Pradhan Mantri Kisan Samman Nidhi (PM KISAN), a flagship scheme of Modi authorities, continues to attain new milestones in offering monetary help to farmer households throughout the nation through Direct Benefit Transfer (DBT).

When Prime Minister Narendra Modi launched the sixteenth installment of PM KISAN on Wednesday, the quantity of financial help to farmer households, until date crossed a whopping sum of Rs 3 lakh crore. More than 11 crore eligible farmer households stand to have gained the advantages of PM KISAN yojana. Out of the staggering quantity, about Rs 1.75 lakh crore was transferred to farmers throughout the COVID interval alone.

Another main accomplishment of the programme is the addition of about 90 lakh new beneficiaries to PM KISAN scheme. This occurred throughout Modi authorities’s Viksit Bharat Sankalp Yatra when it handed via 2.60 lakh Gram Panchayats to impress upon the locals about Central welfare schemes.

PM-KISAN, an formidable scheme of Modi authorities for healthful monetary safety and welfare of the farmers, was launched on February 2, 2019. Under the scheme, the eligible farmer households get a financial help of Rs 6000 per 12 months, delivered in three equal instalments of Rs 2000, each 4 months. The profit is transferred instantly into the financial institution accounts of eligible beneficiaries via DBT mode, utilizing trendy digital expertise.

Notably, in final 5 years of its operation, the scheme has achieved many milestones and acquired accolades from varied world organisations, together with the World Bank, for its sheer imaginative and prescient, scale, and seamless switch of funds instantly into the accounts of farmers.

A current research by the International Food Policy Research Institute (IFPRI) on farmers of Uttar Pradesh additionally discovered that the scheme didn’t have gaps or leakages. It discovered that the advantages transferred to majority of farmers was acquired in toto and there have been no leakages in between.

The similar research additionally discovered that the farmers receiving money transfers beneath PM-KISAN had been extra more likely to spend money on shopping for agricultural tools, seeds, fertilizer, and pesticides.

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