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PM-KISAN Completes 6 Years, ₹3.5 Lakh Cr Disbursed to Farmers

Written by: Nikitha DeviUpdated on: Feb 25, 2025, 10:10 AM IST
PM-KISAN completes 6 years! ₹22,000 crore was disbursed in the 19th installment, benefiting 9.8 crore farmers. Govt boosts KCC limit & launches new agri schemes.
PM-KISAN Completes 6 Years, ₹3.5 Lakh Cr Disbursed to Farmers
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Prime Minister Shri Narendra Modi extended warm congratulations to farmers across the country on the 6th anniversary of the PM Kisan Samman Nidhi Yojana, a landmark initiative aimed at providing financial assistance to farmers.

Since its inception, the scheme has significantly contributed to the welfare and empowerment of the agricultural community. The Prime Minister expressed satisfaction that ~₹3.5 lakh crore has been transferred to farmers’ accounts under the scheme.

19th Installment of PM-KISAN Released

To mark the occasion, the 19th installment of PM-KISAN was released by Prime Minister Modi in Bhagalpur, Bihar, benefiting over 9.8 crore farmers, including 2.41 crore female farmers. A total of ₹22,000 crore was disbursed through Direct Benefit Transfer (DBT), ensuring transparency and eliminating middlemen.

Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri, while attending the event, emphasised that farmers’ welfare remains a top priority for the government. He lauded their role as the backbone of the economy and custodians of food security.

Strengthening PM-KISAN: New Beneficiaries and Increased Credit Limit

In a significant development, 30 lakh more farmers have been added as beneficiaries under PM-KISAN. The Union Minister also announced an increase in the Kisan Credit Card (KCC) limit from ₹3 lakh to ₹5 lakh, facilitating better access to credit. This enhancement will help farmers invest in modern agricultural techniques, buy better equipment, and improve productivity.

Launch of PM Dhan Dhanya Krishi Yojana

Union Minister Dr Jitendra Singh also introduced the PM Dhan Dhanya Krishi Yojana, a new initiative aimed at boosting agricultural advancement. The scheme focuses on 100 districts across India, ensuring targeted resource allocation, modern technology adoption, and increased productivity in these areas.

Conclusion

With the ₹3.46 lakh crore already disbursed in 18 installments, PM-KISAN continues to play a pivotal role in rural economic growth. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Published on: Feb 25, 2025, 10:10 AM IST

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

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