Central Government. The PM Kisan Yojana has decided to transfer the 4th installment only to those beneficiaries who have Aadhaar linked bank accounts. The first 3 installments of Rs. 2,000 people were transferred under the PM-Kisan Income Assistance Scheme each without insisting on linking bank accounts with Aadhaar. However, the fourth installment of Pradhan Mantri Samman Nidhi Yojana is to be transferred to the authenticated bank account of the farmers.
This will be the first time that the central government insists on the mandatory condition of Aadhaar seeding. With the release of the fund of PM Kisan Yojana, Rs. 10,000 crores in the economy at a time when economic growth is stagnant. Accordingly, the government is exploring ways to revive the agricultural sector, particularly the rural economy.
PM Kisan Yojana installment number 4 will be the biggest money under the scheme.
PM Kisan Yojana 4th installment – Aadhaar Link Bank Account Must
PM Kisan Samman Nidhi Yojana was launched by Prime Minister Narendra Modi to benefit the farmers. Under this PM Kisan Yojana, all farmers get Rs. 6,000 per year in 3 equal installments of Rs. 2,000 each as income support. Farmers can edit their Aadhaar details, check their names in the beneficiary list and track the application status on the pmkisan.gov.in portal. Direct link given by farmers to update Aadhaar number details in Pradhan Mantri Kisan Yojana is given below: –
http://www.pmkisan.gov.in/updateaadharnobyfarmer.aspx
From the fourth installment onwards, payment will be made only to those farmers whose Aadhaar numbers have been certified with their bank accounts. So far, the Department of Agriculture and Farmers Welfare has certified over 50 million bank accounts. The installments between December 2019 and March 2020 are to be transferred to Aadhaar certified accounts.
The date and place of transfer of installment of PM Kisan Yojana has not been decided yet. But the central government. Ready to distribute more than Rs. 10,000 crores to farmers in a day. This can give a boost to the rural economy at a time when the GDP growth rate has reached below ten. All farmers can now use this amount. 6,000 per year to purchase farm seeds, fertilizers, agricultural implements or other methods of your choice to increase your productivity.