PM Kisan Fund Transfer Journey Explained: How money is credited directly to farmers' bank accounts - Know full process
New Delhi, Oct. 30 -- The government transferred around Rs.18,690 crore to more than 9.34 crore farmers under the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday, October 30.
The amount was released through the Direct Benefit Transfer (DBT) mechanism at an event in Banaskantha, Gujarat. But how does the money reach beneficiaries, and what checks are carried out before it is credited to their bank accounts?
The process involves multiple stages, including farmer registration, verification of land and banking records, Aadhaar authentication and approval by state authorities. The Public Financial Management System (PFMS) and banking networks also play a role in ensuring that payments reach eligible benef...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.