Agri Business

Govt to transfer ₹2,000 under PM-KISAN scheme to 8.69 crore farmers in April 1st week

PTI New Delhi | Updated on March 26, 2020 Published on March 26, 2020

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To provide relief to farmers affected due to the lockdown, the Centre on Thursday said it would transfer in the first week of April the first installment of ₹2,000 to each of 8.69 crore beneficiaries under the PM-KISAN scheme.

Announcing the relief measures within 36 hours of nationwide lockdown, Finance Minister Nirmala Sithraman said: “Farmers receive ₹6,000 annual from PM-KISAN. We will now be giving the first installment of that as a front-loaded matter so that at the beginning of the year they will get ₹2,000“.

This will benefit immediately 8.69 crore farmers who feed 1.3 billion population, she added.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, the Centre transfers an amount of ₹6,000 per year, in three equal instalments, directly into the bank accounts of the farmers, subject to specific exclusion criteria relating to higher-income status.

Published on March 26, 2020
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