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PM Modi releases 8th instalment of ₹19,000 crore under PM-Kisan scheme

By Priyanka Verma 
Updated Date

Prime Minister Narendra Modi today released the eighth instalment of minimum financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme via video conferencing.

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Under this instalment, more than ₹19,000 crore was disbursed to more than 9.5 crore farmer families. This is the highest amount paid by the government under the scheme in a single instalment.

After releasing the fund, Prime Minister Modi interacted with farmer-beneficiaries and Union Agriculture Minister Narendra Singh Tomar was also present on the occasion.

“As part of this scheme, the government is working towards encouraging farmers to take up alternative forms of farming such as organic farming. These crop require less investment. They are good for health and for the soil too. It also sells for a higher amount,” he said.

“All farmers, especially from Punjab, are satisfied with the scheme. I have seen many videos of farmers expressing their satisfaction on social media,” PM Modi said.

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The PM also interacted with the beneficiaries of the scheme after releasing the amount. Talking to a farmer from Andhra Pradesh, who turned a piece of barren land into suitable land for organic farming, the PM said, “You have set an example for others. Your self confidence speaks for your ability and experience.” The farmer from the southern state told PM Modi that she grows three crops on her land throughout the year.

Talking to a farmer from Meghalaya who has set up a business model for organic farming, PM Modi said as many as 10,000 Farmer Producer Organisation (FPO) were being set up in the country and small farmers were also getting associated with them. “Your confidence in what you do makes your model a sought-after one,” the PM told the farmer.

Union agriculture minister Narendra Singh Tomar was also present at the event. “West bengal has joined the scheme with more than 7 lakh farmers of the state getting the benefit today,” he said.

The scheme, launched in 2019, was a National Democratic Alliance (NDA) flagship project that aimed at providing financial support to the farmers of the country.

Under the scheme, ₹6000 is transferred to the beneficiaries’ bank accounts per year. This amount is paid in quarterly installments of ₹2000 each. The scheme covers all but affluent farmers. Until now, ₹1.15 lakh crore has been transferred to farmer families under the scheme, a government release issued on Thursday claimed.

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The 7th instalment was disbursed in December 2020. On December 25, the prime minister released the 7th instalment of PM-Kisan. After transferring the fund, the prime minister had interacted with farmers from Arunachal Pradesh, Odisha, Haryana, Tamil Nadu, Uttar Pradesh, Maharashtra, and Madhya Pradesh. In the 7th instalment, ₹18000 crore had been deposited in the bank account of 9 crore farmer families.

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