PM-KISAN Scheme: PM Modi released Rs 16800 crores

February 27, 2023

The Government of India launched the PM-KISAN scheme in 2019 to provide financial support to the farmers in the country. Under the plan, Rs 6,000 is provided annually. Recently, PM Modi released Rs 16,800 crores under the scheme. More than 80 million farmers benefited from this. The Prime Minister released the funds from Bellavi, Karnataka.

Background

The scheme was launched on February 24, 2019. Since then, the union government released 12 instalments. This is the 13^th. So far, Rs 2.24 lakh cores have been disbursed. Scheme is funded by the central government entirely. State Governments have no role.

The 11^th and 12 instalments were released in May 2022 and October 2022.

PM-KISAN during COVID

During COVID, agriculture was the only thriving sector in the country. Around Rs. 1.75 lakh crores were disbursed during the COVID lockdown. This benefitted more than 30 million women farmers. During this time, the women farmers alone received Rs 53,600 crores.

Significance

The scheme was launched to help the farmers increase their income. According to the union government, financial aid will help in doubling farmers’ income. All land-holding farmer households are eligible to receive the amount.