Prime Minister Narendra Modi recently released the eighth instalment of Prime Minister Kisan Samman Nidhi. The Government of India transfers Rs 6,000 to the account of small and marginal farmers. These funds are transferred in three instalments. The first instalment of Rs 2,000 is made between April and June. The second Instalment is made between August and November. The third instalment is made between December and March.
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- The scheme was begun in 2018.
- The scheme provides financial support to farmers who hold land ownership up to two hectares.
- Since its inception, the GoI has provided Rs 75,000 crores.
- It aims to cover 125 million farmers irrespective of their land size.