PM Kisan Samman Nidhi Yojana: Prime Minister Narendra Modi today electronically transferred ₹ 17,100 crores to the bank accounts of over 8.5 crore farmers as part of the PM-KISAN scheme, aimed at providing direct support of ₹ 6,000 annually to them.

The amount was part of the sixth installment of the scheme launched in 2018. The government claims to have provided a direct cash benefit of over Rs 90,000 crore to more than 10 crore farmers as part of the scheme.

Speaking on the occasion, PM Modi said that no middlemen or commission was needed as the amount went straight to farmers. He also expressed satisfaction because the objective of the scheme was fulfilled.

“Rs 17,000 crores of PM-Kisan Samman Nidhi have been deposited into bank accounts of 8.5 crore farmers with a single click. No middlemen or commission, it went straight to farmers. I am satisfied because the objective of the scheme is being fulfilled,” PM Modi said.

PM Modi launched the new Agriculture Infrastructure Fund through video conference. Agriculture Minister Narendra Singh Tomar and senior ministry officials were present.

Designed to help farmers, the fund will catalyse the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centres and processing units.

Moreover, these funds will enable the farmers to get greater value for their produce as they will be able to store and sell at higher prices, reduce wastage and increase processing and value addition.

The first sanction of over Rs 1,000 crore was made to over 2,280 farmers under the Agriculture Infrastructure Fund today, the Prime Minister’s Office said in a statement.

Under the PM-KISAN scheme, each farmer receives up to ₹ 6,000 per year as minimum income support and the scheme is totally funded by the central government.

The money through the second installment was given to nearly 6.5 crore farmers and the amount under the third installment was given to 3.85 crore beneficiaries, according to the data received in response to an RTI query.

Launched on December 1 2018, the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) scheme has provided a direct cash benefit of over Rs 75,000 crore to more than 9.9 crore farmers.

Apart from enabling them to fulfil their agricultural requirements, the Pradhan Mantri Kisan Samman Nidhi Yojana has also been instrumental in supporting farmers during the Covid-19 pandemic.

The data of beneficiaries so uploaded by them undergoes a multi-level verification, including by banks, and only then the amount is released to the beneficiary, it said, adding that website can be accessed to get more details on the operational guidelines of the scheme.