PM Modi will release the next installment of PM-Kisan tomorrow

PM Modi will release the next installment of PM-Kisan tomorrow

Funds are directly transferred to the bank accounts of the beneficiaries. (file)

New Delhi:

Prime Minister Narendra Modi will release the next installment of financial benefits under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme through video conferencing on August 9 at 12:30 pm.

“This will enable transfer of an amount of over Rs 19,500 crore to more than 9.75 crore beneficiary farmer families. The Prime Minister will interact with farmer beneficiaries and also address the nation during the program,” read an official release by the Prime Minister’s Office.

Under the PM-Kisan scheme, a financial benefit of Rs 6000 per year is provided to eligible beneficiary farmer families, payable in three equal four monthly installments of Rs 2000 each.

Funds are directly transferred to the bank accounts of the beneficiaries. So far, more than Rs 1.38 lakh crore worth of honor money has been transferred to farmer families under this scheme.

Union Agriculture Minister Narendra Singh Tomar will also be present on this occasion.

Earlier on May 14, Prime Minister Narendra Modi had released the 8th installment of financial benefits under the Pradhan Mantri Kisan Samman Nidhi Yojana through video conferencing.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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