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Prime Minister Modi to deliver the 11th instalment of PM-KISAN benefits

Prime Minister Narendra Modi will distribute the 11th instalment of cash benefits totaling Rs 21,000 crore to more than 10 million farmers in Shimla, Himachal Pradesh, under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) initiative. Modi will meet with beneficiaries of 16 schemes and programmes conducted by nine central ministries via video conferencing as part of a nationwide event called Garib Kalyan Sammelan, according to a statement from the agriculture ministry.

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KEY POINTS:

  • The national event is part of the year-long Azadi ka Amrit Mahotsav celebrations.
  • The 11th tranche of the Kisan Samman Nidhi scheme, worth Rs 21,000 crores, will be released by the PM.
  • Agriculture Minister Narendra Singh Tomar will participate in the programme from Delhi’s Pusa complex.
  • The PM-KISAN programme provides qualifying farmer families with a financial incentive of Rs 6,000 per year, payable in three equal instalments of Rs 2,000.
  • The funds are deposited immediately to the beneficiaries’ bank accounts.
  • The PM has distributed the tenth instalment of over Rs 20,000 crore to over 10 crore farmer families.
  • According to the ministry, this will be the country’s largest single programme, with nationwide deliberations in all districts during which the Prime Minister will communicate with recipients about how various central programmes impacted their lives.
  • PM-KISAN, Pradhan Mantri Ujjwala Yojana, Poshan Abhiyan, Pradhan Mantri Matri Vandana Yojana, Swachh Bharat Mission (Rural and Urban), Jal Jeevan Mission, and AMRUT are among the central programmes.

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), or Prime Minister’s Farmer’s Tribute Fund is a plan by the Indian government under which all farmers will get a minimum income support of up to 6,000 rupees per year (equivalent to 6,300 or US$83 in 2020). Piyush Goyal announced the plan at India’s 2019 Interim Union Budget on February 1, 2019. The scheme, which began in December 2018, costs 75,000 crore each year. Each qualifying farmer will get $6,000 per year in three instalments, sent straight into their bank accounts.

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