PM Modi transfers Rs 19,000 crores to 10 crore farmers under PM-KISAN

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New Delhi: Prime Minister Narendra Modi on Friday directly transferred around Rs 19,000 crores to the bank accounts of 10 crore farmers across the country under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
While speaking at the occasion of transferring of the eighth installment under the PM-KISAN, the Prime Minister said that farmers from West Bengal will benefit from the scheme for the first time. "On this auspicious day of Akshaya Tritya, around Rs 19,000 crores have directly been transferred to the banks of farmers. It would benefit close to 10 crore farmers. For the first time, farmers from West Bengal will be benefitted from this scheme," PM Modi said.
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 Rs. 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 Rs. 1.15 lakh crores has been transferred to farmer families so far.
"Prime Minister Narendra Modi ji, on 14th May at 11 AM, under PM-KISAN yojana. will dedicate 8th installment of the financial benefit to 9.5 crore farmers. Rs. 19,000 crores will be transferred through DBT", informed Union Minister of Agriculture, Narendra Singh Tomar in a tweet yesterday.