Rs 20k cr for farmer families

Narendra Modi

Prime Minister Narendra Modi on Saturday released the 10th instalment of over Rs 20,900 crore of financial benefit to over 10 crore farmers under the ‘PM Kisan Samman Nidhi Yojana'. Under the scheme, Rs 6,000 per annum is provided to each eligible farmer family in three instalments.

In a virtual programme, the Prime Minister also released over Rs 14 crore equity grants to 351 Farmers' Producer Companies (FPOs). The formation and promotion of 10,000 Farmer Producer Organisations (FPOs) Scheme in February 2020 is aimed at empowering farmers and provided for a budget of 6,866 crore for the same till 2027-28. The Prime Minister said the FPOs will help the small farmers achieve better bargaining power.

"Our farmers are benefiting from the FPOs in organic, bamboo, honey production. But we still import a lot of things... For example, edible oil which needs a lot of foreign exchange. With an aim to help the local farmers, we have embarked on the National Palm Oil Mission, which will not just make us ‘atmanirbhar' but also help our farmers earn more," he said.

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