PM-KISAN 8th installment: PM Modi to release Rs 19,000 crore to more than 9.5 crore farmers today
Prime Minister Narendra Modi will release the eighth installment of the monetary advantages beneath the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday by way of video-conferencing. Over Rs 19,000 crore to more than 9.5 crore beneficiary farmer households might be transferred, the Prime Minister’s Office (PMO) mentioned, including that Modi may also work together with the beneficiaries throughout the occasion. This would be the highest quantity to be paid by the federal government beneath the scheme in a day.
PM Modi may also work together with farmers after releasing the fund. Agriculture Minister Narendra Singh Tomar might be current on the event.
Farmers in West Bengal may also get the advantages of the scheme this time. This would be the first time when the jap state’s farmers will get monetary support.
Under the PM-KISAN Scheme, the Modi authorities supplies a monetary help of Rs 6,000 per yr to farmers. The quantity is payable in 3 equal installments of Rs 2,000 every. The first installment is deposited between December and March, the second between April and July, and the third between August and November.
The quantity is instantly transferred into the financial institution accounts of the beneficiaries via the direct profit switch (DBT) mode. Under the scheme, an quantity of over Rs 1.15 lakh crore has been transferred to farmer households up to now.
The revenue assist is being offered to small and marginal farmer households having mixed land holding or possession of up to 2 hectares. The state governments and UT administrations establish the farmer households eligible for the money assist.
The final installment was launched on December 25 final yr. The authorities had transferred about Rs 18,000 crore to some 9 crore farmers.
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