PM Kisan 12th Installment: Prime Minister Kisan Samman Nidhi Yojana (PM Kisan) 12 is due to be disbursed and the announcement on this is expected to come in a month. The payment should be made during the period from August to November.
Under the PM-KISAN scheme, all landowning farming families will receive a cash benefit of Rs 6,000 per year per family, payable in three equal installments of Rs 2,000 each, every four months.
Farmers who have yet to enroll in the scheme but are stuck if there is a cap on land ownership to receive the benefits need to know. The benefits of the scheme are not limited for farmers who have small marginal farmer (SMF) families.
When the program launched on February 24, 2019, benefits were limited for small and marginal farming families with a combined property of up to 2 hectares. The scheme was then revised with effect from 1 June 2019 and extended to all farming families, regardless of the size of their holdings.
All landowning farming families, who have cultivable land in their name, can benefit from the advantages of the scheme.
Farmers should also be aware that the benefits of the scheme will also be allowed in all cases where the transfer of ownership of farmland has taken place after the deadline of February 1, 2019 due to succession due to the death of the landowner.
Watch the Zee Business live stream below:
So far, the government has provided financial benefit of Rs 21,924 crore to eligible farmers under the PM-KISAN scheme this fiscal year. It was transferred directly to eligible farmers’ accounts of 10.26 crore.
The information was given in a written response to Lok Sabha by Union Agriculture Minister Narendra Singh Tomar.
Of this amount, Rs 5,063.25 crore has been transferred to eligible farmers in Uttar Pradesh, Rs 2,053 crore in Maharashtra, Rs 1,684 crore in Bihar and Rs 1,680 crore in Madhya Pradesh so far this exercise, according to the data placed in the lower house.