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samman nidhi
What is the Meaning of Vesting Date in PM Kisan Samman Nidhi?
PM Kisan Samman Nidhi is a government-sponsored scheme that provides financial assistance to small and marginal farmers in India. The scheme was launched in February 2019 with the aim of providing financial assistance to farmers to help them meet their basic needs. Under the scheme, farmers receive an annual income support of Rs. 6000/- per year, which is split into three installments of Rs. 2000/- each.
What is Vesting Date?
The vesting date is an important part of the PM Kisan Samman Nidhi scheme. It is the date on which the farmer is eligible to receive the first installment of the financial assistance. The vesting date is determined based on the farmer’s landholding and the date of registration in the scheme.
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How is the Vesting Date Determined?
The vesting date is determined by the government based on the registration date of the farmer in the scheme and the landholding of the farmer. Farmers who have registered before the 31st of December of the previous year are eligible to receive the first installment of the financial assistance from the 1st of April of the current year.
For farmers who have registered after the 31st of December of the previous year, the vesting date will be the 1st of April of the following year. The vesting date is the same for all farmers, regardless of their landholding.
Conclusion
The vesting date is an important part of the PM Kisan Samman Nidhi scheme. It is the date on which the farmer is eligible to receive the first installment of the financial assistance. The vesting date is determined based on the farmer’s landholding and the date of registration in the scheme.