Varanasi, July 31 -- Prime Minister Narendra Modi is set to deliver a significant gift to farmers across the nation ahead of Raksha Bandhan, a release said.

During his visit to Varanasi on August 2, PM Modi will release the 20th instalment of the PM Kisan Samman Nidhi scheme, transferring over Rs 20,500 crore directly into the accounts of 9.7 crore eligible farmers.

Uttar Pradesh alone will see more than 2.3 crore farmers receive Rs 4,600 crore, including Rs 48 crore to 2.21 lakh farmers in Varanasi.

Under the PM Kisan Samman Nidhi scheme, all eligible farmers receive equal instalments of annual assistance. Every landholding farmer family gets Rs 6,000 per year, given in three equal instalments of Rs 2,000 each, as per the release by t...