PM Modi to release 22nd instalment of PM-KISAN

¨     On 13 March, the 22nd installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme released by Prime Minister Narendra Modi during a programme organised in Guwahati, Assam.

¨     Through this installment, direct financial assistance amounting to ₹18,640 crore will be transferred to the bank accounts of 9.32 crore farmers across the country through Direct Benefit Transfer (DBT).

¨     The upcoming transfer was announced by Union Minister of Agriculture and Farmers’ Welfare and Rural Development, Shivraj Singh Chouhan, while addressing journalists in New Delhi.

¨     Under the PM-Kisan scheme, more than ₹4,09,000 crore has already been distributed directly to farmers so far, providing substantial financial support to the agricultural community.

¨     The minister stated that over 2.15 crore women farmers are also among the beneficiaries of the scheme, strengthening women’s participation in agriculture.

¨     According to studies, direct financial support under PM-Kisan has increased agricultural investment and reduced farmers’ dependence on private moneylenders, thereby strengthening the rural economy.

¨     The minister highlighted that India has emerged as the world’s largest producer of rice with about 150 million tonnes of production, surpassing China in this sector.

¨     The country’s total food grain production has increased from 252 million tonnes in 2014 to around 357 million tonnes at present, reflecting strong growth in agricultural output.

¨     Fruit and vegetable production has also increased significantly from 277 million tonnes to around 369 million tonnes, demonstrating expansion in the horticulture sector.