PM Modi releases 17th instalment of PM Kisan Samman Nidhi

Narendra Modi on Monday  took charge as Prime Minister for the third time. After assuming the charge, Modi signed the first file authorising release of 17th instalment of PM-Kisan Samman Nidhi. This will benefits nine crore 30 lakh farmers by distributing around Rs 20,000 crore. Modi said, his first decision of the new government shows commitment of government to farmer welfare. Prime Minister Modi said, his government will keep working even more for the farmers and the agriculture sector in the times to come. 
The PM-KISAN Scheme was launched in 2019 with an aim to provide income support to all landholder farmer families across the country. Under the scheme, the financial benefit of six thousand rupees per year is provided to the eligible family of farmers. The scheme is being implemented as Central Sector Scheme with 100 per cent financial support by the Central government. The amount is being transferred directly to the bank accounts of the beneficiaries, in three installments of two thousand rupees. The scheme has benefited more than 11 crore farmer families and over three lakh crore rupees has been transfered in their account till date.
The first decision by Modi 3.0 is significant, as it indicates that the government is reaching out to farmers after the Prime Minister's second term was rocked by the massive farmers' stir over the three farm laws, which were later scrapped. Some farmers' unions are still unhappy with the Centre over its unfulfilled promises on Minimum Support Price (MSP).