With this release, the PM-KISAN scheme has disbursed over ₹3.45 lakh crore since its inception, supporting over 11 crore farmers nationwide. This demonstrates the government’s unwavering commitment to agricultural growth and rural development.
Key Highlights of PM Kisan 18th Installment Release
- Scheme Name: PM Kisan Samman Nidhi (PM-KISAN) 18th Installment
- Launched By: Central Government
- Managed By: Ministry of Agriculture and Farmers Welfare
- Objective: Financial support to farmers for agricultural expenses
- Disbursement Date: October 5, 2024
- Mode of Payment: Online transfer
- Official Website: PM Kisan Portal
Objective of the PM Kisan 18th Installment
The core goal of the PM Kisan 18th installment is to provide financial relief to farmers, enabling them to continue their farming operations smoothly. The installment ensures timely financial assistance for farmers, helping them meet their operational costs, purchase essential supplies, and boost overall agricultural productivity.
The previous installment of the scheme was released in June 2024, and now, with the release of the 18th installment, the government aims to further uplift the farming community, especially those facing financial constraints.
Eligibility Criteria for PM Kisan 18th Installment
To be eligible for the PM-KISAN scheme, farmers must meet the following criteria:
- Farmers must be land-holding individuals or families with up to two hectares of land.
- The scheme benefits farmers falling under the Below Poverty Line (BPL) category.
- Aadhaar seeding of bank accounts is mandatory for farmers to receive payments.
Since its inception, the scheme has expanded its reach, with an additional 2 crore farmers included after updates in May 2019, bringing the total number of beneficiaries to nearly 14.5 crore.
PM Kisan Installment Dates
- 15th Installment: November 15, 2023
- 16th Installment: February 28, 2024
- 17th Installment: June 18, 2024
- 18th Installment: October 5, 2024
Required Documents for PM Kisan Installment Release
Farmers need the following documents to avail the benefits under the PM Kisan Yojana:
- Aadhaar number
- Registered mobile number
How to Check PM Kisan 18th Installment Payment Status
Farmers can easily verify the status of their PM Kisan installment online. Here’s a step-by-step guide:
- Visit the PMFS Website: Open the official PM Kisan portal.
- Select “Payment Status”: Choose the “Payment Status” option from the dashboard.
- Enter Details: Input your Aadhaar number or bank account details.
- Click “Get Data”: The system will retrieve your beneficiary status and show the payment details on the screen.
How to Check PM Kisan Application Status
Farmers can also track their application status for the PM Kisan scheme:
- Visit the PM Kisan Portal: Access the official website.
- Select “Beneficiary Status”: Choose this option from the menu.
- Enter Required Details: Fill in your Aadhaar number or bank account details.
- Click “Get Data”: The system will display your application status after processing the information.
PM Kisan: Ensuring Financial Stability for Farmers
The PM Kisan Yojana has transformed the financial landscape for small and marginal farmers across India. By providing ₹6,000 annually, this scheme ensures that farmers have the necessary resources to invest in their farms and improve their livelihoods. The government’s commitment to delivering timely payments via DBT has made it easier for farmers to plan their agricultural activities and manage expenses effectively.
Future Installments: Continuous Support for Farmers
The PM Kisan scheme is expected to continue its financial support in the coming months. Farmers can anticipate the next installment around February 2025, which will provide further financial relief and empower them to sustain their farming activities without financial stress.
Conclusion
The 18th installment of the PM Kisan Yojana underscores the government’s dedication to supporting farmers and improving rural economies. By offering financial aid to over 9.4 crore farmers, the scheme plays a pivotal role in ensuring agricultural prosperity and enhancing the livelihood of millions. With continued installments, the PM Kisan Yojana will further strengthen India’s agricultural sector and help farmers overcome financial challenges.
For more information or queries, farmers can visit the official PM Kisan Portal.