Under PM-KISAN, the PM transfers approximately Rs 19,500 crore to over 9.75 crore farmers

New Delhi: Prime Minister Narendra Modi virtually transferred Rs 19,500 crore to over 9.75 crore farmers under the government’s PM-KISAN scheme on Monday.
So far, the government has transferred nine instalments totaling approximately Rs 1.57 lakh crore to farmer families through the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.

Following the distribution of the funds, the Prime Minister met with beneficiaries of the scheme from across the country.

Under the PM-KISAN scheme, eligible beneficiary farmer families receive an annual financial benefit of Rs 6,000, payable in three equal four-monthly instalments of Rs 2,000 each.

The scheme was announced in the Budget in February 2019. The first instalment covered the period from December 2018 to March 2019. The funds are transferred directly to the beneficiaries’ bank accounts.

Addressing the virtual event in the presence of the Prime Minister, Agriculture Minister Narendra Singh Tomar stated that the central government had disbursed approximately Rs 1.37 lakh crore to approximately 11 crore beneficiaries under the scheme prior to the ninth instalment.

So far, the government has linked 2.28 crore PM-KISAN beneficiaries to the Kisan Credit Card scheme, through which they have been able to obtain loans totaling Rs 2.32 lakh crore.

He also stated that despite the challenges posed by COVID-19, farmers worked tirelessly to ensure bumper crop production last year. Better output is expected in the coming days as farmers continue to work hard.

Concerned about the scarcity of edible oils and pulses, Tomar stated that the government is focusing on increasing domestic production through various schemes in order to reduce the country’s reliance on imports. State ministers and officials in attendance included Union Ministers of State for Agriculture Kailash Choudhary and Shobha Karandlaje, as well as Agriculture Secretary Sanjay Aggarwal.

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