PM-KISAN 10th Installment: PM Modi Releases Rs 20,900 Crore to Over 10 Crore Farmers

Prime Minister Narendra Modi on Saturday released over Rs 20,900 crore to more than 10.09 crore farmers across India as 10th installment of financial aid under the PM-KISAN scheme. Modi released the amount to beneficiaries at an event attended by over nine chief ministers and was held through video conference.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of Rs 6,000 per year is provided to the eligible farmer families, payable in three equal installments of Rs 2,000. The money is transferred directly to the bank account of the beneficiaries. During the virtual event, the Prime Minister also released an equity grant of more than Rs 14 crore to about 351 Farmer Producer Organizations (FPOs), benefiting 1.24 lakh farmers.

The virtual event was attended by as many as nine chief ministers, several ministers from different states, and representatives of agricultural institutions. Union Agriculture Minister Narendra Singh Tomar said around Rs 20,900 crore is being transferred to about 10.09 crore beneficiaries on the first day of the New Year 2022. He also said the PM-KISAN programme was launched as part of government’s effort to help double income of farmers.