PM Modi transfers 9th instalment of Rs 19,500 crore under PM-KISAN scheme

An annual financial aid of ₹6,000 is given to the eligible beneficiary farmer’s families, which is payable in four monthly instalments at three equal divisions of ₹2,000 each, under the PM-KISAN scheme. PM-Kisan scheme was announced in February 2019 while presenting the Budget. The first instalment was decided for the slot of December 2018-March 2019.

On Monday, Prime Minister Narendra Modi transferred an amount of ₹19,500 crore to over 9.75 crore, Indian farmers, under the PM-KISAN scheme of the government. Adding this, the government so far made the ninth instalment transfer to the respective banks of each farmer and their family that overall accounted for an amount of ₹1.57 lakh crore, under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. Just after the release of the amount, the Prime Minister virtually interacted with beneficiaries across the country.

An annual financial aid of ₹6,000 is given to the eligible beneficiary farmer’s families, which is payable in four monthly instalments at three equal divisions of ₹2,000 each, under the PM-KISAN scheme. PM-Kisan scheme was announced in February 2019 while presenting the Budget. The first instalment was decided for the slot of December 2018-March 2019.

Agriculture Minister Narendra Singh Tomar said, “That before the ninth instalment, the central government had disbursed about ₹1.37 lakh crore to around 11 crore beneficiaries under the scheme.” He further added that “Farmers have worked hard despite challenges of COVID-19 and ensured bumper production last year. Better output is expected in the coming days due to continued farmers’ efforts.”

Under this scheme, the government has linked over 2.28 crore beneficiaries with the Kisan Credit Card scheme, which will facilitate a loan amount up to 2.32 lakh crore that can be availed by the farmers.

With due concern over the availability of edible oils and pulses, Tomar said that the government is working on developing domestic production to improve the import rate within the national boundaries. Union Minister of State for Agriculture, Kailash Choudhary and Shobha Karandlaje, along with Agriculture Secretary Sanjay Aggarwal were also a part of the virtual meet.

Source Mint
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