As a new year gift to farmers' families, the Modi Government is scheduled to transfer over Rs 20,000 crore to bank accounts of more than 10 crore farmers of the country under the flagship Pradhan
Mantri Kisan Samman Nidhi (PM-KISAN) scheme on January 1.
This would be the 10th installment to farmer's families since the start of the scheme and over Rs. 1.6 lakh crore has been transferred to farmer families so far. Besides, about Rs 14 crore will be given to over 351 farmer producers organisations (FPOs) as part of government equity which will benefit more than 1.24 lakh farmers.
In a statement, the Prime Minister’s Office said, “Prime Minister Narendra Modi will release the 10th installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on January 1, 2022 at 12:30 PM via video conferencing”. “An amount of more than Rs 20,000 crore will be transferred to more than 10 crore beneficiary farmer families. This is in line with the continued commitment and resolve to empower grassroot level farmers”, the statement said.
The last installment was released on August 9, 2021 for the August-November 2021 period.
Under this installment, the money was transferred to over 9.75 farmers families.
Under this, a financial benefit of Rs. 6000/- per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly installments of Rs.2000/- each. The fund is transferred directly to the bank accounts of the beneficiaries.