Prime Minister Narendra Modi released the eighth installment of over Rs 20,000 crore to more than 9.5 crore farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme via video-conferencing.
Under the PM-KISAN scheme, the government is providing Rs 6,000 in three equal installments to 14 crore farmers annually. The amount is directly transferred into the bank accounts of the beneficiaries through direct benefit transfer (DBT) mode.
An amount of over Rs 1.15 lakh crore has been transferred to farmer beneficiaries so far under the PM-KISAN scheme, launched on February 24, 2019.
PM Modi also interacted with five farmers from states like Uttar Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jammu and Kashmir and Andaman and Nicobar on the occasion.