Prime Minister Narendra Modi will release the next instalment of financial assistance under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme via video conferencing on Monday at 12:30 p.m. On the occasion, the Prime Minister will address the nation and interact with the recipients. Narendra Singh Tomar, the Union Agriculture Minister, will also be present.
“This will enable the transfer of an amount of more than ₹19,500 crore (195 million) to more than 9.75 crore (97.5 million) beneficiary farmer families. Prime Minister will interact with farmer beneficiaries during the event and will also address the nation,” an official release from the Prime Minister’s Office (PMO) stated.
The PM-KISAN scheme provides eligible beneficiary farmer families with a monetary benefit of 6,000 per year, payable in three equal four-monthly instalments of 2,000 each, according to the statement.
The funds are transferred directly to the beneficiaries’ bank accounts. So far, over 1.388 lakh crores in Samman Rashi has been transferred to farmer families under this scheme, according to the statement.
PM Modi used video conferencing to deliver the eighth instalment of financial benefits under the Pradhan Mantri Kisan Samman Nidhi scheme on May 14. PM-most KISAN’s recent instalment was distributed to 90 million farm households.
