Prime Minister Narendra Modi has released the 13th instalment of the PM Kisan Samman Nidhi Scheme (PM-Kisan) from Belagavi, Karnataka on February 27, 2023. More than Rs 16,800 crore have been deposited directly in the accounts of more than 8 crore farmers in the 13th instalment. The highly anticipated release of the PM Kisan 13th instalment took place at an event in Belagavi, Karnataka.
Prime Minister Modi launched the PM Kisan scheme in 2019, which aims to provide income support to all landholder farmer families across the country with cultivable land, subject to specific exclusions. Under the scheme, an amount of Rs 6,000 per year is released in 3 equal instalments of Rs 2,000 directly into the beneficiaries’ bank accounts. The 11th and 12th instalments under the PM Kisan were released in May and October 2022.
All landholding farmer families in the country are eligible under the PM Kisan, subject to certain exclusion criteria.
Till now, over Rs 2.25 lakh crore of funds have been disbursed to more than 11 crore farmer families, primarily the small and marginal farmers. During the Covid-19 lockdown, Rs 1.75 lakh crore were distributed in multiple instalments to support farmers. The scheme has also benefited over 3 crore women beneficiaries, who have collectively received over Rs 53,600 crore.
“With the release of the 13th instalment, the government has continued its commitment to support India’s farmers and help them achieve their livelihood goals. The scheme has already provided significant benefits to farmers across the country, and this latest instalment will further boost their incomes and contribute to the growth of the agriculture sector,” the government said in an official notification.
“The initiative’s funds have spurred rural economic growth, eased credit constraints for farmers and boosted agricultural investments. It has also increased farmers’ risk-taking capacity, leading to more productive investments,” it added.
See also: How to check your name in PM Kisan list?Â
