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Farmers to be given Rs 2,000 by first week of April, 8.69 crore to benefit

To provide relief to farmers affected due to the lockdown, the Centre on Thursday said it will transfer in the first week of April the first installment of Rs 2,000 to each of 8.69 crore beneficiaries under the PM-KISAN scheme.

PTI PTI
New Delhi Updated on: March 26, 2020 16:09 IST
Farmers to be given Rs 2,000 by first week of April, 8.69 crore to benefit
Image Source : PTI

Farmers to be given Rs 2,000 by first week of April, 8.69 crore to benefit

To provide relief to farmers affected due to the lockdown, the Centre on Thursday said it will transfer in the first week of April the first installment of Rs 2,000 to each of 8.69 crore beneficiaries under the PM-KISAN scheme.

Announcing the relief measures within 36 hours of nationwide lockdown, Finance Minister Nirmala Sithraman said: "Farmers receive Rs 6,000 annual from PM-KISAN.

We will now be giving the first installment of that as a front-loaded matter, so that at the beginning of the year they will get Rs 2,000".

This will benefit immediately 8.69 crore farmers who feed 1.3 billion population, she added.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, the Centre transfers an amount of Rs 6,000 per year, in three equal instalments, directly into the bank accounts of the farmers, subject to certain exclusion criteria relating to higher income status.

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