New Delhi: Prime Minister Narendra Modi on Sunday announced the release of the 6th instalment of PM-Kisan Samman Nidhi that was directly transferred to bank accounts of 8.5 crore farmers with a single click.
A total of ₹17,000 was transferred.
Each farmer will get ₹6,000 in three equal instalments via direct benefit transfer (DBT) mode.
“No middlemen or commission, it went straight to farmers. I am satisfied because the objective of the scheme is being fulfilled,” Prime Minister Narendra Modi said.
Over ₹75,000 crore has been transferred to more than 9.9 crore farmers since the launch of the scheme in December.
“This has enabled them to fulfil their agricultural requirements and support their families. The rollout and implementation of the PM-KISAN scheme has happened at an unparalleled pace, with funds being directly transferred into the Aadhaar authenticated beneficiaries’ bank account to prevent leakage and increase convenience for farmers. 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,” the government said.
PM Modi also announced a financing facility of Agriculture Infrastructure Fund. This will help agri-entrepreneurs, startups, agri-tech players and farmer groups for post-harvest management and nurturing farm assets such as cold storage, collection centres, processing units and more.
Around ₹1 lakh crore is being sanctioned under this scheme, and it will help farmers get greater value for their produce by reducing waste and increasing processing, the government said.
