The prime minister "released the 6th installment under the PM-KISAN scheme of Rs 17,000 crore to nearly 85 million farmers. The cash benefit was transferred directly to their Aadhaar verified bank accounts with the press of a button", an official statement said.
The amount was transferred to farmers at a function organised through video conference to launch financial facility of Rs 1 trillion under the Agriculture Infrastructure Fund.
"No middlemen, no commisison. The amount was transferred directly to farmers," Modi said.
The scheme has been succesful in its objective to provide direct help to farmers and when needed, he added.
The PM-KISAN scheme was launched to provide income support by way of a cash benefit to all landholding farmers (subject to certain exclusion criteria) to enable them to fulfill their agricultural requirements and support their families.
With this transfer, the scheme has provided over Rs 90,000 crore in the hands of more than 100 million farmers since its launch on December 2018, the statement said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.