PM Narendra Modi releases 12th installment of Rs 16,000 crore under Kisan Samman Nidhi

NEW DELHI: Prime Minister Narendra Modi on Monday released the 12th installment of Rs 16,000 crore under the PM Kisan Samman Nidhi which will be credited in bank accounts of almost 10 crore farmers through direct benefit transfer. He also inaugurated 600 Kisan Samridhi Kendras and One Nation One Fertiliser Scheme during the Kisan Sammelan which opened in the national capital.

Modi said on the occasion that more than Rs 2 lakh crore has been transferred to farmers' accounts and it has helped them in managing the input cost. He informed that the government is providing subsidy for essential fertilizers such as urea and this year itself Rs 2.5 lakh crore urea subsidy had been given, while emphasizing that the country needs to become self-sufficient in agriculture. Modi said the subsidies are being given as international prices of urea and DAP are becoming costlier. He added that fertilizers will be rebranded as 'Bharat' and will help in reducing their prices as transportation costs would be controlled. Addressing the gathering of farmers and agri startups, the Prime Minister informed that measures are being taken to modernize agriculture and the Kisan Samridhi Kendras will facilitate this process. (IANS)

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