PM-KISAN: PM Modi releases 8th instalment worth over Rs 20,000 cr to 9.5 cr farmers

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New Delhi: Prime Minister Narendra Modi on Friday launched the eighth instalment of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday through video-conferencing.

PM Modi launched over Rs 20,000 crore to greater than 9.5 crore farmer beneficiaries beneath PM-KISAN scheme.

PM Modi can even work together with 5 farmers from states like Uttar Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jammu and Kashmir and Andaman and Nicobar on the event.

The final or seventh instalment of PM Kisan was paid on Christmas, December 25, which can also be the start anniversary of former PM Atal Bihari Vajpayee.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme was launched by PM Modi in 2019. The Scheme goals to present revenue assist to all landholder farmer households throughout the nation with cultivable land, topic to sure exclusions.

Under the Scheme, an quantity of Rs 6000 per yr is launched in three 4-monthly instalments of Rs 2000 every instantly into the financial institution accounts of the beneficiaries. In a monetary yr, PM Kisan installment is credited thrice by means of –Period 1 from April-July; Period 2 from August to November; and Period 3 from December to March.

PM-KISAN Scheme for under Small and Marginal Farmers’ households?

ln the start when the PM-KISAN Scheme was launched (February, 2019), its advantages have been admissible solely to Small & marginal Farmers’ households, with mixed landholding upto 2 hectare. The Scheme was in a while revised in June 2019 and prolonged to all farmer households no matter the scale of their landholdings

The Central Government had notified a choice to lengthen the good thing about Rs 6,000 per yr beneath the Pradhan Mantri Kisan Samman Nidhi scheme to all 14.5 crore farmers within the nation, no matter the scale of their landholding.

Who are excluded from the PM-KISAN Scheme?

Those excluded from the PM-KISAN embrace institutional land holders, farmer households holding constitutional posts, serving or retired officers and staff of State or Central authorities in addition to Public Sector Undetakings and Government Autonomous our bodies. Professionals like docs, engineers and legal professionals in addition to retired pensioners with a month-to-month pension of over Rs 10,000 and people who paid revenue tax within the final evaluation yr are additionally not eligible for the advantages.

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