Government releases the 17th instalment of about Rs 20,000 crore under PM-KISAN scheme
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The government has released the 17th instalment of about Rs 20,000 crore under PM-KISAN scheme and distributed certificates to over 30,000 self-help groups known as Krishi Sakhis. After depositing Rs 20,000 crore in the accounts of about 9.25 crore farmers, a total of about Rs 3,25,000 crore has been deposited in the accounts of farmers so far.
PM-KISAN scheme was launched on February 24, 2019 to supplement the financial needs of all land-holding farmers subject to certain exclusion criteria of higher income status. Financial benefit of Rs 6,000 per year in three equal instalments, every four months, is transferred into the bank accounts of farmers’ families across the country through Direct Benefit Transfer (DBT) mode.
Meanwhile, Union Minister for Agriculture and Farmers Welfare and Rural Development Shivraj Singh Chouhan said that agriculture is the backbone of the Indian economy and the farmer is its soul. He added that continuous work has been done on the roadmap to double the income of farmers. For this, on one hand, efforts are being made to increase production by using new technology through irrigation schemes, while on the other hand, to reduce the cost of production, the government gives subsidy of billions of rupees, due to which the farmer gets cheap fertilizers.
