New Delhi: Prime Minister Narendra Modi will release the 12th Installment of the PM Kisan Samman Nidhi Yojana on October 17. The ministry of Agriculture & Farmers Welfare confirmed in a statement. It will benefit more than 10 crore farmers. With the latest release, the total amount transferred to beneficiaries is expected to cross well over Rs 2.16 trillion, the ministry said.
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PM Kisan Samman Nidhi Scheme was launched by PM Modi in 2019 to provide the farmers having 2-acres land an income support by giving Rs 6000 per year on a quarterly basis.
As part of the scheme, an amount of Rs 6000 is given to farmers in 4-month installments of Rs 2000 each directly into the bank accounts of the beneficiaries. In one year, PM Kisan amount is credited thrice through –Period 1 from April-July; Period 2 from August to November; and Period 3 from December to March.
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