PM Kisan samman Nidhi installment: PM Modi to interact with farmers today, transfer Rs 18,000 crore into 9 crore accounts

PM Kisan samman Nidhi installment: As farmers continue to lay siege to the National Capital against contentious farm laws, Prime Minister Narendra Modi will release the next instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) today December 25 at 12 noon via video conferencing. “With the push of a button, the Prime Minister will enable the transfer of more than Rs. 18,000 crores to more than 9 crores beneficiary farmer families,” said a statement released by Prime Minister office (PMO).  

Prime Minister will also have a conversation with farmers from six different States during the event. The farmers will share their experiences with PM-KISAN Samman Nidhi scheme and also on various other initiatives taken by the government for the welfare of farmers. Union agriculture minister will also be present on the occasion.   
About PM KISAN Samman Nidhi Scheme 

Under the PM-KISAN Scheme, a financial benefit of Rs.6000 per year is provided to the eligible beneficiary farmers, payable in three equal 4-monthly installments of Rs.2000/- each. The fund is transferred directly to the bank accounts of the beneficiaries.   

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When the PM-KISAN scheme was initially launched in February in 2019, it was aimed to provide benefits to only small and marginal farmer families, who had a combined landholding of up to two hectares.   

The scheme was later revised in June 2019 and its benefits were then extended to all the farmer families with landholdings in the country. The government had notified its decision to extend Rs 6000 per year under the PM-KISAN scheme to all 14.5 crore farmers, irrespective of the size of their landholding.   

Some are still excluded from the benefits of the PM-KISAN scheme. These include farmer families that hold constitutional posts, serving or retired officers and employees of state governments and the central government as well as those working in government autonomous bodies and Public Sector Undertakings.   

The scheme also excludes institutional landholders, retired pensioners with a monthly pension of over Rs 10,000, and professionals like engineers, lawyers, and doctors.