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PM-KISAN 8th installment: PM Modi releases Rs 19,000 crore to more than 9.5 crore farmers

Under the PM-KISAN Scheme, the Modi government provides a financial assistance of Rs 6,000 per year to farmers. The amount is payable in 3 equal installments of Rs 2,000 each.

India TV News Desk India TV News Desk
New Delhi Updated on: May 14, 2021 16:21 IST
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Image Source : INDIA TV (FILE)

PM-KISAN 8th installment: PM Modi releases Rs 19,000 crore to more than 9.5 crore farmers

Prime Minister Narendra Modi on Friday released the eighth installment of over Rs 20,000 crore to more than 9.5 crore farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday via video-conferencing. Agriculture Minister Narendra Singh Tomar, who was present on the occasion, said West bengal has joined the scheme with more than 7 lakh farmers of the state getting the benefit today.

PM Modi is currently interacting with five farmers from states like Uttar Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jammu and Kashmir and Andaman and Nicobar.

Under the PM-KISAN Scheme, the Modi government provides a financial assistance of Rs 6,000 per year to farmers. The amount is payable in 3 equal installments of Rs 2,000 each. The first installment is deposited between December and March, the second between April and July, and the third between August and November.

The amount is directly transferred into the bank accounts of the beneficiaries through the direct benefit transfer (DBT) mode. Under the scheme, an amount of over Rs 1.15 lakh crore has been transferred to farmer families so far.

The income support is being provided to small and marginal farmer families having combined land holding or ownership of up to 2 hectares. The state governments and UT administrations identify the farmer families eligible for the cash support.

The last installment was released on December 25 last year. The government had transferred about Rs 18,000 crore to some 9 crore farmers.

READ MORE: Krishak Bandhu scheme better than PM-Kisan: Mamata Banerjee

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