PM Modi’s Third Term: A Strong Start with a Focus on Farmer Welfare
As Prime Minister Narendra Modi embarks on his historic third term, his first significant action is the disbursement of funds under the PM Kisan Nidhi scheme. This decision reflects the government’s commitment to supporting farmers, a crucial segment of India’s population.
First Decision of Modi 3.0
On June 10, 2024, Prime Minister Narendra Modi signed the first file of his third term, approving the release of the 17th installment of the PM Kisan Nidhi funds. This move will benefit approximately 9.3 crore farmers across the country, with a total disbursement of around Rs 20,000 crore.
Commitment to Farmer Welfare
In his statement following the signing, PM Modi emphasized the government’s dedication to the well-being of farmers. He stated, “Ours is a government fully committed to Kisan Kalyan (farmer welfare). It is therefore fitting that the first file signed on taking charge is related to farmer welfare. We want to keep working even more for the farmers and the agriculture sector in the times to come.”
Background and Significance
This decision is particularly significant as it follows a tumultuous period in Modi’s second term, which was marked by massive farmers’ protests over three controversial farm laws. Although the laws were eventually repealed, some farmers’ unions remain dissatisfied with the government’s promises regarding Minimum Support Price (MSP) and other issues.
PM Kisan Nidhi Scheme
The PM Kisan Samman Nidhi (PM-KISAN) scheme is a government initiative that provides income support to farmers. Under this scheme, eligible farmers receive financial assistance of Rs 6,000 per year, paid in three equal installments. The recent approval of the 17th installment highlights the ongoing support and commitment to enhancing farmers’ financial stability.
Strategic Timing and Political Implications
Addressing Farmers’ Concerns
The timing of this decision is strategic, aiming to reassure the farming community of the government’s support. By prioritizing the release of PM Kisan Nidhi funds, PM Modi’s administration signals its intent to address farmers’ concerns and strengthen their trust in the government.
Political Landscape
Narendra Modi’s BJP, while falling short of an outright majority in the recent Lok Sabha elections, secured power through its National Democratic Alliance (NDA) coalition. This third term presents new challenges, as the government must navigate coalition politics and maintain the support of its allies.
Future Outlook
The first cabinet meeting of Modi 3.0 is scheduled for later today at the Prime Minister’s residence, 7 Lok Kalyan Marg. The allocation of ministerial portfolios will be closely watched, as it will shape the direction and priorities of the new government.