HomeNewsIndiaAlmost Rs 2.5 lakh crore transferred to bank accounts under PM KISAN scheme yet: PM Modi

Almost Rs 2.5 lakh crore transferred to bank accounts under PM KISAN scheme yet: PM Modi

Under the scheme, eligible farmer families are provided Rs 6,000 per year in three equal instalments of Rs 2,000 each.

February 27, 2023 / 19:50 IST
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PM Modi at Belagavi, Karnataka on February 27, 2023.
PM Modi at Belagavi, Karnataka on February 27, 2023.

On February 27, Prime Minister Narendra Modi released the 13th instalment of over Rs 16,000 crore under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, providing direct benefit transfer to more than eight crore beneficiaries during his visit to Karnataka.

The scheme, which began in December 2018 and is funded by the Government of India, provides eligible farmer families with Rs 6,000 per year in three equal instalments of Rs 2,000 each.

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The PM said that the BJP government has raised the agriculture budget by 5 times and is connecting farmers with technology to prepare them for the future. However, the exclusions from the scheme include former and present holders of constitutional posts, ministers, government officers, and professionals like doctors and lawyers.

PM Modi stressed on the importance of Aadhar cards and Jan dhan bank accounts, saying that the step would not have been possible without the two schemes.