December 05, 2024 01:03 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Devendra Fadnavis picked as BJP legislative party head, set to be Maharashtra CM | Rahul Gandhi, Priyanka Gandhi Vadra's visit to violence-hit Sambhal thwarted | Man tries to shoot Shiromani Akali Dal leader Sukhbir Singh Badal at entrance of Golden Temple, arrested | Joe Biden announces $1 billion humanitarian assistance for 31 African countries during his visit to Angola | South Korean president lifts martial law order hours after imposing it
PM Modi releases 17th installment of PM Kisan Samman Nidhi Yojana benefitting over 9.26 cr farmers
Photo courtesy: Video grab

PM Modi releases 17th installment of PM Kisan Samman Nidhi Yojana benefitting over 9.26 cr farmers

| @indiablooms | 18 Jun 2024, 11:12 pm

Varanasi: During his visit to Varanasi on Tuesday, Prime Minister Narendra Modi released the 17th installment of the PM Kisan Samman Nidhi Yojana, benefiting more than 9.26 crore farmers with a total disbursement exceeding Rs 20,000 crore.

This was PM Modi's first action after being sworn in for the third consecutive time, having authorized the release last week.

The PM Kisan Samman Nidhi Yojana, which Modi described as the world's largest Direct Benefit Transfer scheme, was launched in 2019 to support the financial needs of all land-holding farmers, except those with higher income status.

The scheme provides an annual financial benefit of Rs 6,000, distributed in three equal installments every four months, directly into the bank accounts of farmers' families through the Direct Benefit Transfer (DBT) mode.

To date, over Rs 3.04 lakh crore has been disbursed to more than 11 crore farmers across India.

With this latest release, the total amount transferred since the scheme's inception will surpass Rs 3.24 lakh crore.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.