PM-KISAN Scheme provides Rs. 6,000 to 8 Crore Farmers


PM Modi on Sunday introduced a financing facility worth 1 lakh crore under the agriculture infrastructure fund which aims to provide medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets.

Rs 17,000 crore was transferred directly to an estimated 8.5 crore farmers under PM Kisan Samman Nidhi scheme which has been in force since 2018.

The PM Kisan Fund is a Central Sector scheme with 100% funding from the Government of India. The scheme has been claimed to be beneficial to the farmers amid a pandemic crisis. It was launched virtually by PM Modi on a video conference with Agriculture Minister Narendra Singh Tomar and other officials were also present.

Formulated to help farmers, the fund will make a way for new harvest management infrastructure and community farming assets such as cold storage, collection centres and processing units which will be useful in several ways.

These assets will enable farmers to get greater value for their produce, as they will be able to store and sell at higher prices, reduce wastage, and increase processing and value addition. Rs. 1 Lakh Crore will be sanctioned under the financing facility in partnership with multiple lending institutions. Overall it will play a vital role in reforming the agriculture sector.

The information of recipients so transferred by them experiences a staggered check, including by banks, and at exactly that point the sum is delivered to the recipient, it stated, including that site can be gotten to get more subtleties on the operational rules of the plan.

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PM Kisan Samman Nidhi Yojana: PM Modi Releases Rs 17,000 Crore to 8.5 Crore Farmers

Written by Tejaswini Bakshi

Tejaswini Bakshi is a high school student from Jammu and Kashmir. She is a vivid observer. She enjoys meeting new people and learning about their lives and backgrounds. She easily finds common interests with strangers and tends to make most people feel comfortable. She finds this skill especially advantageous when connecting with people for work purpose.
She wrote her first poem at the age of14. She is fueled with passion to bring a revolution with her poetry. She is a firm believer in the power of kindness. Dark and unexplored are the kind of emotions she likes to write about the most.

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