New Delhi: Premier Narendra Modi on Friday released the eighth installment of 19,000 million financial benefits under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme to benefit more than 9.5 million farmers, including beneficiaries in West Bengal .
The prime minister announced the delivery through video conferencing, saying ‘farmers in West Bengal have benefited from the central scheme for the first time and that more farmers will receive the support as soon as the center receives it’.
The installment will enable the transfer of more than 19,000 million to more than 9.5 million beneficiary farming families.
During the event, Modi also spoke to beneficiaries of the farm and said that approximately 1.35 million lakhs were transferred to the bank accounts of farmers under the PM-KISAN, and 60,000 million in the period Covid-19 pandemic.
So far this year, the prime minister has said that “about 10 per cent more wheat was bought at the minimum aid price (MSP) compared to last year”.
“So far, about 58 000 wheat purchases have reached the farmers’ account directly”.
In terms of the PM-KISAN scheme, a financial benefit of Rs 6 000 per annum is provided to the eligible beneficiary farming families, payable in three equal four-month installments of Rs 2 000 each.
The fund is transferred directly to the bank accounts of the beneficiaries.
In this scheme, Samman Rashi of more than 1.15 lakh crore has so far been transferred to farmers’ families.
Source: Telangana Today