In a significant move to support the agricultural community, Prime Minister Narendra Modi has announced a New Year gift for farmers by facilitating a direct transfer of Rs. 10,000 into their accounts. This decision comes as part of the ongoing efforts by the central government to enhance the welfare of farmers through various initiatives.
The PM Kisan Yojana, launched in 2019, was designed to strengthen the financial foundation of farmers by providing annual crop assistance. Currently, eligible farmers receive Rs. 6,000 per year, disbursed in three installments. The program has garnered considerable acclaim for its impact on rural livelihoods.
The government is exploring the possibility of increasing this annual assistance from Rs. 6,000 to Rs. 10,000, a move widely anticipated to be announced in the upcoming Union Budget on February 1, 2025. Discussions among the public suggest that this increase will further empower farmers as they navigate agricultural challenges.
Under the existing structure of the PM Kisan Yojana, the central government deposits Rs. 2,000 for each installment. These payments occur in the months of April, July, August, November, December, and March, totaling 18 installments disbursed thus far. Farmers are eagerly awaiting the release of the 19th installment, expected in February 2025.
Meanwhile, PM Modi described 2024 as a year of remarkable achievements, with India making substantial progress in multiple domains. The year witnessed unprecedented developments across rural electrification, financial inclusion, digital connectivity, and gender equality.
Modi expressed pride in the unity and resilience shown by the nation, highlighting how India’s policies and initiatives have steadily transformed the country, especially in bridging the urban-rural divide.
Looking ahead to 2025, PM Modi reiterated his commitment to working even harder to make India a “Viksit Bharat” (Developed India). The year 2024, he said, has been a testament to the collective efforts of all Indians, and the nation is now poised to take even greater strides toward its vision of becoming a developed nation by 2047.
