New Year 2022: PM Modi To Release 10th Instalment Of PM-KISAN Fund Today

PM Modi will transfer an amount of more than Rs 20,000 crore to more than 10 crore beneficiary farmer families.

Prime Minister Narendra Modi | PTI File Photo

New Delhi: On the occasion of New year 2022, Prime Minister Narendra Modi will release the 10th installment of financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Saturday.

According to an official statement by the PMO, PM will release the amount in a virtual event that will begin at 12:30 pm today. 

As per the official press release, this step 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 Rs 20,000 crore to more than 10 crore beneficiary farmer families, said PMO.

Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible beneficiary farmer families, payable in three equal four-monthly installments of Rs 2,000 each. The fund is transferred directly to the bank accounts of the beneficiaries. 

In this scheme, Samman Rashi of over Rs 1.6 lakh crore has been transferred to farmer families so far.

During the programme, the prime minister will also release an equity grant of more than Rs 14 crores to about 351 Farmer Producer Organizations (FPOs), which will benefit more than 1.24 lakh farmers.

The prime minister will interact with FPOs during the event and will also address the nation.

Union Agriculture Minister Narendra Singh Tomar will also be present on the occasion.

(with inputs from agencies)