Prime Minister Narendra Modi will release the 8th installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) on Friday at 11 am via video conferencing.
“This will enable the transfer of more than ₹ 19,000 crores to more than 9.5 crores beneficiary farmer families”, informed a release by the Prime Minister’s Office.
Prime Minister will also interact with farmer-beneficiaries during the event. Union Agriculture Minister, Narendra Singh Tomar will also be present on the occasion.
Under the PM-KISAN scheme, a financial benefit of ₹ 6000/- per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly installments of Rs.2000/- each.
The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over ₹ 1.15 lakh crores has been transferred to farmer families so far.