Funds to Reach Bank Accounts Directly
Under this scheme, beneficiary farmers receive ₹2000 each, directly transferred to their bank accounts. Millions of farmers across the country will join this virtual event on 2 August. According to government estimates, approximately 9.3 crore farmers will benefit this time as well. Beneficiaries are informed via SMS alert immediately after the instalment is released.
How Many Instalments Released So Far?
The Pradhan Mantri Kisan Samman Nidhi Yojana was launched in 2019. Under this scheme, eligible farmers receive ₹6,000 annually, disbursed in three instalments. The central government has released 19 instalments so far. The 20th instalment will be released on 2 August. Beneficiaries receive this amount every four months.
e-KYC and Land Record Verification Mandatory
Only those farmers who have completed their e-KYC and land record verification on time will receive the benefits of this scheme. Farmers whose Aadhaar cards are not linked to their bank accounts or whose records are incomplete will not receive the instalment this time. The government has repeatedly appealed to eligible farmers to update their details as soon as possible.