PM Modi to release Rs 19,000 crore under PM-KISAN and inaugurate Bharat Parv in Kevadia
⟶ Prime Minister Narendra Modi will release the 16th installment of financial assistance under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. The amount to be disbursed is ₹19,000 crore, benefiting millions of farmers across India. He will also inaugurate Bharat Parv, a festival celebrating the spirit of India, in Kevadia, Gujarat.
Background
The PM-KISAN scheme is a central sector scheme with a budget of ₹60,000 crore annually, providing income support to all landholding farmer families. Under the scheme, eligible farmers receive ₹6,000 per year in three equal installments. Bharat Parv is an annual event typically held around Republic Day to showcase the country's cultural diversity and achievements.
Why it matters
The release of funds under PM-KISAN aims to provide direct financial support to farmers, aiding them in meeting their agricultural and other expenses. The inauguration of Bharat Parv seeks to foster national pride and unity by highlighting India's rich heritage and progress. These events demonstrate the government's commitment to rural development and cultural promotion.
Possible impact
The disbursement of funds is expected to boost rural consumption and support the agricultural economy. The Bharat Parv inauguration could stimulate tourism and local economies in Kevadia and surrounding areas. These actions are likely to be viewed positively by the farming community and contribute to the government's image in rural and cultural spheres.