Modi releases ₹18,000 cr PM-KISAN installment, urges farmers to spread word about Kisan Credit Card

As the farmers’ protests continue unabated, Prime Minister Narendra Modi addresses nine crore farmers from six states via video conferencing on 25 December – former PM Atal Bihari Vajpayee’s birth anniversary.

In today’s meeting, PM Modi released the next installment of the financial benefits – ₹18,000 crore – under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). With the push of a button, the Prime Minister enabled the transfer of over ₹18,000 crore to more than nine crore beneficiary farmer families, as per reports.

While interacting with farmers, PM Modi slammed the Opposition for spreading lies and rumours about the newly-enacted farm laws. Speaking to a farmer from Odisha, PM Modi said, “I urge you to tell farmers about the Kisan Credit Card and its various benefits, which include the availability of loans at low-interest rates.”

Interacting with the PM, the farmer from Odisha said, “I received my Kisan Credit Card in 2019. I took an amount of ₹27,000 on loan from the bank on a mere 4 per cent interest as compared to 20 per cent from intermediaries.”

Union Home Minister Amit Shah is also present at a gaushala in the national capital, from where he too will interact with a select group of farmers.