The 22nd installment of the government’s PM-Kisan scheme, aimed at supporting farmers, will be released by Prime Minister Narendra Modi from Guwahati, Assam. This installment will see over Rs 18,640 crore being transferred directly to the bank accounts of more than 9.32 crore farmer families across India through Direct Benefit Transfer (DBT). Union Agriculture Minister Shivraj Singh Chouhan highlighted the government’s commitment to farmers and its recognition of their crucial role in the country’s food security.
The PM-Kisan scheme, launched in February 2019, has already disbursed more than Rs 4.09 lakh crore directly to farmers’ bank accounts. With the upcoming 22nd installment, the total disbursement will surpass Rs 4.27 lakh crore. This initiative, spearheaded by Prime Minister Modi, aims to bring about a significant and sustainable transformation in the agriculture sector by providing direct income support to small and marginal farmers.
Under the program, eligible farmer families receive Rs 6,000 annually in three equal installments, directly credited to their bank accounts. The upcoming installment will also provide financial assistance to over 2.15 crore women farmers. This timely support assists farmers in meeting various agricultural expenses, including seeds, fertilizers, and pesticides, as well as addressing household needs such as education and healthcare.
Union Minister Chouhan emphasized the government’s efforts to empower women farmers economically and improve the financial stability of rural households through the PM-Kisan scheme. Independent studies have indicated that this initiative has helped strengthen the rural economy by reducing farmers’ reliance on loans and promoting increased investment in agriculture.
