Prime Minister Narendra Modi on Thursday will release around Rs 17,000 crore as the 14th instalment to about 8.5 crore farmer beneficiaries under the PM-KISAN scheme.
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The amount will be transferred to the beneficiaries' bank accounts at an event in?Sikar, Rajasthan on Thursday, an official statement said.
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The total amount transferred to beneficiaries since the inception of the scheme is expected to cross Rs 2.59 lakh crore.
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This financial assistance will support farmers in meeting their daily needs and contribute to their overall well-being, the statement said.
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The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central scheme launched on February 24, 2019, and effective from December 2018.
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Under the scheme, financial benefits of Rs 6,000 per year in three equal instalments are transferred to the bank accounts of farmers' families across the country through a Direct Benefit Transfer (DBT) mode.
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So far, benefits amounting to more than Rs 2.42 lakh crore have been provided to more than 11 crore farmers across the country.
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At the event, Modi will dedicate 1.25 lakh PM Kisan Samriddhi Kendras (PMKSKs) to the country, the statement said.
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The government is converting retail fertiliser shops in the country into PMKSKs in a phased manner. These PMKSKs will provide agri-inputs, testing facilities for soil, seeds, and fertilisers to farmers.
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?These centres will generate awareness among farmers, provide information regarding various government schemes and ensure regular capacity building of retailers at the block- and district-level outlets.
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?At the event, Modi will launch sulphur-coated urea (urea gold), and also launch the onboarding of 1,600 farmer-producer organisations on ONDC.