Prime Minister Narendra Modi will release the 10th installment of financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on January 1, 2022, via video conferencing, the Prime Minister’s Office (PMO) informed on Wednesday.
According to the PMO release, this will enable the transfer of an amount of more than Rs 20,000 crore to more than 10 crore beneficiary farmer families.
Under the PM-KISAN scheme, 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. So far, an amount of ₹1.6 lakh crore has been transferred under the scheme, according to the PMO.
During the program, PM Modi will also release an equity grant of more than ₹14 crore to about 351 farmer producer organizations (FPOs), which will benefit more than 1.24 lakh farmers, the PMO added.
The ninth installment of PM-KISAN scheme was released by the Prime Minister in August this year when he virtually transferred ₹19,500 crore to over 9.75 crore farmers.
(With inputs from agencies)