17th PM-KISAN Instalment:
After being re-elected for a third term, Prime Minister Narendra Modi’s first act was to approve the 17th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) plan. By giving out about Rs 20,000 crore, this new payment is expected to help about 9.3 crore farmers.
- The PM-KISAN scheme, which started in February 2019 and went into force in December 2018, is meant to help all eligible farmers’ families across India by giving them money. Each qualified farmer gets ₹6,000 a year from the program.
- This money is given to people in need in three equal payments of ₹2,000 every four months. It is sent straight to their bank accounts.
- The main purpose of the PM-Kisan plan is to help farmers get the money they need to buy farming supplies and take care of their own needs.
- The plan aims to improve the lives and potential productivity of farmers all over India by giving them direct income support.
