PM Kisan 17th Installment: The Prime minister Kisan Samman Nidhi Yojana is One of the best scheme for Farmers Of India. Recently 16th Installment ₹2000 have been already transferred to Farmers Bank Account in the month of February 2024.
For 17th Intallment, beneficiary of the PM Kisan scheme, should understand the process of receiving installments. From initial application to fund transfer, each step is meticulously managed to ensure timely disbursement.
Below is The Step wise Process from Application submission to the Recive of the Installment amount in the bank account:
1. Application Submission:
To initiate the process, eligible farmers can apply through designated officers/agencies or village Patwaris. They’ll need to provide necessary details for verification and inclusion in the scheme.
2. Data Processing by Nodal Officers:
Nodal Officers, appointed by State/UT Governments at various levels, process the submitted data. They meticulously review and organize the information before transferring it to the State Nodal Officers (SNOs) for further authentication.
3. Authentication and Upload by SNOs:
SNOs play a crucial role in verifying and authenticating the data received from Nodal Officers. Once satisfied with the accuracy, they upload the information in batches onto the PM Kisan portal.
4. Multi-Level Verification:
The uploaded beneficiary data undergoes rigorous verification by multiple entities, including the National Informatics Centre (NIC), the Public Finance Management System (PFMS), and banks. This ensures the integrity and accuracy of the information.
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5. Request for Transfer (RFT) Preparation:
Upon successful verification, SNOs prepare the Request for Transfer (RFT) of funds. This document outlines the total number of beneficiaries and the corresponding amount to be transferred for each batch.
6. Fund Transfer Order (FTO) Issuance:
Based on the RFT, the PFMS issues a Fund Transfer Order (FTO). This serves as authorization for the transfer of funds to the beneficiaries’ bank accounts.
7. Sanction Order Issuance:
The Department of Agriculture, Cooperation & Farmers Welfare issues the sanction order for the amount mentioned in the FTO. This step ensures compliance with government regulations and transparency in fund allocation.
READ ALSO: PM KISAN 17th Installment Exclusions: Farmers Who will not Receive ₹2000 installment
8. Fund Transfer to Beneficiaries:
Finally, the sanctioned amount is transferred directly to the bank accounts of the beneficiaries. This process is facilitated through accredited banks and monitored by the National Payment Corporation of India (NPCI).
FAQs:
Q1: How long does it take to receive PM Kisan installments after application?
A1: The timeline for receiving installments can vary, but typically, beneficiaries start receiving funds within a few weeks to months after successful application and verification.
Q2: Can I track the status of my PM Kisan installment online?
A2: Yes, beneficiaries can track the status of their installment payments online through the official PM Kisan portal (www.pmkisan.gov.in) using their unique identification details.
Q3: What happens if there are discrepancies in my beneficiary data?
A3: If discrepancies are found in the beneficiary data, the concerned authorities may reach out to rectify the errors. It’s essential to ensure accurate and up-to-date information to avoid delays in receiving installments.
Official Website: pmkisan.gov.in
Our Homepage: www.jksu.in
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