PM-KISAN Scheme: PM Modi To Release Rs 19,500 Crore To Over 9.75 Crore Beneficiary Farmer Families On 9 AugustPM Modi (Pic Via Twitter)

Prime Minister Narendra Modi will release the ninth instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Monday (9 August) via video conferencing.

This will enable the transfer of an amount of more than Rs. 19,500 crores to more than 9.75 crores beneficiary farmer families.

PM Modi will interact with farmer beneficiaries during the event and will also address the nation. Union Agriculture Minister Narendra Singh Tomar will also be present on the occasion, the PMO said in a statement on Saturday (7 August).

Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible beneficiary farmer families, payable in three equal four-monthly installments of Rs 2,000 each.

The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over Rs 1.15 lakh crores has been transferred to farmer families so far, the statement said.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme was launched by PM Modi in 2019. The scheme aims to provide income support to all landholder farmer families across the country with cultivable land, subject to certain exclusions.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement