Prime Minister Narendra Modi will release the 8th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on May 14, 2021 at 11 AM via video conferencing. This will enable the transfer of more than Rs. 19,000 crore to over 9.5 crore beneficiary farmer families. Prime Minister will also interact with farmer beneficiaries during the event. Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar will also be present on the occasion, the Prime Minister’s Office has said in a statement.
Under the PM-KISAN scheme, a financial benefit of Rs. 6,000 per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly installments of Rs 2,000 each. The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, an amount of over Rs. 1.15 lakh crore has been transferred to farmer families so far.