Prime Minister Narendra Modi made a significant announcement in Coimbatore, Tamil Nadu, releasing a massive financial package of ₹18,000 crore under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. This substantial release marks a crucial moment in the government's ongoing commitment to supporting India's agricultural community.
Massive Financial Support for Farmers
The Prime Minister, during his address in Coimbatore, emphasized that this financial infusion would directly benefit approximately 9 crore farmers across the nation. The PM-KISAN scheme, which provides financial assistance to landholding farmer families, has been a cornerstone of the government's agricultural support initiatives.
The event took place in Tamil Nadu's industrial hub of Coimbatore, where the Prime Minister interacted with beneficiaries and highlighted the scheme's transformative impact on rural economies. This release represents the 14th installment under the PM-KISAN program, demonstrating the consistent implementation of the welfare scheme since its inception.
Strengthening Agricultural Infrastructure
Beyond the direct financial transfer, the Prime Minister outlined the broader vision for agricultural development in India. The government has been working systematically to enhance the entire agricultural ecosystem, from production to market access.
The ₹18,000 crore release comes at a critical time when farmers across various states are preparing for the upcoming sowing season. This financial support enables farmers to invest in quality seeds, fertilizers, and modern farming equipment, thereby potentially increasing agricultural productivity.
Digital Transformation in Agriculture
Prime Minister Modi highlighted how technology has revolutionized the implementation of such massive welfare schemes. The direct benefit transfer system ensures that funds reach the intended beneficiaries without intermediaries or delays.
The seamless digital infrastructure has been instrumental in the successful execution of the PM-KISAN scheme, with farmers receiving installments directly into their bank accounts. This approach has significantly reduced leakage and improved transparency in the distribution process.
The event in Coimbatore also served as a platform to acknowledge the contributions of Tamil Nadu's farming community to the nation's food security. The state has been a significant beneficiary of various central government schemes aimed at agricultural development and rural prosperity.
This latest financial release under PM-KISAN reinforces the government's commitment to doubling farmers' income and ensuring sustainable agricultural practices across the country. The scheme continues to play a vital role in providing economic security to millions of farming families while strengthening the agricultural backbone of the Indian economy.
