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PM Modi Transfers ₹18,640 Crore to 9.3 Crore Farmers in PM-KISAN Boost

Prime Minister Narendra Modi released the 22nd instalment of the PM-KISAN scheme, transferring ₹18,640 crore directly into the bank accounts of approximately 9.32 crore beneficiary farmers. Union Agriculture Minister Shivraj Singh Chouhan celebrated the event, calling it a day of joy for farmers and highlighting the scheme's support for small and marginal farmers. PM Modi, while unveiling other projects, contrasted this direct support with accusations against the Congress for spreading misinformation. The PM-KISAN scheme, launched in 2019, provides ₹6,000 annually to eligible farming families and has cumulatively transferred over ₹4 lakh crore to date.

Key Points: PM Modi Transfers ₹18,640 Crore to Farmers Under PM-KISAN

  • 22nd instalment released
  • ₹18,640 crore transferred
  • Benefits 9.32 crore farmers
  • Direct Benefit Transfer used
2 min read

"Day of joy for farmers:" Shivraj Chouhan as PM transfers Rs 18,640 crore under PM-KISAN

PM Modi releases 22nd PM-KISAN instalment of ₹18,640 crore to 9.3 crore farmers. Shivraj Chouhan hails it as a day of joy for rural India.

"It is a day of joy for farmers - Shivraj Singh Chouhan"

New Delhi, March 13

Union Agriculture Minister Shivraj Singh Chouhan on Friday described the release of the 22nd instalment of the Pradhan Mantri Kisan Samman Nidhi scheme as "a day of joy for farmers", with Prime Minister Narendra Modi transferring Rs 18,640 crore directly into the bank accounts of nearly 9.32 crore beneficiaries.

The fund, routed via Direct Benefit Transfer, supports small and marginal farmers and rural livelihoods.

Addressing the media, Chouhan said, "It is a day of joy for farmers, as Prime Minister Narendra Modi transferred Rs 18,640 crore to the accounts of nearly 9.32 crore farmers through Direct Benefit Transfer (DBT) under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. This initiative will support small and marginal farmers, support farming investments and minor needs, boosting the rural economy. To date, over Rs 50,000 crore has been distributed under PM-KISAN, with a cumulative amount of Rs 4,09,000 crore transferred so far."

Chouhan's remarks came after Prime Minister Narendra Modi on Friday released the 22nd instalment of the PM-KISAN scheme to over 9.3 crore farmers across the country, under which eligible farmers receive Rs 2,000 directly into their bank accounts.

Addressing an event in which he unveiled projects of Rs 19,480 crore in the poll-bound state, PM Modi slammed the Congress, accusing it of a "lack of commitment to the nation" and said it "remains focused on spreading misinformation and falsehoods".

"Just a little while ago, a message has reached the accounts of millions of farmers that the PM Samman Nidhi has been deposited... These are the same farmer brothers and sisters, most of whom did not have a mobile phone or any account in a bank before 2014. Today, more than Rs 4 lakh 20,00 crore have been deposited in the accounts of millions of such farmers so far," he said.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), launched on February 2, 2019, has become a transformative force for India's agricultural sector. Under this scheme, every eligible farming family receives an annual benefit of ₹6,000, distributed in three equal installments of ₹2,000 every four months. This amount is directly transferred to the beneficiaries' bank accounts through the Direct Benefit Transfer (DBT) mechanism, making it one of the largest and most transparent DBT schemes globally.

- ANI

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Reader Comments

P
Priya S
While the scheme is good, Rs. 2000 every four months is not enough given the rising costs. Fuel, fertilizer, and labor costs have doubled. The support amount should be revised to reflect current inflation. It's a good start, but more substantial support is needed.
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Aman W
Jai Kisan! 🚜 This direct transfer is a blessing for small farmers. My father no longer has to travel to the block office and wait for hours. The money comes straight to his phone. Transparency is the biggest achievement here.
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Sarah B
As someone working in rural development, I've seen the impact. It's not just about the money; it's about financial inclusion. Millions now have bank accounts and are part of the formal economy because of such schemes. A positive step.
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Karthik V
The article mentions over 9 crore beneficiaries. That's a massive scale. The administrative effort to identify and verify so many farmers and transfer funds without major leaks is commendable. Hope the focus remains on solving bigger issues like MSP and market access too.
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Nisha Z
Good news for farmers. But I wish the political speeches during the announcement were kept to a minimum. This is a welfare scheme, not an election rally. Let the work speak for itself.

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