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PM Kisan Latest Updates: PM Modi on Monday released the 13th installment of the PM Kisan Samman Nidhi Yojana and said Rs 16,000 crore has been transferred to tge personal accounts of the beneficiary farmers. “Under the PM Kisan Samman Nidhi scheme, in one click, 16000 crore rupees have been deposited in the accounts of crores of farmers,” PM Modi said.
The total amount in the 13th installment under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was transferred to 80 million farmers at an event in Belagavi, Karnataka. With this latest installement, the total amount transferred to the beneficiaries is expected to cross Rs 2.30 lakh crore.
Under the PM Kisan Samman Nidhi scheme, in one click, 16000 crore rupees have been deposited in the accounts of crores of farmers: PM @narendramodi #PMKisan
— MyGovIndia (@mygovindia) February 27, 2023
Since its launch in February 2019, more than Rs 2 trillion have been disbursed to farmers’ bank accounts under the income transfer scheme through 12 equal tranches of Rs 2,000 each. Farmers are provided financial assistance of Rs 6,000 annually through three equal instalments under the scheme.
With this installment, the total amount transferred to farmers since the launch of the scheme would be more than Rs 2.32 trillion.
The agriculture ministry in a statement said that the Scheme has benefited over 30 million women beneficiaries who have collectively received over Rs 53,600 crore.
As part of the PM-Kisan scheme, financial assistance is provided to farmers with land holdings which are subject to certain exclusion criteria.
With the use of digital technologies in implementation of PM-Kisan, the Central government has initiated steps for building a digital ecosystem for agriculture.
A Central scheme, the PM Kisan Samman Nidhi Yojana offers 100% funding from the central government to beneficiary farmers.
From the time of the launch of the PK Kisan scheme in February 2019, more than Rs 2 trillion have been disbursed to farmers’ bank accounts through 12 equal tranches of Rs 2,000 each. The eligible beneficiary farmers are being provided financial assistance of Rs 6,000 annually through three equal instalments as part of the scheme.
In the 13th installment, a total of more than Rs. 16,800 crores will be transferred directly to the accounts of more than eight crore farmers under the Scheme.
The PM-KISAN was launched to provide significant benefits to farmers across the country, and the 13th instalment will further boost their incomes and contribute to the growth of the agriculture sector.
So far, over Rs 2.25 lakh crore of funds have been disbursed to more than 11 crore beneficiary farmer families — primarily small and marginal farmers.
In this year’s Budget 2023-24, the Centre has earmarked Rs 60,000 crore for the implementation of PM-Kisan in the country. However, the allocation is 13% less compared to the Rs 68,000 crore budgeted in 2022-23.
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