Current Affairs·Schemes·medium
PM Modi Releases 17th PM-KISAN Instalment Worth ₹20,000 Crore
Prime Minister Narendra Modi released the 17th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme from Varanasi, Uttar Pradesh. The release marked one of the first major decisions of the new government. An amount exceeding ₹20,000 crore was directly transferred into the bank accounts of more than 9.26 crore eligible farmer families across the country. Under this central sector scheme, each beneficiary receives ₹2,000, part of the annual financial benefit of ₹6,000 provided in three equal instalments to augment farmers' income and meet agricultural needs. Key points:
Key points
- 17th instalment saw over ₹20,000 crore disbursed to more than 9.26 crore farmer families.
- PM-KISAN provides an annual income support of ₹6,000 in three equal instalments of ₹2,000 each.
- It is a Central Sector Scheme with 100% funding from the Government of India, launched in February 2019.
- The scheme aims to supplement the financial needs of all land-holding farmer families, subject to certain exclusion criteria.
- The fund is directly transferred to the bank accounts of the beneficiaries via Direct Benefit Transfer (DBT).
- At the same event, the PM also granted certificates to over 30,000 women from Self Help Groups (SHGs) as 'Krishi Sakhis'. Why it matters: Direct Benefit Transfer (DBT) schemes are a core topic in Governance and Economy. PM-KISAN is a flagship example often cited in mains answers.
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Posted 27 June 2026. More daily posts →