Prime Minister releases 17th installment of PM-Kisan Samman Nidhi

Tags: National News

Narendra Modi started his third term as Prime Minister. Immediately after taking office, the Prime Minister approved the release of the 17th installment of PM-Kisan Samman Nidhi.

An Overview of the News

• Rs 20,000 crore has been allocated in this installment, which will benefit about 9.3 crore farmers. This reflects the government's unwavering dedication towards farmer welfare.

Prime Minister's commitment:

• Prime Minister Modi reaffirmed his government's pledge to give priority to farmers and agriculture.

• Vowed to continue strong support for the agriculture sector in the future.

PM-KISAN Scheme Overview:

• Launched in 2019, the PM-KISAN scheme aims to provide income support to all landholding farmer families across the country.

• Eligible families receive a financial benefit of Rs 6,000 per year.

• Implemented as a central sector scheme with full financial support from the central government.

Direct Benefit Transfer:

• Funds are transferred directly to the bank accounts of beneficiaries.

• Disbursed in three instalments of Rs 2,000 each.

• Over 11 crore farmer families have benefited from the scheme so far, with total transfers exceeding Rs 3 lakh crore.