Sunday, November 3, 2024
HomeGovernment and PolicyPM Modi releases ninth installment of financial benefit under PM-KISAN: Here is everything he...

PM Modi releases ninth installment of financial benefit under PM-KISAN: Here is everything he said

PM Modi said that during the Kharif and Rabi seasons in recent times, the Government had made the biggest ever purchase from the farmers at Minimum Selling Price (MSP). The money was transferred directly to the farmers' accounts via Direct Benefit Transfer (DBT).

On August 9, Prime Minister Narendra Modi released the ninth installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) via video conferencing. PM Modi interacted with the beneficiaries of PM-KISAN during the event. A total of Rs.19,500 crores were transferred to 9.75 crores beneficiary farmer families.

While addressing the gathering, PM Modi talked about the sowing season and hoped that the amount farmers would receive under the ninth instalment of PM-KISAN will help them. He added that the scheme of Kisan Infrastructure Fund with Rs.1 lakh crores corpus also completed its one year. The initiatives like Mission Honey-Bee has helped hundreds of thousands of farmers to increase their annual income. PM said that the Honey mission has resulted in the export of honey worth Rs.7 lakh crores results in additional revenue for the farmers.

While talking about the 75th Independence Day, he said that the people of India should take it as an opportunity to decide where they want to see India in the coming 25 years. He added that agriculture and farmers are going to play a vital role in determining the condition of India in 2047 when the nation 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 added. PM said that with the changing time, the agriculture in India is facing new challenges, and the sector has to take advantage of the new opportunities. He praised the farmers for record production despite the ongoing pandemic.

While outlining the steps taking by the Government to ease the hardship of the farmers, PM Modi said that the Government had ensured an uninterrupted supply of seeds, fertilizers and access to the market. While the cost of DAP was increased by several folds in the market, the Government managed to control it in the Indian market by allotting a special package of Rs.12,000 crores for the same.

Record procurement of produce

The PM said that during the Kharif and Rabi seasons in recent times, the Government had made the biggest ever purchase from the farmers at Minimum Selling Price (MSP). The money was transferred directly to the farmers’ accounts via Direct Benefit Transfer (DBT). Rs.1,70,000 crores were paid directly to rice farmers while Rs.85,000 crores were paid directly to wheat farmers.

PM praised farmers for an increase in the production of pulses

A few years ago, there was a shortage of pulses in the country. At that time, PM Modi had urged the farmers to increase the production of pulses in the country. As a result, there has been an increase of almost 50% in the production in the last six years. PM Modi praised the farmers for their achievement.

Self-reliance in edible oil

PM Modi again emphasized self-reliance in edible oil and highlighted National Edible Oil Mission-Oil Palm, i.e. NMEO-OP, as a pledge for the same. He added that the Government would invest Rs.11,000 crore in the cooking oil ecosystem to ensure India becomes self-reliant in the sector. The Government will provide better facilities and high-quality seeds to the farmers.

PM-KISAN: India among top 10 agriculture exporters

PM Modi noted the fact that for the first time in history, India has reached the list of top 10 countries of the world in terms of agriculture exports. He said that the country had set new records during the Covid-19 period. “Today, 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,” he said.

PM-KISAN: Priority on small and marginal farmers

PM Modi said that the Government is more concerned about the small farmers, and they are being given utmost priority while formulizing agriculture policies in the country. A series of programs like PM Kisan Samman Nidhi, Kisan Credit Cards, Food Parks, Kisan Rails and Infrastructure Fund has helped crores of farmers across the country. He said that the steps taken by the Government would increase the small farmer’s access to the market and his bargaining power through FPOs.

Join OpIndia's official WhatsApp channel

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Searched termsPM Modi
OpIndia Staff
OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Recently Popular

- Advertisement -