New Delhi: Around 8.69 crore farmers will be provided the first installment of Rs 2000 under PM KISAN scheme in the first week of April, announced Finance Minister Nirmala Sitharaman on Thursday.
Announcing the relief measures within 36 hours of nationwide lockdown, Sithraman said: “Farmers receive Rs 6,000 annually 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 Rs 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 Rs 6,000 per year, in three equal instalments, directly into the bank accounts of the farmers, subject to certain exclusion criteria relating to higher-income status.