The central government has so far released Rs.2,000 in 13 installments under the Prime Minister’s Kisan Samman Nidhi Yojana. Now the 14th installment is due. The central government transfers money directly to the beneficiary accounts 3 times a year.
The central government releases the Pradhan Mantri Kisan scheme funds 3 times in a financial year. One installment from April to July, another installment from August to November and third installment from December to March will release installments of PM Kisan scheme.
The central government will provide a total of Rs 6,000 in a year to the benefited farmers. Karnataka government will give two more installments in addition to this. That means Rs 10,000 will be deposited in the accounts of the beneficiaries in Karnataka in a year.
Pradhan Mantri Kisan Samman Nidhi Yojana was launched by Prime Minister Modi in February 2019. It is a subsidy provided by the central government to facilitate the farming of small farmers. Initially, the scheme was limited to farmers with less than 5 acres of land. Now applied to all farmers.