PM Modi releases the 10th instalment of financial benefit under the PM-KISAN Scheme.
Over Rs 20 thousand cr transferred to more than 10 crore farmer families.
Delhi: Prime Minister Narendra Modi today released the 10th instalment of financial benefit under the Pradhan Mantri Kisan Samman Nidhi Scheme through video conferencing. More than 20 thousand crore rupees have been transferred to over ten crore farmer families.
Under the PM-KISAN scheme, a financial benefit of six thousand rupees per year is provided to the eligible family of farmers. The amount is being transferred in three instalments of two thousand rupees. The fund is transferred directly to the bank accounts of the beneficiaries. Mr Modi also released an equity grant of more than 14 crore rupees to about 351 Farmer Producer Organisations (FPOs) which will benefit more than one lakh 24 thousand farmers.
The Prime Minister said that through FPO’s small farmers are experiencing the power of collective strength. He pointed out five benefits of FPOs for small farmers. These benefits are increased bargaining power, scale, innovation, risk management and adaptability to the market conditions. Mr Modi said, keeping in mind the benefits of FPO’s, the government is promoting them at every level. He said these FPOs are getting the help of up to 15 lakh rupees.
Prime Minister once again pushed for the promotion of natural farming. He said that chemical-free farming is a major way of protecting the health of the soil. Mr Modi said Natural farming is a key step in this direction. The Prime Minister called upon the farmers to keep on doing innovation in farming and support the movement like cleanliness.
