Indian Economy News

PM Modi releases ₹21,000 crore for 10 crore farmers under PM Kisan scheme

On May 31, Prime Minister Mr. Narendra Modi released the 11th instalment of funds under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme, distributing Rs. 21,000 crore (US$ 2.7 billion) to more than 10 crore beneficiary farmers. The payments would be deposited to the bank accounts of the farmers, according to the government.

On May 30, Mr. Modi also released benefits under the PM CARES for Children scheme for those who lost their parents during the COVID pandemic.

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