prime minister Narendra Modi on friday released the eighth installment of over Rs 20,000 crore to more than 9.5 crore farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on friday via video-conferencing. Agriculture minister narendra singh tomar, who was present on the occasion, said West bengal has joined the scheme with more than 7 lakh farmers of the state getting the benefit today.
This annual financial support is given to farmers having combined land holding/ownership of up to 2 hectares.
Under the PM-KISAN scheme, the government is providing Rs 6,000 in three equal installments to 14 crore farmers annually. Under the scheme, the first installment of Rs 2000 comes from april 1 to July 31, the second installment comes between august 1 and november 30 and the third installment from december 1 to march 31. The amount is directly transferred into the bank accounts of the beneficiaries through direct benefit transfer (DBT) mode. An amount of over Rs 1.15 lakh crore has been transferred to farmer beneficiaries so far under the PM-KISAN scheme, launched on february 24, 2019. PM modi will also interact with five farmers from states like Uttar Pradesh, maharashtra, andhra pradesh, meghalaya, kashmir - SRINAGAR/JAMMU' target='_blank' title='jammu and kashmir-Latest Updates, Photos, Videos are a click away, CLICK NOW'>jammu and kashmir and andaman and Nicobar on the occasion.