PM Modi Approves 17th Installment of PM Kisan Scheme, Benefits 9.3 Crore Farmers

Sunil Jakhar, the President of Bharatiya Janata Party (BJP) in Punjab, praised Prime Minister Narendra Modi’s commitment to the welfare of farmers, stating that it was evident in his first decision of the third term, where he approved the release of the installment of the ‘PM Kisan Nidhi’ scheme.

Prime Minister Modi, at the onset of his third term, on Monday, signed the file to release the 17th installment of Rs. 20,000 crore under the ‘PM Kisan Nidhi’ scheme, benefiting approximately 9.3 crore farmers.

Jakhar remarked that Prime Minister Modi’s approval to distribute Rs. 20,000 crore among farming families under this installment showcases his dedication to addressing the issues of farmers comprehensively.

In a statement, Jakhar said, “This decision will benefit many lakhs of farmers in Punjab. The money will be transferred to the bank accounts of the beneficiary farmers, thereby increasing their income.”

The PM Kisan Nidhi scheme, initiated by the government, aims to provide financial assistance of Rs. 6,000 per year to small and marginal farmers, payable in three equal installments. The scheme is designed to augment the income of farmers and ensure their financial stability.

With the approval of the 17th installment, the total amount disbursed under the scheme reaches a significant milestone, demonstrating the government’s commitment to the welfare of farmers.

The PM Kisan Nidhi scheme is part of a series of initiatives undertaken by the government to uplift the agricultural sector and improve the livelihoods of farmers across the country.

Prime Minister Modi’s proactive approach towards addressing the concerns of farmers reflects the government’s steadfast commitment to transforming India’s agricultural landscape and ensuring the prosperity of its farmers.

The decision to release the 17th installment of the PM Kisan Nidhi scheme has been widely hailed by farmers’ organizations and political leaders, who see it as a significant step towards empowering the farming community and boosting rural incomes.

In conclusion, the approval of the 17th installment of the PM Kisan Nidhi scheme underscores the government’s unwavering dedication to the welfare of farmers and its resolve to build a prosperous and inclusive agricultural sector.

News Bureau
News Bureau
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