Prime Minister Narendra Modi on Saturday launched Rs 20,900 crore because the tenth installment of economic help underneath the PM-Kisan scheme to over 10.09 crore farmers throughout India.
Modi launched the quantity to the beneficiaries in a program organized by way of video convention.
Under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme, a monetary advantage of Rs 6,000 per 12 months is offered to eligible farmer households, payable in three equal installments of Rs 2,000 every. The cash is immediately transferred to the checking account of the beneficiaries.
During the digital occasion, the Prime Minister additionally launched fairness grant of over Rs 14 crore to round 351 Farmer Producer Organizations (FPOs), benefiting 1.24 lakh farmers.
The digital occasion was attended by 9 chief ministers, a number of ministers from completely different states and representatives of agricultural establishments.
On this event, Union Agriculture Minister Narendra Singh Tomar mentioned that on the primary day of the brand new 12 months 2022, about 20,900 crore rupees are being transferred to about 10.09 crore beneficiaries. He additionally mentioned that the PM-Kisan program was launched as a part of the federal government’s effort to double the earnings of farmers.
The ninth installment of PM-KISAN was launched in August 2021.
With the newest installment launched, the full quantity offered underneath the scheme has gone as much as round Rs 1.8 lakh crore. PM-KISAN scheme was introduced within the funds of February 2019. The first installment was for the interval from December 2018 to March 2019.
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With inputs from TheIndianEXPRESS
