NEW DELHI: PM Modi will on Monday release the 19th instalment of Rs 2,000 each to nearly 10 crore landholder farmers, amounting to around Rs 22,000 crore, across the country under the PM-Kisan scheme at Bhagalpur, Bihar.
"This release of funds will symbolise six years of successful implementation of the PM-Kisan scheme, which continues to strengthen the financial well-being of farmers across the country," said Union agriculture minister Shivraj Singh Chouhan.
So far, more than Rs 3.46 lakh crore have been disbursed to more than 11 crore landholder farmer families in the country through 18 instalments ever since it was launched in February, 2019.
Under the scheme, financial assistance of Rs 6,000 per year in three equal instalments, every four months, is transferred into the bank accounts of each of landholder farmers' families across the country through Direct Benefit Transfer (DBT) mode. The PM-Kisan is one of the largest DBT schemes in the world.
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