Speed Post News Network
News Delhi : In line with the continued commitment and resolve to empower grassroot level farmers, Prime Minister Narendra Modi will release the 10th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on January 1, 2022, at 12:30 pm via video conferencing. This will enable the transfer of an amount of more than Rs 20,000 crore to more than 10 crore beneficiary farmer families.
Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible beneficiary farmer families payable in three equal 4-monthly installments of Rs 2,000 each. The fund is transferred directly into the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over Rs. 1.6 lakh crore has been transferred to farmer families so far, according to a PIB release.
During the programme, The Prime Minister 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. Modi will interact with FPOs during the event and will also address the nation. Union Agriculture Minister will also be present on the occasion.