What's Happening?
Prime Minister Narendra Modi's release of the 20th installment of the PM-Kisan Samman Nidhi Yojana has been met with praise from farmers across India. The scheme, which transferred Rs 20,500 crore directly to the bank accounts of over 9.7 crore farmers, is seen as a crucial support for managing farming expenses. Farmers from various regions expressed gratitude for the timely financial aid, which helps cover costs for seeds, fertilizers, and irrigation. Agriculture Minister Shyam Singh Rana highlighted the scheme's importance for small landholders and emphasized India's commitment to self-reliance and economic growth under Modi's leadership.
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Why It's Important?
The PM-Kisan scheme is a cornerstone of the Indian government's efforts to support the agricultural sector, which is vital for the country's economy and food security. By providing direct financial assistance, the scheme helps farmers manage their expenses and invest in their farms, thereby increasing productivity and sustainability. The initiative also aligns with broader economic goals, such as promoting self-reliance and boosting domestic production. As India aims to become a major global economic player, supporting its agricultural base is essential for achieving long-term growth and stability.
