New Delhi: Prime Minister Narendra Modi presented the tenth installment of financial assistance under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme via video conferencing in the national capital on Saturday. During the ceremony, the Prime Minister also announced a Rs 14 crore equity award to 351 Farmer Producer Organizations (FPOs), which will benefit over 1.24 lakh farmers.

On Saturday, Prime Minister Narendra Modi used video conferencing to announce the tenth instalment of financial assistance under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.

According to the Prime Minister's Office, this is in accordance with the government's ongoing commitment and determination to empower small-scale farmers. The PMO said, this will facilitate the transfer of more than Rs 20,000 crore to more than 10 crore eligible farmer families.

"Under the PM Kisan Samman Nidhi Yojana, effective from 1st December 2018, the Central Government has so far sent more than Rs 1.61 lakh crore to more than 11.5 beneficiary farmer families in the accounts of farmer families," Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar said at the event.  "Under the Pradhan Mantri Kisan Samman Nidhi PM Kisan Yojana, an amount of around Rs 65,800 crore has been distributed to the beneficiary farmers in the current financial year 2021-22," Tomar noted.

The PM-KISAN scheme provides eligible beneficiary farming families with a financial benefit of Rs 6,000 per year, payable in three equal four-monthly instalments of Rs 2,000 each. The funds are deposited immediately to the beneficiaries' bank accounts. So date, about Rs 1.6 lakh crore in Samman Rashi has been given to farming households through this scheme.

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