The PM Kisan Samman Nidhi Yojana (PM Kisan Yojana) is a flagship initiative by the Government of India aimed at providing financial support to farmers across the country. Under this scheme, farmers receive ₹6,000 annually in three equal installments of ₹2,000 each. However, recent developments suggest a potential increase in the assistance amount, which could significantly benefit farmers.
Proposed Increase in PM Kisan Yojana Amount
Currently, farmers are entitled to ₹6,000 per year under the scheme. Reports indicate that the government may announce an increase in this amount in the Union Budget 2025. A parliamentary committee, chaired by Charanjit Singh Channi, has recommended doubling the financial assistance provided under the scheme. Farmers’ organizations have also urged the government to raise the amount to ₹12,000 annually, along with demands for affordable long-term loans and tax relief.
If approved, the revised scheme may provide ₹10,000 to ₹12,000 annually to farmers, offering substantial relief to their financial challenges. However, the final decision is expected in February 2025 during the budget session.
PM Kisan Yojana: Upcoming Installment Details
To date, 18 installments have been disbursed under the PM Kisan Yojana. The 19th installment is expected to be credited to farmers’ bank accounts by late January 2025 or early February 2025. This installment will benefit 9.30 crore farmers across the nation.
Importance of eKYC for PM Kisan Yojana
For farmers to continue receiving benefits, completing the eKYC process is mandatory. Without this verification, farmers may not be eligible for the upcoming installment. If you haven’t completed your eKYC yet, make sure to do so immediately to avoid losing out on future benefits.
Benefits of PM Kisan Yojana
| Benefit | Details |
|---|---|
| Increased Assistance | Proposal to raise annual financial aid to ₹10,000–₹12,000. |
| Installments | Farmers currently receive ₹6,000 in three installments. |
| Upcoming Installment | 19th installment expected in January or February 2025. |
| eKYC Requirement | Mandatory to ensure eligibility for benefits. |
How Farmers Can Benefit
The PM Kisan Yojana has been a transformative initiative for millions of farmers, providing financial security and improving their quality of life. An increase in the assistance amount would further enhance their economic stability, enabling them to invest in better agricultural practices and meet their daily needs.
Farmers are encouraged to stay updated with announcements related to the Union Budget 2025 and ensure that their accounts are eKYC-verified to continue receiving benefits without interruption.
Conclusion
The PM Kisan Yojana continues to serve as a vital support system for farmers in India. With the possibility of increased financial assistance, the scheme could bring even greater relief to those facing economic hardships. Completing the mandatory eKYC and staying informed about upcoming changes will help farmers make the most of this beneficial program.