Prime Minister also interacted with farmer-beneficiaries during the event.
NEW DELHI: Prime Minister Narendra Modi released the 8th instalment of over Rs 20,000 crore to more than 9.5 crore farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme on Friday via video-conferencing.
Prime Minister also interacted with farmer-beneficiaries during the event. Union agriculture minister, Narendra Singh Tomar was also present on the occasion. Tomar said West Bengal has joined the scheme with more than 7 lakh farmers of the state getting the benefit today.
Under the PM-KISAN scheme, a financial benefit of Rs 6000 per year is provided to 14 crore eligible beneficiary farmer families annually, payable in three equal 4-monthly installments of Rs 2000 each.
The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over Rs 1.15 lakh crores has been transferred to farmer families so far.
PM Modi will also interact with five farmers from states like Uttar Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jammu and Kashmir and Andaman and Nicobar on the occasion.
(With inputs from agencies)