Prime Minister Narendra Modi on Monday released the ninth instalment of financial benefit of about Rs 19,500 crore to over 9.75 crore farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme via video conferencing on Monday. Under the PM-KISAN scheme, an annual financial benefit of Rs 6,000 is provided to eligible beneficiary farmer families, payable in three equal four-monthly installments of Rs 2000 each. This will enable the transfer of an amount of more than Rs 19,500 crore to more than 9.75 crore beneficiary farmer families, the PMO said. The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, 'Samman Rashi' of over Rs. 1.38 lakh crore has been transferred to farmer families so far, according to the PMO.

Prime Minister Narendra Modi on Monday released the ninth instalment of financial benefit of about Rs 19,500 crore to over 9.75 crore farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme via video conferencing on Monday. Under the PM-KISAN scheme, an annual financial benefit of Rs 6,000 is provided to eligible beneficiary farmer families, payable in three equal four-monthly installments of Rs 2000 each. This will enable the transfer of an amount of more than Rs 19,500 crore to more than 9.75 crore beneficiary farmer families, the PMO said. The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, 'Samman Rashi' of over Rs. 1.38 lakh crore has been transferred to farmer families so far, according to the PMO.