NEW DELHI: After being sworn in as Prime Minister for the third consecutive term, Narendra Modi’s first official act was to authorize the release of the 17th installment of the PM-Kisan Samman Nidhi.
The Prime Minister signed the file on Monday. Approximately Rs 20,000 crore will be distributed to benefit nine crore, 30 lakh, farmers in the country.
The decision shows the new government’s commitment to farmer welfare. The government will continue to prioritise the well-being of farmers and the agricultural sector in the future
PM Narendra Modi
The PM-KISAN Samman Nidhi was launched in 2019 with the objective of offering financial assistance to farmer families who own land throughout the nation. The scheme offers an annual financial benefit of Rs 6,000 to eligible farmer families. It is being executed as a Central Sector Scheme with full financial backing from the Central Government. The amount is being transferred directly to the beneficiaries’ bank accounts, in three installments of Rs 2,000 each.
To date, the scheme has benefited more than 11 crore farmer families, and over Rs 3 lakh crore has been transferred into the accounts
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