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Wednesday / February 28. 2024
HomeAgroPolicyActs & Schemes – CentrePM Modi releases Rs 16,000 Cr under PM-KISAN scheme

PM Modi releases Rs 16,000 Cr under PM-KISAN scheme

The PM also inaugurated the Agri Startup Conclave and Exhibition

Prime Minister Narendra Modi inaugurates a two-day event titled “PM Kisan Samman Sammelan 2022 at Mela Ground, IARI, Pusa, New Delhi. On this occasion, Modi released Rs 16,000 crore under the PM-KISAN flagship scheme as 12th instalment through Direct Benefit Transfer. He also inaugurated the Agri Startup Conclave and Exhibition. 

Under the scheme, eligible farmer families are provided a benefit of Rs 6000 per year in three equal instalments of Rs 2000 each, every four months. The benefit is then transferred directly to the bank accounts of eligible beneficiaries through Direct Benefit Transfer mode, using modern digital technology.

Along with that, he also inaugurated 600 PM Kisan Samruddhi Kendras (PM-KSK) of Union Ministry of Chemicals & Fertilisers and will launch Bharat Urea Bags, India’s biggest move in fertilisers-One Nation One Fertiliser Scheme for Farmers.

On this occasion, Modi addressed crores of farmers, Agri Start-ups, Researchers, Policymakers, Bankers and other stakeholders. The event brought farmers and Agri startups on same platform. Over one crore farmers virtually joined this event.

Since the launch of this path breaking scheme, the scheme has crossed many milestones and has received accolades from several quarters for its scale, transparency and seamless transfer of funds directly to the accounts of eligible farmers.

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