PM Modi to Release 10th Instalment of PM-KISAN Fund on January 1
News 18On the first day of the New Year, Prime Minister Narendra Modi will release the 10th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi, transferring an amount of over Rs 20,000 crore to more than 10 crore beneficiary farmer families. The Prime Minister’s Office said the money transfer is in line with Modi’s continued commitment and resolve to empower grassroots farmers. Under the scheme, a financial benefit of Rs 6,000 per year is provided to eligible farmer families, payable in three equal four-monthly instalments of Rs 2,000. During the programme to be held through video conference, the prime minister will also release equity grant of more than Rs 14 crore to about 351 Farmer Producer Organizations, which will benefit over 1.24 lakh farmers.