As part of the eighth instalment of financial benefits under the PM- Kisan scheme, nearly Rs 19,000 crore has been disbursed to the bank accounts of over 9.5 crore beneficiary farmer families.

Prime Minister Narendra Modi on Friday distributed the eighth instalment of financial assistance to eligible farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. The prime minister also spoke with farmers from various states via video conference.

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PM Modi stated that nearly Rs 19,000 crore has been deposited into the bank accounts of over 9.5 crore beneficiary farmer families across the country. Farmers in West Bengal have received the benefit for the first time under the scheme, he added.

According to the prime minister, approximately 11 crore farmer families have received Rs 1.35 lakh crore under the scheme to date.

Today’s financial benefit disbursement will be the first instalment of PM-Kisan for the current fiscal year. The program’s seventh instalment was launched on December 25, 2020.

PM-Kisan Program
A financial benefit of Rs 6,000 per year is provided to eligible beneficiary farmer families under the scheme. This sum is payable in three equal four-month instalments of Rs 2,000 each.

Union Minister Piyush Goyal announced the scheme during the 2019 interim Union Budget. It has cost the government approximately Rs 75,000 crore per year since its implementation in December 2019.

PM Modi also mentioned the ongoing Covid-19 second wave during his speech. He warned farmers and village residents about Covid-19, which is rapidly spreading in rural areas at the moment. PM Modi advised people to use proper masks and to get the vaccine as soon as possible.

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