New Delhi, May 14: Prime Minister Narendra Modi will release the 8th installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme at 11 AM on Friday through video conferencing, informed the PMO.
"This will enable the transfer of more than Rs.19,000 crore to more than 9.5 crores beneficiary farmer families", said a release issued by the Prime Minister's Office.
Prime Minister will also interact with farmer-beneficiaries during the event.
Union Agriculture Minister Narendra Singh Tomar will be present on the occasion.
Under the PM-KISAN scheme, a financial benefit of Rs. 6000 per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly installments of RS.2000 each. The fund is transferred directly to the bank accounts of the beneficiaries.
The seventh installment under the scheme was released on December 25, 2020.