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Namo Shetkari Mahasanman Nidhi Yojana: PM Modi Releases an Additional Rs 2,000 crore to Maharashtra Farmers

The dual benefits released under the PM-KISAN scheme and the Namo Shetkari Mahasanman Nidhi Yojana underline the government’s commitment to providing direct financial assistance to farmers, thereby improving their livelihoods and supporting India’s agricultural growth.

KJ Staff
Prime Minister Narendra Modi releasing installments of PM Kisan & Namo Shetkari Mahasanman Nidhi Yojana in Washim, Maharashtra
Prime Minister Narendra Modi releasing installments of PM Kisan & Namo Shetkari Mahasanman Nidhi Yojana in Washim, Maharashtra

On October 05, 2024, Prime Minister Narendra Modi released the 18th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, directly benefiting over 9.4 crore farmers across India. In a key highlight of the event, the Prime Minister also announced an additional Rs 2,000 crore benefit to the farmers of Maharashtra under the 5th installment of the Namo Shetkari Mahasanman Nidhi Yojana (NSMNY). About 90 lakh farmers from Maharashtra have been handed financial assistance of approximately Rs 1900 crore under NSMNY. This initiative aims to further empower the farming community by providing financial support to bolster their agricultural productivity and infrastructure.

The event also saw the dedication of several completed projects under the Agriculture Infrastructure Fund (AIF), a critical initiative focused on enhancing post-harvest management and agricultural infrastructure. Over 10,066 projects have been sanctioned under AIF nationwide, with more than 7,516 projects already completed, strengthening the agricultural value chain and ensuring better storage, processing, and marketing facilities for farmers.

During the program, the government’s efforts under the Central Sector Scheme (CSS) to promote 10,000 Farmer Producer Organizations (FPOs) were also emphasized. As of now, around 9,200 FPOs have been established, benefitting 24 lakh farmers, including women and marginalized communities. These FPOs have collectively achieved an annual turnover of over Rs 1,300 crore, further enhancing the resilience and sustainability of Indian agriculture.

About Namo Shetkari Mahasanman Nidhi Yojana

Under the Namo Shetkari Mahasanman Nidhi Yojana (NSMNY), annual financial assistance of Rs. 6,000 will be provided to eligible Maharashtra farmers in three equal installments. A Government Resolution (No. Kisani-2023/CR 42/11 A), dated June 15, 2023, was issued to formalize the scheme.

More on this:
  • What is Namo Shetkari Mahasanman Nidhi Yojana?

    The Namo Shetkari Mahasanman Nidhi Yojana (NSMNY) is a state government scheme for farmers implemented in Maharashtra, India, aimed at providing financial assistance. It is part of the larger Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, which provides a minimum income support of Rs. 6,000 per year to small and marginal farmers.

  • What are the Steps to Check the Status of Namo Shetkari Yojana?

    Beneficiary farmers can check the status of their payment at nsmny.mahait.org by following the below steps:

    1. First, go to the Namo Shetkari Yojana website. 
    2. Beneficiary Status: Select the "Beneficiary Status" option from the homepage by clicking on it.
  • Who is Eligible for Namo Shetkari Mahasanman Nidhi Yojana?

    The Farmer should be a Permanent Resident of Maharashtra and should have registered in the Pradhan Mantri Kisan Samman Nidhi Yojana with Cultivable Agricultural Land.

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