1 min read.Updated: 01 Jan 2022, 08:38 AM ISTLivemint
Under the PM-KISAN scheme, a financial benefit of ₹6,000 per year is provided to the eligible beneficiary farmer families
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Prime Minister Narendra Modi will release the 10th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Saturday at 12:30 PM via video conferencing.
As per an official statement from the Prime Minister's Office, this is in line with the government's continued commitment and resolve to empower grassroots level farmers.
This will enable the transfer of an amount of more than ₹20,000 crore to more than 10 crore beneficiary farmer families, said PMO
Under the PM-KISAN scheme, a financial benefit of ₹6,000 per year is provided to the eligible beneficiary farmer families, payable in three equal four-monthly instalments of ₹2,000 each. The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over ₹1.6 lakh crore has been transferred to farmer families so far.
During the programme, Prime Minister will also release an equity grant of more than ₹14 crores to about 351 Farmer Producer Organizations (FPOs), which will benefit more than 1.24 lakh farmers.
Prime Minister will interact with FPOs during the event and will also address the nation.