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.
The Indian government has stepped in to support its exporters amidst high tariffs imposed by the US. This includes providing assistance and facilitating access to domestic buyers for exporters. However, India may face challenges in the coming months with additional tariffs on Russian oil, impacting its export growth to the US.
After nearly four days of striking and thousands of passengers being stranded, the Canadian Union of Public Employees (CUPE) and Air Canada have reached a tentative agreement, bringing a halt to the strike. The airline plans to gradually resume flights starting Tuesday evening, but warns that it could take up to a week before operations return to normal. The deal, still to be ratified by union members, addresses key issues such as pay and hours, and is described as bringing "transformational change" for workers and the industry. Passengers are advised to only head to the airport if they have confirmed bookings.
Indian equity markets saw a positive start on Thursday, September 18, 2025 due to the US Federal Reserve's decision to cut interest rates by 25 basis points. The Sensex and Nifty indices opened with significant gains, with major tech companies like Infosys and HCL tech leading the pack. However, Bajaj Finance and other financial institutions faced some losses in the opening session. With Gift Nifty indicating a positive start and strong investments by Foreign and Domestic Institutional Investors, experts predict better market conditions in the coming days.
After nearly four days of cancelled flights and stranded passengers, Air Canada has reached a tentative agreement with the union representing its cabin crew. The company plans to resume operations gradually on Tuesday evening, but it could take a week for full service to resume. The deal, which still needs to be ratified by union members, includes "transformational change" for workers and the industry. Passengers are advised to only head to the airport if they have confirmed bookings.
The US Federal Reserve announced a 25 basis point cut in interest rates, which was widely expected by economists and investors. The decision was approved by a stronger than expected 11-1 vote, signaling unity within the central bank. The US markets reacted positively to the news, with the Dow Jones and Nasdaq trading higher. The impact of this rate cut on Indian markets is yet to be seen, but Nifty futures suggest a gap-up opening.
As VMS TMT Ltd. prepares to launch its initial public offering, the grey market premium for its mainboard issue is already showing signs of high demand. The company, which manufactures TMT Bars and deals in scrap and binding wires, is set to go public on Wednesday, September 17. With the GMP currently at Rs 23 per share, investors are estimating a potential listing gain of 23.23% per share. The company is offering 1.5 crore shares at a price band of Rs 94 to Rs 99 per share, with a minimum investment of Rs 14,850 for retail investors.
Despite President Trump's dismissal of a top Federal Reserve official, investors shrugged off concerns and pushed stocks higher. The Dow, S&P 500, and Nasdaq all finished the day in positive territory, with the Dow hitting a new record closing high. While the move to remove the official raises questions about the Fed's independence, investors are focused on upcoming economic indicators, including a report on inflation and highly anticipated earnings reports from tech giants like Nvidia. Meanwhile, the digital currency Bitcoin continues to struggle, dropping below $110,000 for the first time in two weeks.
In an effort to reduce reliance on China for key minerals used in advanced technologies, India is exploring partnership with a rebel group in Myanmar to secure rare earth samples. The Ministry of Mines has directed state-owned and private companies to collect samples from Kachin Independence Army-controlled mines and test them in domestic labs. This move comes in light of China's recent export restrictions on rare earth magnets, causing disruptions in global supply chains.
Oracle chairman Larry Ellison, who hails from the Bronx, has surpassed Tesla CEO Elon Musk as the richest person in the world with a net worth of $405 billion. This jump in wealth was reported by Barron's on Wednesday, putting Ellison ahead of Musk's net worth of $390 billion. This milestone marks a shift in the top spot amongst the world's wealthiest individuals.
The US Producer Price Index fell 0.1% in August, bucking expectations of a rise and indicating a potential slowdown in overall economic growth. The decline was driven by a slump in the cost of services, particularly within wholesalers and retailers. The news has led to a drop in Treasury yields and solidifies expectations of an interest rate cut by the Federal Reserve next week.