(BS)
Prime Minister Narendra Modi, during his visit to Varanasi on Tuesday will release the 17th installment of the PM-KISAN scheme, in which more than 92.6 million farmers will receive the benefits amounting to over Rs 20,000 crore.
The Prime Minister will also distribute the certificates to more than 30,000 self-help groups trained as Krishi Sakhis to work as para extension workers. The event is being organised by the Union Ministry of Agriculture and Farmers Welfare in coordination with the Uttar Pradesh government. After assuming office for the third term, PM Modi authorised the release of the 17th installment of the PM Kisan Nidhi, which aims to benefit 93 million farmers and distribute around Rs 20,000 crore.
PM-KISAN scheme was launched in 2019, to supplement the financial needs of all land-holding farmers subject to certain exclusion criteria of higher income status. The financial benefit of Rs 6,000 per year in three equal installments, every four months, is transferred into the bank accounts of farmers’ families across the country through Direct Benefit Transfer (DBT) mode. Till now over Rs 3.04 trillion has been disbursed to more than 110 million farmers across the nation and with this release, the total amount transferred to the beneficiaries since the inception of the scheme will cross well over Rs 3.24 trillion.
