Government of India Transfers Rs 18,690 Crore to Farmer Families
What happened
Prime Minister Narendra Modi released the 24th installment of the Pradhan Mantri Kisan Samman Nidhi scheme in Gujarat. This transfer involved over Rs 18,690 crore, distributed directly to the bank accounts of 9.34 crore farmer families nationwide through the Direct Benefit Transfer system. Specifically, 1,06,275 beneficiary farmers in Kamrup district received financial assistance under the scheme.
From sentinelassam.com
Why it matters
The disbursement represents a significant direct financial transfer from the Government of India to rural households. This injection of capital into the agricultural sector could potentially support consumer demand and stabilize rural incomes.
From sentinelassam.com
Who's involved
- Narendra ModiPrime Minister who released the scheme installment
- Government of IndiaGovernment authority administering the scheme
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndiaSpeculative
The increased income for farmer families might boost demand for goods and services within the agricultural economy.
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The entities involved
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Narendra Modi
Prime Minister of India since 2014
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Gujarat
state of India
Related events
- The PM-KISAN scheme was rolled out in Manipur on October 30, 2026.
- Narendra Modi launched a new scheme aimed at boosting agricultural development in Gujarat.
- PM Modi's scheme provides relief in Jalna.
- The PM-KISAN scheme provides financial support to farmers in Uttarakhand.
- Narendra Modi and Shivraj Singh Chouhan jointly oversee the PM-KISAN scheme, which provides direct financial support to farmers.