PM Modi  Sends Rs 17,100 Crore Into Bank Accounts Of Over 8 Crore Farmers

New Delhi:

Prime Minister Narendra Modi right this moment transferred Rs 17,100 crores to the financial institution accounts of over 8.5 crore farmers as a part of the PM-KISAN scheme, geared toward offering direct help of ₹ 6,000 yearly to them.

The quantity was a part of the sixth installment of the scheme launched in 2018. The federal government claims to have supplied a direct money advantage of over Rs. 75,000 Crore to greater than 9.9 Crore farmers as a part of the scheme.

The announcement was made in the course of the launch of a financing facility for agri-entrepreneurs, startups, agri-tech gamers and farmer teams for post-harvest administration and nurturing farm property.

The federal government has put aside Rs 1 lakh crore for the brand new Agriculture Infrastructure Fund to catalyze the creation of post-harvest administration infrastructure and group farming property equivalent to chilly storage, assortment centres, processing models, and so on. These property will allow farmers to get larger worth for his or her produce, as they may be capable to retailer and promote at increased costs, scale back wastage, and improve processing and worth addition, it mentioned.

Beneath the PM-KISAN scheme, every farmer receives as much as ₹ 6,000 per 12 months as minimal earnings help and the scheme is completely funded by the central authorities.

Launched in December, 2018, the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) scheme has supplied a direct money advantage of over Rs. 75,000 Crore to greater than 9.9 Crore farmers, as per the federal government.

The funds are being instantly transferred into the Aadhaar authenticated beneficiaries’ checking account to stop leakage and improve comfort for farmers.

The scheme has additionally been instrumental in supporting farmers in the course of the Covid-19 pandemic, by way of the discharge of almost Rs 22,000 Crore to assist the farmers in the course of the lockdown interval, the federal government mentioned.

Over 9 crore farmers have registered themselves underneath the scheme between December 2018 and November 2019, it mentioned. Of those, 7.62 crore or 84 per cent of farmers have acquired the primary installment.

The cash by way of the second installment was given to just about 6.5 crore farmers and the quantity underneath the third installment was given to three.85 crore beneficiaries, based on the info acquired in response to an RTI question.

The info of beneficiaries so uploaded by them undergoes a multi-level verification, together with by banks, and solely then the quantity is launched to the beneficiary, it mentioned, including that web site might be accessed to get extra particulars on the operational pointers of the scheme.


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