PM Kisan Samman Nidhi Yojana 16th installment will be disbursed by the central government to recipients by the end of the month, according to the PM Kisan website.
The PM Kisan Samman Nidhi Yojana is a government initiative that Prime Minister Narendra Modi introduced. This scheme's primary goal is to give impoverished farmers a source of income and a safe environment. With this policy, farmers receive an annual aid of Rs 6000, farmers receive three installments of Rs 2000 each during the year. The amount will be directly credited to the farmer’s bank account.
The program is only available to farmers who really own cultivable land. However, taxpayers are not eligible under the scheme.
The financial amount will be disbursed under the PM Kisan 16th will be on February 28, 2024. On this date, the cash will be credited to the eligible beneficiary’s account.
According to the PM kisan website, “eKYC is MANDATORY for PMKISAN Registered Farmers. OTP Based eKYC is available on PMKISAN Portal or nearest CSC centres may be contacted for Biometric based eKYC.”
Why eKYC?
To ensure the benefit of the PM Kisan scheme reaches to the intended beneficiaries in their Aadhaar seeded bank accounts without involvement of any middlemen.
Modes of the eKYC
There are following three modes of eKYC available to the farmers of the PMKISAN scheme:
(i) OTP Based e-KYC (available on PM-KISAN Portal and Mobile App)
(ii) Biometric based e-KYC (available