The Prime Minister will launch the instalment by way of video conferencing at 11 a.m. “The instalment will allow the switch of greater than Rs 19,000 crore to greater than 9.5 crore beneficiary farmer households,” mentioned a press release issued from the Prime Minister’s Workplace. The Prime Minister will even work together with farmer beneficiaries through the occasion. The Union Agriculture Minister will even be current on the event.
Below the PM-KISAN scheme, a monetary advantage of Rs 6,000 per 12 months is offered to the eligible beneficiary farmer households, payable in three equal 4-monthly instalments of Rs 2,000 every.
The fund is transferred on to the financial institution accounts of the beneficiaries. On this scheme, Samman Rashi of over Rs 1.15 lakh crore has been transferred to farmers’ households to date.