PM-Kisan scheme 8th instalment: Prime Minister Narendra Modi will today release the eighth instalment of minimum financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. He will release the fund at 11 am via video conferencing. Under this instalment, more than ₹19,000 crore will be disbursed to more than 9.5 crore farmer families. This will be the first instalment of PM Kisan Samman Nidhi for the financial year 2021-22.
After releasing the fund, Prime Minister Modi will interact with farmer-beneficiaries and Union Agriculture Minister Narendra Singh Tomar will also be present on the occasion.
PM-Kisan is a central sector scheme with 100 per cent funding from the Government of India. The scheme was launched in December 2018. Under the scheme, income support of ₹6,000 per year in three equal installments of ₹2000 is provided to small and marginal farmers having a combined land holding of up to two hectares.
The state governments and Union Territory administration identify the farmers who are eligible for the scheme and share the list with the Centre. The central government then directly transfers the fund to the bank accounts of the beneficiaries. So far, over ₹1.15 lakh crores has been transferred to farmers under the scheme.
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