PM Kisan Installment: Key Facts for Exams
The **PM Kisan** scheme provides financial assistance to farmers. Learn about the installment process and eligibility criteria.
The PM Kisan scheme is a central government initiative that provides financial assistance to farmers. The scheme aims to support farmers by providing them with a minimum income guarantee.
Introduction & Concept Overview
The PM Kisan scheme was launched to provide financial assistance to farmers. The scheme provides an annual financial assistance of ₹6,000 to eligible farmer families. The assistance is provided in three equal installments of ₹2,000 each.
Complete List of Scheme Components
| Component | Description |
|---|---|
| Eligibility | Farmer families with cultivable land |
| Assistance | ₹6,000 per year in three installments |
| Installment Amount | ₹2,000 per installment |
Historical Timeline & Evolution
The PM Kisan scheme was launched in 2019. The scheme has undergone several changes since its launch. The government has made eKYC mandatory for beneficiaries to receive the installment.
Key Facts & Figures to Memorize
- ₹6,000: Annual financial assistance to eligible farmer families
- ₹2,000: Installment amount
- eKYC: Mandatory for beneficiaries to receive the installment
Memory Tricks & Mnemonics
To remember the key facts, use the acronym PMK: P
- ₹6,000 annual assistance, M
- ₹2,000 installment amount, K
- eKYC mandatory.
Frequently Asked in Exams
- What is the annual financial assistance provided under the PM Kisan scheme?
- What is the installment amount under the PM Kisan scheme?
- What is the purpose of eKYC in the PM Kisan scheme?
Frequently Asked Questions
Q: What is the PM Kisan scheme?
A: The PM Kisan scheme is a central government initiative that provides financial assistance to farmers. The scheme aims to support farmers by providing them with a minimum income guarantee.
Q: How much financial assistance is provided under the PM Kisan scheme?
A: The PM Kisan scheme provides an annual financial assistance of ₹6,000 to eligible farmer families. The assistance is provided in three equal installments of ₹2,000 each.
Q: What is the purpose of eKYC in the PM Kisan scheme?
A: eKYC is mandatory for beneficiaries to receive the installment. It helps to verify the identity of the beneficiaries and prevent fraud.
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