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PM Modi virtually releases 10th PM-KISAN installment, Rs 20,000 crores transferred


PM Modi, on the first day of 2022, released the 10th PM-Kisan installment transferring Rs 20,000 crores to about 10 crores farmers. The installment by Prime Minister Narendra Modi was released through Video Conference.

Prime Minister Narendra Modi, today, on the occasion of New Year, released the 10th installment under the scheme Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). The installment was released by PM Modi through the mode of video conference and Rs 20,000 crores have been transferred to about 10 crores farmers who will receive the direct cash into their bank accounts. The PM was also accompanied by the Union Minister of Agriculture & Farmers Welfare, Narendra Singh Tomar. 

The PM-KISAN scheme is a central government-funded scheme 100% and it aims to provide financial support to poor and marginalized farmers across the nation. Prime Minister Narendra Modi had launched the PM Kisan scheme in February 2019. As per the data, around ₹1.6 lakh crore has been transferred to farmer families so far under this scheme. 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 four-monthly installments of Rs 2,000 each.

Taking it to Twitter, Prime Minister Narendra Modi wrote “The first day of the New Year, 2022 will be dedicated to the food donors of the country. Will be fortunate to release the 10th installment of PM-Kisan through video conferencing at 12:30 pm. Under this, more than 10 crore farmer families will be benefited from the transfer of an amount of 20 thousand crores” (English Translation of his Hindi Tweet).

During the virtual event, Pm Narendra Modi also released an equity grant of more than ₹ 14 crores to about 351 Farmer Producer Organisations (FPOs) that would benefit around 1.24 lakh farmers. Apart from PM and the Union Agriculture Minister, the event was attended by as many as nine Chief Ministers and several ministers from different states, and a plethora of representatives from different agricultural institutions.

Continue Reading on The India Saga.

By TIS Staffer
the authorBy TIS Staffer

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