Today News Online Service
New Delhi, May 12
Prime Minister Narendra Modi will release the 8th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on May 14 at 11 am via video conferencing
This will enable the transfer of Rs 19,000 crores to over 9.5 crores beneficiary farmer families, said a statement issued from the Prime Minister’s Office.
The Prime Minister will also interact with farmer beneficiaries during the event. Union Agriculture Minister Narendra Singh Tomar will also be present on the occasion.
Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly instalments of Rs 2,000 each.
The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over Rs 1.15 lakh crore has been transferred to farmers’ families so far.