PM Narendra Modi signs first document to release Rs 20,000 cr for PM Kisan Nidhi
PM Narendra Modi approved the 17th instalment of the PM-KISAN scheme on Monday, marking his first act after his third consecutive swearing-in. The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), launched in 2019, provides ₹6,000 annually to eligible farmers, disbursed in three instalments of ₹2,000 each, directly to their bank accounts.
PM Narendra Modi on Monday signed the release of the 17th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN Nidhi) scheme. This move will benefit over 93 million farmers by spending over Rs 20,000 crore. The 16th batch of PM KISAN system was released on 28 February 2024.
“Our government is fully committed to Kisan Kalyan. Therefore, it is appropriate that the first document signed is related to the welfare of farmers. We want to continue working for farmers and the agriculture sector in the times to come,” PM Narendra Modi said in a statement.
The scheme was launched in February 2019 but came into effect from December 2018.
PM-KISAN scheme is a central sector scheme which is a centralized industrial scheme providing livelihood to all land-owning families in the country to supplement its financial needs to acquire various inputs related to agriculture and related activities and domestic needs.
PM Modi signs his first file after swearing in as Prime Minister for the third time.
The government has allocated Rs 1.27 crore to the agriculture ministry for 2024-25, which is slightly higher than the current taxation, interim budget documents show. The full budget is likely to be released in July 2024.
Prime Minister Modi took a big decision in the morning regarding farmers and then another announcement was made in the first cabinet meeting to provide relief to the poor and middle class. The first meeting of the government approved the construction of three million new houses under the Pradhan Mantri Awas Yojana (PMAY).
All houses built under PMAY will provide basic amenities like household toilets, LPG connections, electricity connections, and functional household faucet connections as they are compatible with other central and state government schemes.
The government of India has since 2015-16. introduced PMAY to help eligible rural and urban households build houses with basic amenities. Prime Minister Modi hailed the decision as “making life easier” and the dignity of Indians.
In March, PM Narendra Modi chaired a key cabinet meeting and directed his ministers to draw up an agenda for the first 100 days to ensure smooth execution of government operations. Some key considerations include the implementation of policies related to the defense sector.
According to Talouslehti’s report, the center should work on the creation of a new export agency. Among other things, the negotiations on the acquisition of Rafale M fighter planes and the reforms of the DRDO (Defense Research and Development Organization) are open.
The controversial Agnipathi recruitment for soldiers may also be discussed after a strong demand from BJP’s coalition partners Janata Dal-United and Jana Shakti Party (Ram Vilas).
In addition, from July 1, the Ministry of the Interior will monitor the implementation of the new criminal laws. The Modi government is also expected to step up its efforts to hold general elections in Jammu and Kashmir.
Last month, Union Minister Amit Shah said polls would be held in the Union Territory before the Supreme Court’s September 30 deadline.
