After being sworn in as Prime Minister for the 3rd time, PM Narendra Modi signs his first file authorising release of 17th instalment of PM Kisan Nidhi. This will benefits 9.3 crore farmers and distribute around Rs 20,000 crores.
After signing the file, PM Modi said “Ours is a Government fully committed to Kisan Kalyan. It is therefore fitting that the first file signed on taking charge is related to farmer welfare. We want to keep working even more for the farmers and the agriculture sector in the times to come.”
The Indian government’s Pradhan Mantri Kisan Samman Nidhi (PMKISAN, or Prime Minister’s Farmer’s Tribute Fund) program provides farmers with a minimum income support of up to ₹6,000 (US$72) annually.
On February 1, 2019, Piyush Goyal announced the initiative during India’s 2019 Interim Union Budget. The programme began in December 2018 and has since cost ₹75,000 crore (or ₹930 billion or US$11 billion) annually.
