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PM-KISAN Scheme: Rs.17,000 Crore Sent Into Bank Accounts Of Over 8 Crore Farmers

As per the government, the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) scheme launched in December 2018, has provided a direct cash benefit of over ₹ 75,000 Crore to more than 9.9 Crore farmers.

New Delhi| ₹ 17,100 crores were sent by Prime Minister Narendra Modi to the bank accounts of over 8.5 crore farmers as part of the PM-KISAN scheme, aimed at providing direct support of ₹ 6,000 annually to them.

The amount was the sixth installment under the PM-Kisan Scheme started in 2018. Direct cash benefit of over ₹ 75,000 Crore was provided to more than 9.9 Crore farmers as part of the scheme, claims the government.

PM Modi, during the launch of a financing facility for farmers, said, “Rs 17,000 crores of PM-Kisan Samman Nidhi have been deposited into bank accounts of 8.5 crore farmers with a single click. No middlemen or commission, it went straight to farmers. I am satisfied because the objective of the scheme is being fulfilled.”

Earlier, fulfilling its poll promise, the Modi 2.0 government approved a proposal to extend the benefit of Rs 6,000 per year under the PM-KISAN scheme to all farmers in the country.

The decision was taken in the first Cabinet meeting of the new NDA government, which came back to power, winning over 350 seats. In its manifesto for 2019 general elections, the BJP had promised to extend the scheme to all farmers.

Each farmer receives up to ₹ 6,000 per year as minimum income support under the PM-KISAN scheme which is totally funded by the central government.

As per the government, the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) scheme launched in December 2018, has provided a direct cash benefit of over ₹ 75,000 Crore to more than 9.9 Crore farmers.

To prevent leakage and increase convenience for farmers, the funds are being directly transferred into the Aadhaar authenticated beneficiaries’ bank account.

The government said the scheme has also been instrumental in supporting farmers during the Covid-19 pandemic, through the release of nearly ₹ 22,000 Crore to aid the farmers during the lockdown period. It also said that over 9 crore farmers have registered themselves under the scheme between December 2018 and November 2019.

 

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