Prime Minister Narendra Modi on Monday released the 12th instalment of financial benefit worth Rs 16,000 crore to over 11 crore eligible farmers under the flagship PM-KISAN scheme, ahead of Diwali and ongoing rabi sowing.
With this, the total amount transferred to the beneficiaries is expected to cross Rs 2.16 lakh crore.
Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal instalments of Rs 2,000 each every four months. The fund is directly transferred to the bank accounts of the beneficiaries.
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