• PM Modi’s Rs 20,000 crore gift for 100 million farmers of India: PM-KISAN scheme


    Digital Desk: Wishing the nation on the New Year, Prime Minister Narendra Modi, ushered in a new beginning by announcing a ‘special gift’ for the 100 million farmers of India. PM Modi today released over Rs 20,000 crore to more than 10.09 crore farmers across India as 10th installment of financial aid under PM-KISAN scheme.

    The announcement was made by PM Modi via video conferencing.

    The Pradhan Mantri Kisan Samman Nidhi scheme aims to benefit farmers with a financial assistance of Rs 6,000 per year to the eligible farmer families, payable in three equal installments of Rs 2,000. The money is transferred directly to the bank account of the beneficiaries.

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    PM Modi also announced an equity grant of more than Rs 14 crore to about 351 Farmer Producer Organisations (FPOs), benefitting 1.24 lakh farmers.

    The virtual event was attended by nine Chief Minister, several ministers from different states and representatives of agricultural institutions.

    The PM-KISAN programme was launched as part of government’s effort to help double income of farmers.

    Praising PM Modi for this major announcement on New Year, Union Agriculture Minister Narendra Singh Tomar said, “First day of the New Year 2022, around Rs 20,900 crore is being transferred to about 10.09 crore beneficiaries.”

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    Previously, the 9th installment of PM-KISAN was released in August 2021.

    The total amount provided under the scheme touched about Rs 1.8 lakh crore. The PM-KISAN was announced in February 2019 Budget. The first installment was provided for the period of December 2018 to March 2019.

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