Prime Minister Narendra Modi on Monday, released the 12th instalment of financial benefits worth Rs.16,000 crore to over 11 crore, eligible farmers, under the flagship PM-KISAN scheme.
With this, the total amount transferred to the beneficiaries is expected to cross Rs. 2.16 lakh crore.
“PM Narendra Modi releases the 12th instalment of Rs.16,000 crores under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer,” tweeted PIB.
The Prime Minister said PM Kisan Samman Nidhi is an example of the small farmers of India who can benefit from the use of modern technology.
“Since the launch of this scheme, more than Rs.2 Lakh crore has been directly transferred to the bank accounts of farmers. For small farmers who are more than 85 per cent of the country’s farmers, this is a huge support,” he said.
Under the scheme, an amount of Rs. 6000 per year is released in four-month instalments of Rs. 2000 each directly into the bank accounts of beneficiaries. In a financial year, PM Kisan's instalment is credited thrice through- Period 1 from April to July, Period 2 from August to November; and Period 3 from December to March. Funds will be directly credited to the bank accounts of eligible beneficiaries through Direct Benefit Transfer.
The Pradhan Mantri Samman Nidhi (PM-KISAN) scheme was launched by 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.
Modi on Monday also inaugurated the two-day event, PM Kisan Samman Sammelan 2022, at the Indian Agricultural Research Institute in New Delhi, the Prime Minister’s Office said in a statement. Addressing the gathering, the Prime Minister said Kisan Sammelan is a means to make the lives of farmers easier, boost their capability and promote advanced agricultural techniques. According to an official release, more than 13,500 farmers from across the country, as well as approximately 1,500 agro entrepreneurs, attended the event.
Assam CM Himanta Biswa Sarma tweeted, “Privileged to attend webcast of the release of Rs 16000 cr of PM-KISAN 12th instalment into a/cs of farmers by Hon PM Shri @narendramodi Ji. Direct release of income support into accounts of Assam farmers through DBT has been a game changer in boosting their incomes and confidence”.
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