₹22,700 cr to be deposited into farmers’ accounts: Shivraj Chouhan
In a significant move to support the country’s agricultural sector, the Prime Minister, Narendra Modi, is set to deposit a massive amount of ₹22,700 crore into the accounts of 9 crore 80 lakh farmers across the country. This announcement was made by Union Minister Shivraj Singh Chouhan, who spoke to reporters recently.
As per Chouhan, the Prime Minister’s visit to Bihar tomorrow will mark the occasion when he will deposit the Kisan Samman Nidhi funds into the accounts of the farmers with a single click. This move is expected to provide a much-needed boost to the farming community, which has been facing several challenges in recent times.
The Kisan Samman Nidhi (KSN) scheme was launched by the government to provide financial assistance to farmers. Under this scheme, farmers are provided with a one-time payment of ₹6,000 per annum, which is directly credited into their bank accounts. The scheme aims to support small and marginal farmers, who are the backbone of India’s agricultural sector.
The decision to deposit the funds into the farmers’ accounts is part of the government’s efforts to strengthen the agricultural sector and ensure the well-being of the farming community. The government has been taking several initiatives to improve the lives of farmers, including increasing the minimum support price (MSP) for crops, providing insurance coverage, and promoting organic farming.
The Kisan Samman Nidhi scheme has been a game-changer for many farmers in the country. The scheme has not only provided financial assistance to farmers but has also helped to reduce their financial burden. Many farmers have used the funds to improve their agricultural practices, invest in new technologies, and diversify their crops.
The scheme has also helped to reduce the distress sale of crops, which was a common problem faced by farmers earlier. With the financial assistance provided by the Kisan Samman Nidhi scheme, farmers are now able to sell their crops at a better price, which has helped to increase their income.
The move to deposit the funds into the farmers’ accounts is also expected to provide a much-needed boost to the rural economy. The rural economy has been facing several challenges in recent times, including low agricultural growth, lack of employment opportunities, and inadequate infrastructure. The deposit of funds into the farmers’ accounts is expected to provide a much-needed injection of cash into the rural economy, which will help to create employment opportunities and stimulate economic growth.
In conclusion, the decision to deposit ₹22,700 crore into the accounts of 9 crore 80 lakh farmers is a significant move by the government to support the agricultural sector and the farming community. The Kisan Samman Nidhi scheme has been a game-changer for many farmers in the country, and the deposit of funds into their accounts is expected to provide a much-needed boost to their lives. The scheme is a testament to the government’s commitment to the welfare of farmers and the agricultural sector, and it is expected to have a positive impact on the rural economy.
