PM Modi To Release Rs 19,000 Crore To Over 9.5 Crore Beneficiary Farmer Families Under PM-KISAN Scheme Today

Prime Minister Narendra Modi will release the eighth instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme at 11 am today (14 May) via video conferencing.

This will enable the transfer of more than Rs 19,000 crore to more than 9.5 crores beneficiary farmer families.

Prime Minister will also interact with farmer beneficiaries during the event. Union Agriculture Minister will also be present on the occasion, the Prime Minister's Office (PMO) said in a statement.

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 quarter-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.