PM Kisan 17th installment: Prime Minister Narendra Modi released the 16th installment of the PM KISAN scheme on February 28, 2024 to all eligible farmers. Under the PM-KISAN initiative, qualifying farmers get Rs 2,000 every four months, totaling Rs 6,000 per year. Check when the next installment is due.
India News: Prime Minister Narendra Modi transferred over Rs 21,000 crore directly to the bank accounts of more than 9 crore landholder farmers under the PM-Kisan scheme. The scheme provides financial assistance of Rs 6,000 per year to landholder farmers' families.
With Prime Minister Narendra Modi releasing the 16th instalment, the scheme benefitted more than 11 crore eligible farmer families with Rs 3 lakh crores disbursed till date
The Indian government will release the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana (Scheme) 16th instalment on February 28, 2024, according to the PM Kisan website.
As per the official announcement on the PM Kisan website, the date for the release of the scheme s 16th instalment is confirmed to be set for February 28 this year.
The Modi government has significantly increased institutional credit in the agriculture sector, with banks disbursing Rs 20.39 lakh crore. The government implements an interest subvention scheme for short-term crop loans and provides income support to farmers through the PM-KISAN scheme. The government has spent Rs 18.
Farmers protest: Hours before farmers resume their march to Delhi, sources in the Centre have said that the Narendra Modi government has taken several pro-farmer steps during its 10 years in power, including a hike in budget allocation.
The Minimum Support Price (MSP) system in India is fundamental in providing price support to farmers for their agricultural produce, thereby ensuring remunerative prices and income security. The Commission for Agricultural Costs and Prices (CACP) is tasked with recommending MSPs for various crops, taking into account factors such as production cost, demand-supply dynamics, market prices, and other relevant considerations.
Agriculture Minister Arjun Munda said in a written reply to Lok Sabha said that there is No proposal is under consideration to increase PM KISAN amount to Rs 8,000-12,000 per year.