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In a groundbreaking move scheduled for November 15, 2023, Prime Minister Narendra Modi is set to bestow a significant gift upon the small-scale farmers of India, particularly in the picturesque region of Khunti, Jharkhand. The focal point of this event is the 15th installment of the PM Kisan Samman Nidhi Yojana, a testament to the government’s unwavering commitment to agricultural welfare.
Budget Allocations and Transfers:
Adding to the anticipation, PM Modi, in a strategic move, will transfer the allocated funds for the PM Kisan Yojana directly to Jharkhand. This follows the successful disbursement of the 14th installment in Gujarat on July 27, 2023, where a staggering ₹17,000 crore was transferred to the bank accounts of 8.5 crore farmers.
Unveiling the World’s Largest Direct Transfer Scheme:
Launched just before the 2019 Lok Sabha Elections, the PM Kisan Yojana stands as a monumental direct transfer scheme globally. Providing financial assistance of ₹6,000 to farmers in three installments over four months, the Modi government has, to date, transferred over ₹2.59 lakh crore to the bank accounts of more than 11 crore farmers across 14 installments.
Kist Distribution Timeline:
Understanding the disbursement timeline is crucial for farmers eagerly awaiting financial assistance. The installments are distributed thrice a year: the first between April and July, the second from August to November, and the third from December to March. State and union territory governments share the responsibility of verifying and uploading accurate beneficiary information, ensuring the seamless provision of benefits after cross-referencing with PFMS and income tax data.
As the nation eagerly awaits this historic event, the impact of the PM Kisan Yojana continues to resonate, not just in financial terms but in the empowerment of millions of farmers. Stay tuned for updates on November 15, 2023, as the saga of agricultural prosperity unfolds in Jharkhand, marking another stride toward the welfare of India’s backbone – its farmers.
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