Prime Minister Narendra Modi today marked a significant milestone in rural welfare by releasing the 17th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. The announcement was made during a high-profile event in Varanasi, where PM Modi credited a record ₹20,500 crore directly into the bank accounts of more than 9.7 crore farmers across India.
What is PM-KISAN and How Does It Work?
Launched in 2018, the PM-KISAN Yojana aims to provide financial assistance to small and marginal farmers. Eligible farmers receive an annual benefit of ₹6,000, paid in three equal installments of ₹2,000 directly to their bank accounts via Direct Benefit Transfer (DBT).
Highlights from PM Modi’s Announcement
- Direct Benefit: Over 9.7 crore farmers benefited in this instalment, with payments processed instantly through digital banking systems.
- Transparency: The scheme’s digital approach ensures that funds go straight to beneficiaries, reducing leakages and middlemen.
- Focus on Small Farmers: The majority of recipients own less than 2 hectares of land, meaning the scheme targets those most in need.
“The government stands with its farmers in every season, and this financial assistance is their right,” affirmed PM Modi during his address.
“We will continue to empower the backbone of India’s agricultural economy.”
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How This Installs Confidence Ahead of Harvest Season
According to agricultural experts, the timely disbursal of PM-KISAN funds boosts rural purchasing power, enabling farmers to buy seeds, fertilizers, and essential supplies ahead of the main crop-sowing season.
Farmer speaks: “This money helps us prepare for the Kharif crop. Every rupee counts when input costs are rising,” said Suresh Yadav, a beneficiary in Prayagraj, Uttar Pradesh.
Impact and Reactions
- Positive Market Impact: Analysts report a spike in rural markets as farmer spending temporarily increases post-disbursal.
- Political Significance: With general elections drawing closer, experts suggest direct farmer support schemes like PM-KISAN could play a key role in voter sentiment.
How to Check Your PM-KISAN Status
Farmers are encouraged to check their payment status and eligibility on the official PM-KISAN portal.
If any issues are faced, they can seek help at local Common Service Centres (CSCs) or the helpline: 155261.
What’s New in the 2025 Instalment?
- Increased Budget: This year’s outlay of ₹20,500 crore is the largest single instalment since the scheme began.
- Digital Inclusion: The government has improved the KYC (Know Your Customer) process, making it easier for new farmers to join the scheme.
- Grievance Redressal: Regional support teams have been set up for quick resolution of payment issues.
Expert Opinions
Dr. Ritu Singh, Agriculture Economist:
“PM-KISAN not only aids farmers but also pumps liquidity into rural India, supporting allied trades and contributing to national growth.”
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