|| Shree Mumba Devi Prasanna ||


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07 May 2024
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Policy + Research


PM releases PM-KISAN 9th installment, INR 19,500 crores transferred into 9.75 crores farmer accounts

PM releases PM-KISAN 9th installment, INR 19,500 crores transferred into 9.75 crores farmer accounts

The Prime Minister, Narendra Modi released the next installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) today through video conference.

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NEW DELHI, 10 August 2021: The Prime Minister, Narendra Modi released the next installment of  financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) today through video conference.

The Prime Minister also interacted with farmer beneficiaries during the event. This enabled the transfer of an amount of more than INR 19,500 crores to more than 9.75 crores beneficiary farmer families. It was the 9th installment of the financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).

Addressing the gathering, the Prime Minister talked of the sowing season and expressed the hope that the amount received today will help the farmers. He also mentioned that the scheme of Kisan Infrastructure Fund with INR 1 lakh crore corpus also completes one year today. 

The Prime Minister touched upon initiatives like Mission Honey-Bee and making saffron from Jammu & Kashmir in the NAFED shops. Honey mission has led to INR 700 crore export of honey resulting in extra income for farmers.

Our agriculture, farmers have a big role in determining the condition of India in 2047

Referring to the upcoming 75th Independence day, he said that apart from being an occasion for  pride  it is also an opportunity for new resolutions. We have to take this opportunity to decide where we want to see India in the coming 25 years, he said.

The Prime Minister remarked that our agriculture and our farmers have a big role in determining the condition of India in 2047, when the country completes 100 years of independence. It is time to give direction to India's agriculture to face new challenges and take advantage of new opportunities.

He called for changes in the Indian agriculture according to the demands of changing times and lauded the farmers for record production during the pandemic and outlined the government’s measures to reduce the hardships of farmers during the difficult period.

The Government ensured uninterrupted supply of seeds, fertilizers and access to markets. Urea was available throughout and when prices of DAP increased manifold in the international market, the government immediately arranged INR 12000 crore for that so that the load is not felt by the farmers.

Over INR 170,000 crore went to rice farmers, INR 85,000 crore to wheat farmers directly

The Prime Minister said the government has made the biggest ever purchase from farmers at MSP, be it Kharif or Rabi season. With this, about INR 170,000 crore have reached directly into the accounts of rice farmers and about INR 85,000 crore have gone directly into the account of wheat farmers.

The Prime Minister reminded that he urged the farmers to increase the production of pulses, when there was a shortage of pulses in the country, a few years ago. He said that as a result, there has been an increase of almost 50 percent in the production of pulses in the country in the last 6 years.

Govt to invest INR 11,000 crore in the cooking oil ecosystem

The Prime Minister highlighted National Edible Oil Mission-Oil Palm i.e. NMEO-OP as a pledge for achieving self-reliance in edible oil.

"Today, when the country is remembering the Quit India Movement, on this historic day, this resolve fills us with new energy," he said.

Adding further, PM said that through the National Edible Oil Mission-Oil Palm mission, more than INR 11,000 crore will be invested in the cooking oil ecosystem. Government will ensure that farmers get all the facilities, from quality seeds to technology.

India among top-10 countries globally in terms of agricultural exports

The Prime Minister also pointed out that for the first time, India has reached among the top-10 countries of the world in terms of agricultural exports. The country has set new records of agricultural exports during the Corona period.

When India is becoming recognized as a big agricultural exporting country, it is not right to stay dependent on imports for our needs of edible oil, PM underlined.

The Prime Minister remarked that the small farmers are now being given utmost priority in the agricultural policies of the country. With this spirit, in the last few years, serious efforts were being made to provide convenience and security to these small farmers.

Small farmers are our priority in the agricultural policies

Under PM Kisan Samman Nidhi, INR 1 lakh 60 crore has been given to farmers so far. Out which INR 1 lakh crore were transferred to small farmers during the pandemic period. More than 2 crore Kisan Credit Cards were issued during Corona persion, most of them to small farmers. Such farmers will be benefitted by the agriculture infrastructure and connectivity infrastructure that is coming up in the country.

Initiatives like Food Parks, Kisan Rails and Infrastructure Fund will help small farmers. In the year gone by, more than 6000 projects have been approved under the Infrastructure Fund. These steps increase the small farmer’s access to market and his bargaining power through FPOs, said the Prime Minister.

In his address, Agriculture Minister Narendra Singh Tomar said that the Prime  Minister has always been generous towards farmers and he is committed to doubling the income of farmers. With the direct transfer of funds under PM-KISAN, the small farmers are now out of the clutches of moneylenders. 

The Minister said that despite the COVID pandemic the Agriculture sector has produced record food grains and has done record procurement on MSP. He said the focus will now be on pulses and oilseeds.

Prime Minister Narendra Modi also interacted with farmer-beneficiaries of Goa, Maharashtra, Uttar Pradesh, Jammu & Kashmir, Uttarakhand and Manipur. 

Ministers of State for Agriculture and Farmers Welfare, Kailash Chaudhary, Ms. Shobha Karandlaje and Agriculture Secretary Sanjay Agarwal were also present on the occasion. Many Union Ministers, Chief Ministers, Lieutenant Governors, Deputy Chief Ministers, Ministers of State Governments, crores of farmers from across the country were connected virtually.


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