Summary:
Prime Minister Narendra Modi today electronically transferred ? 17,100 crores to the bank accounts of over 8.5 crore farmers as part of the PM-KISAN scheme, aimed at providing direct support of ? 6,000 annually to them.
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New Delhi: Prime Minister Narendra Modi today electronically transferred ? 17,100 crores to the bank accounts of over 8.5 crore farmers as part of the PM-KISAN scheme, aimed at providing direct support of ? 6,000 annually to them.
The amount was part of the sixth installment of the scheme launched in 2018.
The government claims to have provided a direct cash benefit of over ? 75,000 Crore to more than 9.9 Crore farmers as part of the scheme.
"Rs 17,000 crores of PM-Kisan Samman Nidhi have been deposited into bank accounts of 8.5 crore farmers with a single click.
No middlemen or commission, it went straight to farmers.
I am satisfied because the objective of the scheme is being fulfilled," PM Modi said during the launch of a financing facility for farmers.
The Agriculture Infrastructure Fund -- with a capital of Rs 1 lakh crore -- was launched by the Prime Minister through a video conference which was attended by lakhs of farmers, cooperatives, and citizens across the country.
The Fund aims to catalyze the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centres, processing units, etc.