PM Kisan: The wait is over, Rs 16,800 crore will be deposited in the accounts of 8 crore farmers
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According to the Ministry of Agriculture and Farmers Welfare, the event is estimated to have an impressive attendance of over one lakh people, including beneficiaries of PM-KISAN and Jal Jeevan Mission, while crores of other farmers will join online. Farmer brothers and sisters or others who want to watch this program live can register for the program by accessing the following URL.
The 11th and 12th installments under the scheme were given in May and October last year. With the release of the 13th installment, the government continues its commitment to support India’s farmers and help them achieve their livelihood goals. The PM-KISAN scheme has already provided significant benefits to farmers across the country, and this latest installment will further enhance their income and contribute to the growth of the agriculture sector.
Prime Minister Modi launched the PM-Kisan scheme in the year 2019. The objective of this scheme is to provide income support to all landholding farmer families across the country with cultivable land subject to prescribed criteria. Under the scheme, an amount of Rs 6,000 per year is released in three installments of Rs 2,000 each directly into the bank accounts of the beneficiaries. All landholding farmer families in the country are eligible under PM Kisan subject to certain exclusion criteria.
So far, funds worth over Rs 2.25 lakh crore have been disbursed to over 11 crore farmer families, mainly small and marginal. Notably, Rs 1.75 lakh crore was disbursed in several installments to help these needy farmers during the Covid lockdown. The scheme has also benefitted over three crore women beneficiaries, who have collectively received over Rs 53,600 crore.
Pahal’s funding has accelerated rural economic development, reduced credit crunch for farmers and boosted agricultural investment. It has also increased the risk-taking capacity of farmers, leading to more productive investments.
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