PM-KISAN Scheme: Modi To Transfer Rs 20,000 Crore To Over 10 Crore Beneficiaries On January 1

Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible farmer families.

Prime Minister Narendra Modi will release the tenth installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme (PTI)

New Delhi: In a new year gift to farmers, Prime Minister Narendra Modi will release the tenth installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on January 1, the PMO said in a statement. 

"In line with the continued commitment and resolve to empower grassroot level farmers, PM Narendra Modi will release the 10th instalment of financial benefit under PM-KISAN scheme on January 1, 2022, at 12:30 PM via video conferencing," the PMO said.

"This will enable the transfer of an amount of more than Rs. 20,000 crore to more than 10 crore beneficiary farmer families," the statement said.

In line with the continued commitment and resolve to empower grassroot level farmers, PM @narendramodi will release the 10th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on 1st January, 2022 at 12:30 PM via video conferencing. pic.twitter.com/K2Km8MvnUT

— Prasar Bharati News Services पी.बी.एन.एस. (@PBNS_India) December 29, 2021

Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible farmer families, payable in three equal installments of Rs 2,000.

The fund is transferred directly to the bank accounts of the beneficiaries. The scheme was announced in February 2019 in the Budget. 

The government has so far transferred nine installments amounting around Rs 1.57 lakh crore to farmer families.

At the programme, PM Modi will also release equity grant of more than Rs 14 crore to about 351 Farmer Producer Organizations (FPOs), which will benefit more than 1.24 lakh farmers. PM Modi will also interact with FPOs during the event.