PM Kisan 12th Installment of Rs 16,000 crore has been released (PM Kisan Samman Nidhi)

PM Kisan Samman Nidhi Yojana was launched in February 2019 but is being implemented with effect from December 2018. The Prime Minister Narendra Modi released the 12th instalment of Rs 16,000 crore at a two-day event “PM Kisan Samman Sammelan 2022” being held at the Pusa campus in the national capital. 

 

 PM Modi while addressing a gathering on Mela Ground IARI in Delhi said “We are giving importance to drip irrigation and use of sprinklers to conserve water and maintain soil health. We have also given utter importance to natural farming which has led to a multi-fold increase in production.”

The PM Kisan Yojana installment have credited Rs 2,000 to 11 crore eligible farmers under the flagship PM-KISAN scheme, ahead of Diwali and ongoing rabi sowing. 

With this, the total amount transferred to the beneficiaries is expected to cross Rs 2.16 lakh crore. Under the PM Kisan Samman Nidhi (PM-KISAN), eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal installments of Rs 2,000 each every four months. The fund is directly transferred to the bank accounts of the beneficiaries. 

The following categories of beneificiaries of higher economic status shall not be eligible for benefit under the scheme-

1 All Institutional Land holders.

2 Farmer families which belong to one or more of the following categories:

i) Former and present holders of constitutional posts

ii) Former and present Ministers/ State Ministers and former/present Members of LokSabha/ RajyaSabha/ State Legislative Assemblies/ State Legislative Councils,former and present Mayors of Municipal Corporations, former and present Chairpersons of District Panchayats.

iii) All serving or retired officers and employees of Central/ State Government Ministries /Offices/Departments and its field units Central or State PSEs and Attached offices /Autonomous Institutions under Government as well as regular employees of the Local Bodies (Excluding Multi Tasking Staff /Class IV/Group D employees)

vi) All superannuated/retired pensioners whose monthly pension is Rs.10,000/-or more (Excluding Multi Tasking Staff / Class IV/Group D employees) of above category

v) All Persons who paid Income Tax in last assessment year

vi) Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and carrying out the profession by undertaking practices. 

 

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