PM Modi to release 15th Instalment of PM KISAN tomorrow

  • Nov 14, 2023
Odisha News:PM-Modi-to-release-the-15th-Instalment-of-PM-KISAN-on-Nov-15
New Delhi, Nov 14:

Prime Minister Narendra Modi will grace the occasion of celebrating the ‘Janjatiya Gaurav Diwas’ and releasing the 15th instalment of the PM-KISAN scheme at Birsa College, Khunti, Jharkhand on Wednesday.

The Janjatiya Gaurav Divas is celebrated every year to recognize the efforts of the tribals in the preservation of cultural heritage and promotion of Indian values of national pride, valour, and hospitality. The event will be broadcasted by Krishi Vigyan Kendras (KVKs), ICAR Institutes, State Agricultural Universities, PM Kisan Samriddhi Kendras, Primary Agricultural Cooperative Societies, and Common Service Centers (CSCs)  across the country.

In the 15th instalment, over 8.0 Cr. farmers will receive an amount of more than Rs. 18,000 Cr. released by the Prime Minister by click of a button on 15.11.2023. The total amount transferred to the beneficiaries since the inception of the scheme is expected to cross well over Rs 2.80 lakh crore. This financial assistance will support farmers in meeting their agricultural and other incidental needs.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is one of the world’s largest Direct Benefit Transfer schemes. A flagship scheme of the Government of India, it exemplifies the continued commitment of the Government of India to initiate policy actions for an inclusive and productive agricultural sector.

It is a central sector scheme launched on 24th February 2019 to supplement the financial needs of all land-holding farmers subject to certain exclusion criteria of higher income status. Financial benefit of Rs 6,000 per year in three equal instalments, every four months, is transferred into the bank accounts of farmers’ families across the country through Direct Benefit Transfer (DBT) mode. As of now, benefits amounting to more than Rs 2.61 lakh crores have been provided to more than 11 crore farmers across the nation.

For the release of the 15th instalment, eKYC and seeding of Aadhaar with active bank accounts are mandatory to ensure that the benefit is released to the genuine beneficiaries directly into their Aadhaar linked bank accounts without any involvement of middlemen. 

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