PM Modi to release PM-KISAN next installment of Rs 18,000 cr on Dec 25

at 4:44 pm
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New Delhi (NVI): Prime Minister Narendra Modi will release the next instalment of more than Rs 18,000 crore under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) on December 25.

This is going to be the last instalment of financial benefits of the current fiscal year for the quarter between December and March.

“With the push of a button, the Prime Minister will enable the transfer of more than Rs 18,000 crores to more than 9 crores beneficiary farmer families at 12 pm via video conferencing,” the Prime Minister’s office said in a statement.

PM Modi will also have a conversation with farmers from six different states during the event. “The farmers will share their experiences with PM-KISAN and also on various other initiatives taken by the government for the welfare of farmers.” the PMO noted.

During the event, Union Agriculture Minister Narendra Singh Tomar will also be present.

Under this scheme, a financial benefit of Rs 6,000 per year is provided to the eligible beneficiary farmers, payable in three equal 4-monthly installments of Rs 2000 each, the statement said.

However, the fund is transferred directly to the bank accounts of the beneficiaries, it added.