PM-KISAN 8th Instalment: PM Modi To Release Financial Benefit On 14th May

Prime Minister Shri Narendra Modi will release the eighth instalment of financial benefits under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme via video conference on May 14th at 11 a.m. More than Rs. 19,000 crores will be transferred to more than 9.5 crore farmer families as a result of this. During the event, the Prime Minister will interact with farmer-beneficiaries.

The Pradhan Mantri Kisan Samman Nidhi is a Central Sector Scheme that will provide income support to all landholding farmers’ families in the country to help them meet their financial needs for agricultural and allied inputs, as well as domestic needs.
On December 25, 2020, the scheme’s seventh instalment was released.

The PM-KISAN scheme provides eligible beneficiary farmer families with a yearly financial benefit of 6000 rupees, payable in three equal four-monthly instalments of 2,000 rupees each. The funds are transferred directly to the beneficiaries’ bank accounts.

Union minister Piyush Goyal announced the PM Kisan Samman Nidhi Yojana during the 2019 interim Union Budget. After going into effect in December 2019, the scheme has cost the government 75,000 crores per year.

The funds are transferred directly to the beneficiaries bank accounts. So far, over Rs. 1.15 lakh crores in Samman Rashi has been transferred to farmer families under this scheme.

The financial benefit under the scheme will be credited directly to beneficiaries’ bank accounts. Beneficiaries must provide their bank account details as well as their Aadhaar numbers in order for the financial benefit under the scheme to be credited directly to their bank accounts. If bank account information is not provided, no benefit can be given.

PM-Kisan Helpline No. 155261 / 011-24300606, 011-23381092