Prime Minister Narendra Modi will release the 8th installment of financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on May 14 via video conferencing.

According to the Prime Minister’s Office, this will enable the transfer of more than Rs. 19,000 crores to more than 9.5 crores beneficiary farmer families. Prime Minister will also interact with farmer-beneficiaries during the event.

Under the PM-KISAN scheme, a financial benefit of ₹6000 per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly installments of ₹2000 each.

The fund is transferred directly to the beneficiaries bank accounts. In this scheme, Samman Rashi of over Rs. 1.15 lakh crores have been transferred to farmer families so far

In this scheme, Samman Rashi of over ₹1.15 lakh crores has been transferred to farmer families so far as per the PMO.