PM Modi Releases Over ₹ 20,000 Crore To 100 Million Farmers Under PM-Kisan Scheme

Prime Minister Narendra Modi today released over ₹ 20,900 crore to more than 10.09 crore (100 million) farmers across India as 10th installment of financial aid under the PM-KISAN scheme.

PM Modi released the amount to beneficiaries at an event held through video conference.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of ₹ 6,000 per year is provided to the eligible farmer families, payable in three equal installments of ₹ 2,000. The money is transferred directly to the bank account of the beneficiaries.

During the virtual event, the Prime Minister also released an equity grant of more than ₹ 14 crore to about 351 Farmer Producer Organisations (FPOs), benefiting 1.24 lakh farmers.

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

On the occasion, Union Agriculture Minister Narendra Singh Tomar said on the first day of the New Year 2022, around ₹ 20,900 crore is being transferred to about 10.09 crore beneficiaries. He also said the PM-KISAN programme was launched as part of government’s effort to help double income of farmers.

The 9th installment of PM-KISAN was released by in August 2021.

With the released latest tranche, the total amount provided under the scheme has touched about ₹ 1.8 lakh crore. PM-KISAN scheme was announced in February 2019 Budget. The first installment was for the period December 2018 to March 2019.