PM Modi to release 13th installment of Rs 16,800 crore under PM-KISAN: Ahead of Holi and rabi harvesting, Prime Minister Narendra Modi will release the 13th instalment of financial benefits worth Rs 16,800 crore to over eight crore eligible farmers under the flagship PM-KISAN scheme on Monday i.e. February 27, 2023. The highly anticipated release of the PM-KISAN 13th instalment will take place at Belagavi, Karnataka, an official statement said on Sunday.
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PM-KISAN refers to Pradhan Mantri Kisan Samman Nidhi.Under this scheme, eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal installments of Rs 2,000 each every four months. The fund is directly transferred to the bank accounts of the beneficiaries.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Benefits
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 funds are transferred directly to the beneficiaries bank accounts. The scheme was launched in February 2019, but it went into effect in December 2018.