Financial benefit of Rs. 6000 per year is provided to eligible beneficiary farmer families

Prime Minister Narendra Modi will release the next instalment of financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Monday, August, 2021 9.

This will enable the transfer of an amount of more than Rs. 19,500 crores to more than 9.75 crores beneficiary farmer families.

The Prime Minister will interact with farmer beneficiaries by video conferencing during the event and will also address the nation.

The 8th instalment of financial benefit of Rs 2,06,67,75,66,000 under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was released to over 9.5 crore or 95 million beneficiary farmers on May 14 this year.

Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible beneficiary farmer families. This is payable in three equal 4-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. 1.38 lakh crores has been transferred to farmer families so far.

The Union Agriculture Minister will also be present on the occasion.