PM Modi Releases 8th Installment Of Financial Benefit Under PM-KISAN
New Delhi: Prime Minister Narendra Modi released the 8th installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) on Friday via video conferencing.
This enables transfer of over Rs 19,000 crores to more than 9.5 crores beneficiary farmer families.
PM Kisan Samman Nidhi scheme is a Central scheme with 100 per cent funding from the central government. Under this scheme, income support of Rs 6,000 per year in three equal installments is provided to small and marginal farmer families.
The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over Rs 1.15 lakh crore has been transferred to farmers’ families so far.
On this auspicious day of Akshaya Tritiya, around Rs 19,000 crores have been transferred to the banks of farmers. It would benefit close to 10 cr farmers. For the first time, farmers from West Bengal will be benefitted from this scheme, said PM Narendra Modi.