Prime Minister Narendra Modi marked his first official act after re-election by releasing the 17th installment of the PM-Kisan Nidhi scheme on June 10, 2024. This move is expected to benefit 9.3 crore farmers and distribute approximately Rs 20,000 crores. The government has allocated a budget of Rs 1.27 lakh crore for the Ministry of Agriculture for the fiscal year 2024-25, indicating their commitment to farmer welfare. Farmers must complete their e-KYC to receive the instalments, which can be done online or through Common Service Centres. Stay updated on all agriculture news and developments by downloading the Krishi Jagran Mobile App.
PM Kisan Nidhi: Empowering Indian Farmers
The Pradhan Mantri Kisan Samman Nidhi (PM Kisan Nidhi) scheme, launched in 2019, is a flagship program by the Indian government aimed at providing financial assistance to eligible farmers. Under the scheme, farmers receive an annual income support of Rs. 6,000, disbursed in three equal installments of Rs. 2,000 each.
Background
Indian agriculture faces several challenges, including small landholdings, fragmented land ownership, and volatile agricultural prices. These factors hinder farmers' ability to invest in their farms and improve productivity. PM Kisan Nidhi aims to address these challenges by providing a stable source of income to farmers, enabling them to meet their cultivation costs and household expenses.
Eligibility Criteria
To be eligible for PM Kisan Nidhi, farmers must meet the following criteria:
Benefits of the Scheme
PM Kisan Nidhi has numerous benefits for eligible farmers, including:
Top 5 FAQs
1. When was the first installment of PM Kisan Nidhi released? A: The first installment was released on February 24, 2019.
2. Who is eligible for PM Kisan Nidhi? A: Small and marginal farmers who own less than 2 hectares of land and have their Aadhaar number linked to their bank account.
3. How often is the installment paid? A: The installment is paid in three equal installments of Rs. 2,000 each, every four months.
4. How can farmers receive the installment? A: The installment is directly credited to the farmers' bank account linked to their Aadhaar number.
5. What is the duration of the PM Kisan Nidhi scheme? A: The scheme is an ongoing initiative, with no specified end date.
Conclusion
PM Kisan Nidhi is a transformative scheme that has significantly improved the lives of millions of farmers across India. By providing financial assistance and empowering them with resources, the scheme has played a crucial role in boosting agricultural productivity, reducing poverty, and enhancing the overall well-being of farmers.
Indian pharmaceutical company, Biochemix Health Care Pvt. Ltd. (Novamed), announced a new partnership with Indian Drug Manufacturers, creating new opportunities for their business and expanding their reach in the Indian market. This partnership comes at a time when the healthcare industry is ever-evolving, and such collaborations will pave the way for advancements in medical treatments in India.
JTL Industries announced that its board has approved a proposal to split the company's equity shares, making them more affordable and accessible to small investors. The stock closed 0.42% lower on Thursday, with a market cap of Rs 4,437.98 crore. The division of shares is expected to be completed within two months, with the aim of increasing liquidity in the capital market. This is the second stock split for the company, which has seen a phenomenal rally of 88% in the last two years and a whopping 2773% in the last five years.
Prime Minister Narendra Modi released the 18th installment of PM Kisan Yojana during his visit to Maharashtra, with more than 9.4 crore farmers benefiting from over Rs 20,000 crore. This brings the total amount disbursed through the PM Kisan scheme to nearly Rs 32,000 crore for 1.20 crore farmers in Maharashtra alone. Additionally, the Prime Minister also announced the release of nearly Rs 2,000 crore for Maharashtra's farmers under the Namo Shetkari Mahasanman Nidhi Yojana. Farmers facing issues with the scheme can contact the PM Kisan helpline numbers for assistance, while staying updated on the latest business and stock market news on Zee Business's social media platforms and website.
Nissan Motor India introduces updated version of its compact SUV, the Magnite, in the Indian market with visual and interior enhancements. The prices, starting at Rs. 5.99 lakh, are valid for the first 10,000 customers and deliveries have already begun. The new Magnite features a more prominent front grille, revised bumper, new LED DRLs, new variant names, and refreshed interior design with ambient lighting and two-tone leatherette seats.
The highly anticipated Nissan Magnite facelift is set to launch in India with improved powertrain options and features. The entry-level XE and XL trim levels will not be affected by the changes, allowing for a lower starting price point. Early buyers of the facelifted model may receive delivery just one day after its launch. Additionally, the Magnite Geza Edition, with its turbo-CVT variant, offers a breath of fresh air to the lineup. With an introductory price of Rs 6.5 lakh, the Magnite AMT is India's most affordable automatic SUV, making it a popular choice among budget-conscious buyers.
A couple in Kanpur is accused of scamming people of over Rs 35 crore by promising to use an "Israel-made time machine" to make their skin look younger. The couple ran a therapy center called 'Revival World' and convinced people that the polluted air in the city was causing them to age faster. They charged Rs 90,000 for the "oxygen therapy" which they claimed could make a 60-year-old look like a 25-year-old. The shocking scam came to light after three individuals who were duped by the couple filed complaints with the Kanpur Police.
Despite attempting to absolve themselves of legal responsibility for child safety infractions by merging Twitter into X, Elon Musk's company is still facing a $400,000 fine for failure to comply with an investigation into the proliferation of child sexual abuse material on its platform. The presiding judge rejected X's argument that they had no obligation to respond to the notice, stating that under Nevada law, the merger turned Twitter into a "constituent entity" and transferred all of its liabilities to X. The judge also called out the company's expert witness for providing "superficial" and flawed testimony in an attempt to defend X's actions.
The International Olympic Committee has suffered a major blow as three of its Japanese sponsors – Toyota, Panasonic, and Bridgestone – have decided to not renew their contracts. This is believed to be a result of the controversies surrounding the postponed 2020 Tokyo Games, including fan bans, high costs, and corruption scandals. The IOC will now be looking to secure new sponsorship income from the Middle East and India, as it faces the loss of over $2 billion from these three companies alone.
Indian Bank has recently released the admit card for the online exam for the post of Local Bank Officer (LBO) on their official website indianbank.in. Candidates can now download their admit cards by following a few steps and entering their registration number and date of birth. This update is crucial for aspiring candidates looking for latest government jobs and exam preparation materials, which are available on the Jagran Josh Sarkari Naukri App.
Canara Bank, one of India's leading public sector banks, is seeking qualified candidates for the positions of Company Secretary (CS) in Middle Management Grade and Scale III. The bank has announced a total of six vacancies for this role, three in Middle Management Grade MMGS II and three in Scale III. Eligible candidates can apply online through the official website before October 20, 2024.