PM Modi released Kisan Samman Nidhi To 2.5 Crore Farmers

PM Modi released Kisan Samman Nidhi, two and a half crores of farmers will get benefited, amount of two thousand deposited directly in the accounts. The sixth installment of the much-awaited Prime Minister Kisan Samman Nidhi of farmers will reach their bank accounts today, which they are eagerly waiting for.

PM Modi released an amount of 17 thousand crores for this item. Its direct benefit will be given to 8.5 crore farmers of the country. PM Modi introduced a one lakh crore rupees financing facility under the Agriculture Infrastructure Fund through video conferencing and release of benefits under the PM Kisan Scheme.

On this occasion, PM Modi said that I am very satisfied even after transferring 17 thousand crores as PM Kisan Samman Nidhi to the account of eight and a half crore farmer families. The satisfaction is that the goal of this scheme is being achieved.

This installment is being deposited in the farmers’ account even before the Rabi season begins. The scheme, popularly known as ‘PM Kisan’ among farmers, was launched in February 2019. Under this, a payment of six thousand rupees is made in three installments in the bank account of every farmer of the country every year.

Both installments (Zayed and Kharif) were provided simultaneously with the aim of helping the farmers in view of their challenges during the Corona crisis.

At that time, a total of 22 thousand crore rupees were deposited in the farmers’ account to deal with the difficulties of the lockdown. This sixth installment so far released by PM Modi is being given before the start of the Rabi season.

So far, a total of 9.9 crore farmers have been given the benefit of the scheme, on which an expenditure of 75 thousand crore rupees was spent annually. Under the scheme, installments are being deposited only after the farmers’ bank account number and its Aadhaar number are matched.

However, earlier it was given some relaxation, which also led to a lot of messes. Except West Bengal, farmers of all the states and union territories of the country are getting the benefit of this scheme.

Launches 1 Lakh Crore Agricultural Infrastructure Fund

It was at this ceremony that the plans for the infrastructure development of the agriculture sector were announced for an amount of Rs 1 lakh crore. Such a large amount of money will be used by 2029 in the development of basic infrastructure in the agricultural sector.

The projects prepared under this will be given loans at concessional rates. Infrastructure funds can be used for the safe movement of food grains and other agricultural produce, along with its safe movement and establishment of food processing units.

The role of public sector banks will be crucial in this, which has entered into a mutual agreement with the Ministry of Agriculture.

Agricultural infrastructure will be prepared

The Union Cabinet has approved one lakh crore for Agriculture Infrastructure Fund. The fund will be used for post-harvest agricultural infrastructure. With its help, things like preparing cold storage for farmers, building collection centers, setting up food processing units will be done.

Farmers’ income will accelerate

With this help, farmers will get more money for their crop and will help in increasing their income. The government is moving very fast on the promise of doubling farmers’ income.

Farmers will benefit greatly

If this kind of agricultural infrastructure is ready, then farmers will be able to keep their crops in cold storage. This will reduce wastage of crops and farmers will be able to sell their crops at a reasonable price at the right time. The establishment of a food processing unit will also benefit the farmers and will provide relief from the losses incurred every year.