PM-KISAN: Rs 15,127.88 cr disbursed to beneficiaries in Karnataka since FY20
Since April 2020, Karnataka's farmers have received ₹15,127.88 crore under the PM-KISAN scheme, as revealed to Parliament. The 20th installment alone, totaling ₹877.32 crore, reached over 43 lakh beneficiaries during April-June. Nationally, the Ce...

AI generated image
Karnataka implemented the PM-KISAN scheme around the time the central government launched it nationally on February 24, 2019.
"A farmer-centric digital infrastructure has ensured that the benefits of the scheme reach all eligible farmers across the country without the involvement of any intermediaries," said Minister of State for Agriculture Ramnath Thakur, in his written reply to the Rajya Sabha.
As per the data placed before the Upper House on disbursal amount from the 5th installment onwards, a total of Rs 15,127.88 crore was transferred to the beneficiaries' bank accounts in Karnataka.
The 20th installment of Rs 877.32 crore was disbursed for the April-June quarter to 43,29,135 beneficiaries.
As on August 8, the Centre disbursed over Rs 3.90 lakh crore to farmers across the country in 20 installments since the inception of the scheme.
The PM-KISAN aims to supplement the financial needs of farmers with cultivable land-holding. Under the scheme, a financial benefit of Rs 6,000 per year is transferred in three equal installments into the Aadhaar seeded bank accounts of farmers through the Direct Benefit Transfer (DBT) mode.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.