PM Narendra Modi to disburse fifteenth PM-KISAN tranche in Jharkhand

Prime Minister Narendra Modi will on Wednesday launch the fifteenth installment of PM-KISAN, a cash-transfer scheme for farmers, at Jharkhand’s Khumti, an official assertion mentioned on Tuesday.

PM-KISAN is a central sector scheme with 100 per cent funding from the central authorities. (Fb | Narendra Modi)

On the occasion, the PM will disburse practically 18,000 crore to 80 million eligible farmers by way of the direct profit switch mode.

Within the 14th installment, practically 80.5 million farmers had acquired a complete of 17,000 crore of their financial institution accounts by way of digital switch made by Modi in July.

Beneath PM-KISAN, the federal government gives earnings help of 6,000 a yr to farmers with a legitimate enrolment, paid in three equal money transfers of 2,000—one each 4 months. It was launched on 24 February 2019, when the primary installment was paid.

Modi had disbursed 16,800 crore to just about 80 million farmers underneath the thirteenth installment in February this yr at Karnataka’s Belagavi.

Additionally Learn: Finance minister Nirmala Sitharaman launches key initiatives for farmers

The eleventh and twelfth installments underneath the PM-KISAN scheme had been launched in Might and October 2022. The scheme has additionally benefited over 30 million girls farmers who collectively acquired over 53,600 crores, the federal government mentioned.

Since its launch, the federal government has disbursed greater than 2.42 lakh crore to eligible farmers by way of varied installments. PM-KISAN is a central sector scheme with 100 per cent funding from the central authorities.

Identification of beneficiaries is the accountability of State governments as per scheme pointers. Any land-owning farming family can enroll itself topic to exclusions, equivalent to earnings ceilings, tax funds and complete asset worth.

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