Home >News >India >PM-Kisan scheme: PM Modi releases 8th instalment of 19,000 crore

PM-Kisan scheme 8th instalment: Prime Minister Narendra Modi today released the eighth instalment of minimum financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. Under this instalment, more than 19,000 crore was disbursed to more than 9.5 crore farmer families. This was the first instalment of PM Kisan Samman Nidhi for the financial year 2021-22.

After releasing the fund, Prime Minister Modi interacted with farmer-beneficiaries and Union Agriculture Minister Narendra Singh Tomar was also present on the occasion.

PM-Kisan is a central sector scheme with 100 per cent funding from the Government of India. The scheme was launched in December 2018. Under the scheme, income support of 6,000 per year in three equal installments of 2000 is provided to small and marginal farmers having a combined land holding of up to two hectares.

The state governments and Union Territory administration identify the farmers who are eligible for the scheme and share the list with the Centre. The central government then directly transfers the fund to the bank accounts of the beneficiaries. So far, over 1.15 lakh crores has been transferred to farmers under the scheme.

The 7th instalment was disbursed in December 2020. On December 25, the prime minister released the 7th instalment of PM-Kisan. After transferring the fund, the prime minister had interacted with farmers from Arunachal Pradesh, Odisha, Haryana, Tamil Nadu, Uttar Pradesh, Maharashtra, and Madhya Pradesh. In the 7th instalment, 18000 crore had been deposited in the bank account of 9 crore farmer families.

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