Modi Releases Rs 16,000 Crore For Eligible Farmers
As crores of farmers in India were waiting for the 12th installment of the Prime Minister Kisan Samman Nidhi Scheme (PM-KISAN), here’s the good news for them as the government on Monday released the amount ahead of Diwali and ongoing rabi sowing. Prime Minister Narendra Modi released a financial benefit worth Rs 16,000 crore to over 11 crore eligible farmers under the scheme.
With this, the total amount transferred to the beneficiaries is expected to cross Rs 2.16 lakh crore. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal installments of Rs 2,000 each every four months. The fund is directly transferred to the bank accounts of the beneficiaries. The scheme was launched in February 2019 but is being implemented with effect from December 2018.
The Prime Minister released the 12th installment at a two-day event “PM Kisan Samman Sammelan 2022” being held at the Pusa campus in the national capital. Union Agriculture Minister Narendra Singh Tomar and Chemicals & Fertilisers Minister Mansukh Mandaviya were also present at the program.