Over 9.5 crore farmers are scheduled to get Rs 2,000 under the PM-KISAN initiative on Friday.
Prime Minister Narendra Modi will release Rs 19,000 crore to the beneficiary farmers and interact with them on Friday.
“Tomorrow is an important day for crores of farmers of the country. I will be honoured to release the eighth installment of the Pradhan Mantri Kisan Samman Nidhi through video conferencing at 11:00 am,” Modi said.
Farmers from West Bengal were also expected to receive their first installment as the state government was in communication with the Centre to start the initiative.
The farmers in West Bengal could not receive financial assistance as Chief Minister Mamata Banerjee insisted on routing the funds through the state government instead of directly into the bank accounts of farmers.
Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to the eligible beneficiary farmer families, payable in three equal installments.
Farmers receive the financial benefits directly in their bank accounts.
A PMO statement said an amount of Rs 1.15 lakh crores has been transferred to farmer families so far since the initiative was launched in February 2019.
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