Prime Minister Narendra Modi on Sunday, 9 August, transferred Rs 17,100 crore in the bank accounts of over 8 crore farmers as the sixth instalment of the PM-KISAN scheme, which is aimed at providing minimum income support to farmers.
The Agriculture Infrastructure Fund – with a capital of Rs 1 lakh crore – was launched through a video conference by the prime minister during which he said that the money went straight to the farmers and that the objective of the scheme was being fulfilled.
Under the scheme, which was launched in 2018, the prime minister said that the government has transferred Rs 75,000 crore in the bank accounts of the farmers.
“In the past 1.5 years, under this scheme we have transferred Rs 75,000 crore in the bank accounts of the farmers. Of this amount, Rs 22,000 crore was transferred during the coronavirus lockdown phase,” Modi said.
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)