PM-KISAN: PM Narendra Modi to release Rs.16,000 Cr to farmers’ accounts on Monday

PM-KISAN: PM Narendra Modi to release Rs.16,000 Cr to farmers’ accounts on Monday

Prime Minister Narendra Modi will inaugurate a two-day event titled “PM Kisan Samman Sammelan 2022” on 17th October 2022 at mela ground of ICAR-Indian Agricultural Research Institute (IARI), Pusa, New Delhi. On this occasion, Modi will release Rs. 16,000 crores under the PM-KISAN flagship scheme as 12th instalment through direct benefit transfer (DBT). Prime Minister will also inaugurate the Agri Start-up Conclave and Exhibition. He will also inaugurate 600 PM Kisan Samruddhi Kendras (PM-KSK) of the Union Ministry of Chemicals & Fertilizers and will launch Bharat Urea bags, India’s biggest move in fertilisers-One Nation One Fertilizer Scheme for farmers.

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Addressing a press conference today, Union Minister of Agriculture & Farmers Welfare, Narendra Singh Tomar and Union Minister of Chemicals and Fertilizers, Dr. Mansukh Mandaviya informed that through “PM Kisan Samman Sammelan 2022” organised by both ministries, PM Modi will address crores of farmers, Agri startups, researchers, policymakers, bankers and other stakeholders. The event will bring farmers and Agri startups on the same platform. More than one crore farmers will virtually join this event. 732 Krishi Vigyan Kendras (KVKs), 75 ICAR Institutes, 75 State Agricultural Universities, 600 PM Kisan Centres, 50,000 Primary Agricultural Cooperative Societies (PACS), and 2 Lakh Community Service Centers (CSCs) would also attend the event virtually. Union Minister of State for Chemicals and Fertilizers, Bhagwanth Khuba and Ministers of State for Agriculture & Farmers Welfare Kailash Chaudhary and Shobha Karandlaje will join the inaugural function.

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What is Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)?

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), a flagship scheme of the Government of India, is an outcome of the continued commitment of the Government of India to initiate policy actions and implement public programmes for an inclusive and productive agricultural sector. The scheme was launched by Prime Minister Narendra Modi on 24.02.2019. Under the scheme, eligible farmer families are provided a benefit of Rs. 6000 per year in three equal instalments of Rs. 2000 each, every four months. The benefit is transferred directly to the bank accounts of eligible beneficiaries through direct benefit transfer (DBT) mode, using modern digital technology. So far, eligible farmer families have received benefits of more than Rs. 2 lakh crore under PM-KISAN through 11 instalments. Of this, Rs 1.6 lakh crore has been transferred during the Covid pandemic period. With the 12th instalment to be released by Prime Minister on 17.10.2022, the total amount transferred to the beneficiaries is expected to cross well over Rs 2.16 lakh crore.

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Since the launch of this scheme, it has crossed many milestones and has received accolades from several quarters for its scale, transparency and seamless transfer of funds directly to the accounts of eligible farmers. This scheme helped farmers of the country to manage their day-to-day expenses during the Covid-19 pandemic.

PM Kisan Samruddhi Kendras (PM-KSK)

Prime Minister will inaugurate 600 PM Kisan Samruddhi Kendras (PM-KSK) of Ministry of Chemicals & Fertilizers. At present, there are around 2.7 lakh fertiliser retail shops in the country at the village, sub-district, sub-division, taluk and district levels. They are company-managed, cooperative shops or retailed to private dealers. The fertiliser retail shops will be converted into a one-stop shop in a phased manner called as Pradanmantri Kisan Samrudhi Kendra (PMKSK) will cater to the needs of the farmers in the country and provide agri-inputs (fertilisers, seeds, implements); testing facilities for soil, seeds, fertilisers; awareness among farmers; provide information regarding various government schemes and ensure regular capacity building of retailers at block and district level outlets. In the pilot phase, at least one retail shop at each district level will be converted into a model shop. It is proposed to convert 330,499 retail fertiliser shops into PMKSK.

Bharat Urea Bags – of One Nation One Fertilizer Scheme for farmers

Prime Minister will also launch India’s biggest move in fertilisers One Nation One Fertilizer (ONOF). The government of India is making it mandatory for fertiliser companies to market their goods under the brand name “Bharat” to standardise fertiliser brands across the nation irrespective of the company that manufactures it. It may be “Bharat Urea, Bharat DAP, Bharat MOP, and Bharat NPK. Development of a single brand ‘Bharat” for all fertilisers will lead to reduce criss-cross movement of fertilisers leading to high freight subsidy. Prime Minister will be launching Bharat urea bags during the event.

Weekly Fertilizer International e-Magazine

Prime Minister will launch Indian Edge, an international weekly fertiliser e-magazine during the event. It will provide information on domestic and international fertiliser scenario including recent developments, price trends analysis, availability and consumption including success stories of farmers.

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