Prime Minister Narendra Modi will release the 10th Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) financial benefit installment on Saturday at 12 p.m.
According to an official statement from the Prime Minister’s office, this is in line with the government’s continued commitment and determination to empower grassroots farmers.
This will allow the transfer of an amount of more than 20,000 crore rupees to more than 10 crore of beneficiary farm families, the PMO said.
Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is granted to eligible beneficiary farming families, payable in three equal quarterly 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 1.6 lakh crore has been transferred to farming families so far.
During the program, the Prime Minister will also provide a capital grant of over Rs 14 crore to around 351 Farm Producer Organizations (OPAs), which will benefit more than 1.24 lakh of farmers.
The Prime Minister will interact with the FPOs during the event and will also address the nation.
Union Agriculture Minister Narendra Singh Tomar will also be present on the occasion.
(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)