Mumbai: In a recent development, Prime Minister Narendra Modi Friday transferred Rs 19,000 crore directly into the bank accounts of 10 crore farmers across the country under Prime Minister Kisan Samman Nidhi (PM-Kisan).
Speaking on the occasion of the transfer of the eighth instalment under PM-Kisan, the Prime Minister said that the farmers of West Bengal would benefit from this scheme for the first time.
“On this auspicious day of Akshaya Tritiya, around Rs, 19,000 crores has been transferred directly to farmers’ banks. This will benefit around 10 crore farmers. For the first time, West Bengal farmers will benefit from this scheme,” said PM Modi.
PM Modi later commended the efforts of the country’s farmers, who, despite the ongoing COVID-19 pandemic, set records in agriculture and gardening. He said that the government has purchased 10 per cent more wheat this year at the minimum support price (MSP).
“Farmers have set records in agriculture and gardening amidst the tough challenges of COVID-19 while the government is also setting new records on procurement on MSP every year. In comparison to last year, 10 per cent more wheat has been purchased on MSP this year,” he said.
“The government is constantly making efforts to provide new solutions, new options in farming. Such efforts are to promote organic farming. The cost of such crops is also low, they are beneficial for the soil, are healthy, and more Can get the price,” she added.
Under the PM-KISAN scheme, a financial benefit of Rs. 6,000- per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly instalments of Rs.2000 each. The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over Rs. 1.15 lakh crores have been transferred to farmer families so far.