PM Modi will transfer 17th installments of Rs 2,000 each in accounts of 9.3 crore farmers

Prime Minister Narendra Modi will release the 17th installment of PM Kisan Samman Nidhi today i.e. on June 18. PM Modi will transfer installments of Rs 2,000 each to 9.3 crore farmers of the country from his parliamentary constituency Varanasi.

New Delhi: Prime Minister Narendra Modi will release the 17th installment of PM Kisan Samman Nidhi today i.e. on June 18. PM Modi will transfer installments of Rs 2,000 each to 9.3 crore farmers of the country from his parliamentary constituency Varanasi. In this, Rs 20 thousand crore will be transferred to the accounts of farmers.

Earlier, the 16th installment of PM Kisan Samman Nidhi Yojana was released on 28 February. In this, more than Rs 21 thousand crore was transferred to the farmers. Under this scheme, the government transfers Rs 6000 in three installments of Rs 2,000 each to the accounts of farmers every year.

Farmers get Rs 6 thousand every year

Under this scheme, farmers are given three installments of Rs 2,000 each, in a year (total Rs 6000). Under the scheme, the first installment is released between April-July, the second installment between August-November and the third installment between December-March. This scheme was started in 2019 to provide financial assistance to farmers.

Eligible beneficiaries of the scheme can also register themselves through Common Service Center (CSC). Apart from this, local Patwari, Revenue Officer and Nodal Officer nominated by the State Government for the scheme are registering the farmers.

All farmers get benefit in PM Kisan Yojana

Initially when PM-Kisan Yojana was started (February, 2019), its benefit was only for the families of small and marginal farmers. It included farmers who had combined land holding up to 2 hectares. In June 2019, the scheme was revised and extended to all farmer families. However, some farmers are still excluded from this scheme.

Those excluded from PM Kisan include institutional land holders, farmer families holding constitutional posts, serving or retired officers and employees of the state or central government. This also includes officers and employees of public sector undertakings and government autonomous bodies.

Apart from these, professionals like doctors, engineers and lawyers, as well as retired pensioners with a monthly pension of more than Rs 10,000 and those who paid income tax in the previous assessment year have also been excluded from this scheme.