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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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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