What's Happening?
The Indian government has released the 21st instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, focusing on farmers in Himachal Pradesh, Punjab, and Uttarakhand affected by recent floods. Union Agriculture Minister Shivraj Singh Chouhan announced the transfer of over ₹540 crore directly into the bank accounts of more than 2.7 million farmers, including 270,000 women farmers. This financial support aims to provide immediate relief, helping farmers meet essential expenses and procure seeds and fertilizers for the upcoming cropping season. The instalment follows earlier relief measures announced by Prime Minister Narendra Modi, including substantial financial aid packages for the affected states.
Why It's Important?
The PM-KISAN scheme plays a crucial role in supporting Indian farmers, especially during times of natural disasters. The financial assistance helps cushion farming families against economic pressures, ensuring they can continue agricultural activities despite adverse conditions. The government's proactive approach in providing relief underscores its commitment to the agricultural sector, which is vital for India's economy and food security. The scheme's continued support is essential for maintaining the livelihoods of millions of farmers and stabilizing rural economies.
