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PM Modi releases over Rs 18,000 Cr to more than nine crore farmers under PM-KISAN scheme

Under the Pradhan Mantri Kisan Samman Nidhi, a financial benefit of Rs 6,000 per year is provided to small and marginal farmers, payable in three equal instalments of Rs 2,000 each.

PM Modi releases over Rs 18,000 Cr to more than nine crore farmers under PM-KISAN scheme

Saturday December 26, 2020 , 2 min Read

Prime Minister Narendra Modi on Friday released over Rs 18,000 crore to more than nine crore farmer families under the 'Pradhan Mantri Kisan Samman Nidhi' (PM-KISAN).


With the push of a button, Modi enabled the transfer of money at an event which the ruling BJP has made into a mega exercise to reach out to farmers by having its leaders interact with the farming community at more than 19,000 venues across the country and also listen to the prime minister's address.


Modi released the instalment of Rs 2,000 to every farmer on the birth anniversary of the former prime minister and BJP stalwart Atal Bihari Vajpayee, which is every year celebrated as "Good Governance Day" by the ruling party.


Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to small and marginal farmers, payable in three equal instalments of Rs 2,000 each. The fund is transferred directly to the bank accounts of the beneficiaries.


The programme comes amid protests by various farmer unions against three farm laws recently enacted by the Modi government. The government has insisted that these reforms are in the interest of farmers.

After releasing the financial benefits via video conferencing, Modi held interaction with farmers from Arunachal Pradesh, Maharashtra, Uttar Pradesh, Madhya Pradesh, Tamil Nadu, Odisha, and Haryana.


In their interaction with the PM, the seven farmers shared their success stories and also highlighted the benefits of recently enacted agri-laws. They also shared their good experience of working with private players under contract farming agreements.


Naveen Thakur, a farmer from Odisha's poverty-stricken Nuapada district, also got the opportunity to interact with the Prime Minister and thanked him for the farmer welfare schemes amidst the nationwide agitation demanding the withdrawal of the three farm laws, and narrated how he benefitted from PM-Kisan Yojna.


He said the scheme helped him buy fertiliser and necessary things for farming.


(Disclaimer: Additional background information has been added to this PTI copy for context)


Edited by Megha Reddy