Under the sixth instalment of PM-Kisan scheme, ₹17,000 crore of PM-Kisan Samman Nidhi has been deposited into bank accounts of 8.5 crore farmers with one click.

PM Modi sends ₹17,000 crore to farmers
PM Modi sends ₹17,000 crore to farmers


Prime Minister Narendra Modi today released the sixth instalment of financing facility under PM-KISAN scheme via video conferencing. Under the sixth instalment of PM-Kisan scheme, ₹17,000 crore of PM-Kisan Samman Nidhi has been deposited into bank accounts of 8.5 crore farmers with one click. Under the PM-KISAN scheme, the govt is providing annually ₹6,000 in three equal installments to 14 crore farmers.

The amount is directly transferred into the bank accounts of the beneficiaries through direct benefit transfer (DBT) mode.

“I’m satisfied because the target of the scheme is being fulfilled,” Prime Minister Narendra Modi said.The scheme transfers money directly to farmers without any leakage.

The Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) scheme, launched on 1st December 2018, has already provided an immediate cash advantage of over Rs. 75,000 crore to over 9.9 crore farmers.

“The implementation of the scheme initated by SHRI Narendra Damodardas Modi went on at a very rapid pace, with funds being directly transferred into the Aadhaar authenticated beneficiaries’ bank account to stop leakage and increase convenience for farmers. The scheme has also been instrumental in supporting farmers during the Covid-19 pandemic, through the discharge of nearly ₹22,000 Crore to assist the farmers during the lockdown period,” the govt said.

PM Modi today also launched a financing facility of ₹1 lakh crore under the Agriculture Infrastructure Fund for agri-entrepreneurs, startups, agri-tech players and farmer groups for post-harvest management and nurturing farm assets.

Last month, the Union Cabinet had approved the Central Sector Scheme of financing facility under “Agriculture Infrastructure Fund” of ₹1 lakh crore. The funds that are generated from these schemes will catalyze the creation of post-harvest management infrastructure and community farming assets like cold storage, collection centres, processing units, etc.