PM Modi Sends Rs 17,100 Crore Into Bank Accounts Of Over 8 Crore Farmers

NDTV News

“I am contented since the aim of the plan is being fulfilled,” PM Modi explained.

Highlights

  • PM-KISAN scheme is aimed at supplying ₹ 6,000 every year to farmers&#13
  • Total portion of the sixth installment of the plan introduced in 2018&#13
  • Govt claims to have provided ₹ 90,000 cr to 10 crore farmers so much

New Delhi:

Prime Minister Narendra Modi right now electronically transferred Rs 17,100 crores to the lender accounts of above 8.5 crore farmers as component of the PM-KISAN scheme, aimed at supplying direct support of ₹ 6,000 each year to them.

The sum was element of the sixth installment of the scheme released in 2018. The governing administration claims to have provided a direct dollars advantage of around Rs 90,000 crore to a lot more than 10 crore farmers as component of the scheme.

“Rs 17,000 crores of PM-Kisan Samman Nidhi have been deposited into bank accounts of 8.5 crore farmers with a one click. No middlemen or fee, it went straight to farmers. I am pleased due to the fact the goal of the scheme is remaining fulfilled,” PM Modi stated all through the start of a financing facility for farmers.

The Agriculture Infrastructure Fund — with a funds of Rs 1 lakh crore — was released by the Key Minister through a video clip convention which was attended by lakhs of farmers, cooperatives, and citizens across the nation. The Fund aims to catalyze the generation of put up-harvest management infrastructure and neighborhood farming belongings this sort of as cold storage, collection centres and processing units. These belongings will permit farmers to get better benefit for their generate, as they will be capable to store and promote at better prices, decrease wastage, and enhance processing and price addition, the government said.

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The very first sanction of about Rs 1000 crore was manufactured to more than 2,280 farmers beneath the Agriculture Infrastructure Fund now, the Primary Minister’s Workplace claimed in a statement.

Below the PM-KISAN plan, every farmer receives up to ₹ 6,000 for every calendar year as bare minimum earnings help and the plan is entirely funded by the central authorities.

The cash are remaining specifically transferred into the Aadhaar authenticated beneficiaries’ financial institution account to prevent leakage and enhance ease for farmers.

The plan has also been instrumental in supporting farmers in the course of the Covid-19 pandemic, through the release of approximately Rs 22,000 Crore to support the farmers throughout the lockdown period, the federal government explained.

Around 9 crore farmers have registered them selves beneath the scheme among December 2018 and November 2019, it reported. Of these, 7.62 crore or 84 for each cent of farmers have received the to start with installment.

The revenue through the second installment was presented to just about 6.5 crore farmers and the sum beneath the third installment was presented to 3.85 crore beneficiaries, in accordance to the knowledge obtained in reaction to an RTI query.

The information of beneficiaries so uploaded by them undergoes a multi-stage verification, which include by banking companies, and only then the amount of money is produced to the beneficiary, it reported, including that www.pmkisan.gov.in website can be accessed to get extra details on the operational suggestions of the plan.

Cory Weinberg

About the author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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