Modi releases 8th instalment under PM-KISAN  

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The Prime Minister will release the instalment through video conferencing at 11 a.m….Reports Asian Lite News

Prime Minister Narendra Modi will release the 8th instalment of financial benefits worth Rs 19,000 crore under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday to benefit more than 9.5 crore farmers.

The Prime Minister will release the instalment through video conferencing at 11 a.m.

“The instalment will enable the transfer of more than Rs 19,000 crore to more than 9.5 crore beneficiary farmer families,” said a statement issued from the Prime Minister’s Office.

The Prime Minister will also interact with farmer beneficiaries during the event. The Union Agriculture Minister will also be present on the occasion.

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 instalments 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 1.15 lakh crore has been transferred to farmers’ families so far.

Meanwhile, amid a grim scenario brought about by the Covid-19 pandemic, Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Thursday released Rs 3,928 crore which was directly credited into the bank accounts of 52.38 lakh farmers across the state.

This was the first tranche of the YSR Rythu Bharosa scheme in its third consecutive year, where each eligible farmer gets Rs 7,500.

The Chief Minister said that despite the Covid crisis, the state government hasn’t held back any welfare schemes, including Rythu Bharosa. The scheme was initiated to benefit the farmer fraternity across the state.

“So far, the state government has spent Rs 68,000 crore alone for farmers in the past 23 months, whereas for Rythu Bharosa alone, Rs 17,029 crore was spent. In all these 23 months, the government had directly credited Rs 89,000 crore into the accounts of the beneficiaries under various schemes without any discrimination or corruption, with full transparency and accuracy,” he said.

The Chief Minister said that Rs 2,000 crore will be credited into the accounts of 38 lakh farmers on May 25 under the YSR Free Crop Insurance scheme.

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