India, Feb. 25 -- New Delhi PM Kisan, the Union government's cash-transfer scheme for farmers, has completed six years and 19 instalments so far, as Prime Minister Narendra Modi released on Monday the latest tranche in Bihar's Bhagalpur.

The government's data show nearly 100 million farmers have received over Rs.3.5 lakh crore since the scheme's launch.

"Today I have the privilege of releasing the 19th instalment of PM-KISAN. I am very satisfied that this scheme is proving to be very useful for our small farmers across the country," PM Modi said, while releasing the latest tranche.

Cash-transfers have been a popular mode of income support in many developing nations, especially Latin America, and favoured by economists because of their ...