A footstep towards Pradhan Mantri Kisan Samman Nidhi Yojna was rolled out on 24 February 2019 in Gorakhpur, UP. A central sector program that incorporates small and marginal farmers empowered in assistance of Rs 6,000 in a year in 3 instalments deposited directly to their bank statement.
The big announcement shows up for farmers, PM KISAN Yojna, which came to be functional on 1st December 2018, marks the beginning of its 9th instalment to be transferred. All the beneficiaries can review the transfer status through their mobile number or adhar number linked with their bank account.
The three-instalment span is April-July, August to November and December to March. Through this union wants to give a stable hand to farmers and safeguard them from collapsing into the grips of moneylenders, consequently guaranteeing their continuation in farming activities.
This indirectly benefits farmers to maintain a foot distance from stumbling into the vicious cycle of debt trap directing to farmer suicides.
Numbers speak for themselves; statistics show 3,16,06,711 farmers received the very first instalment in December-March 2018-2019. This time scheme intends to lower liquidity limitations for more than 9.5cr farmers.