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Centre to disburse 8th instalment of PM Kisan on May 14
By TOG News service
May 13, 2021

TOG NEWS SERVICE, NEW DELHI, MAY 13, 2021: THE government will release the eighth instalment of financial benefits under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme as cash transfer to over 9.5 crore farmers' accounts on May 14.

In the upcoming tranche, the first instalment for 2021-22 financial year, Prime Minister Mr Narendra Modi will transfer more than Rs. 19,000 crore – the highest single tranche to be paid so far.

The last instalment of PM Kisan, paid on December 25, was worth Rs. 18,000 crore.

The PM-Kisan scheme was launched in 2019 to provide financial support of Rs. 6,000 a year to eligible farmers, paid in three equal four-monthly instalments of Rs. 2,000 each.

The government has transferred over Rs. 1.15 lakh crore to farmer families so far, with West Bengal joining the scheme for the first time in the coming instalment.