A day after he took oath as the Prime Minister of India for the third term, PM Narendra Modi on Monday signed his first file authorising the release of 17th installment of the ’PM Kisan Nidhi’ funds amounting to nearly Rs 20,000 crore, which will benefit around 9.3 crore farmers.
PM Modi was sworn in as prime minister on Sunday for a record-equalling third term, heading a 72-member Union Council of Ministers.
“Ours is a government fully committed to ’kisan kalyan’ (farmers’ welfare). It is, therefore, fitting that the first file signed on taking charge is related to it. We want to keep working even more for farmers and the agriculture sector in the times to come,” PTI quoted PM Modi as saying.
The decision signifies the government’s commitment to farmers’ welfare following the ruling National Democratic Alliance’s poll win, albeit with some setback, especially in parts of rural India.
Meanwhile, according to an NDTV report, the first meeting of the new cabinet is expected to be held today evening at the Prime Minister’s residence at Lok Kalyan Marg. The allocation of ministerial portfolios is anticipated shortly thereafter.
With inputs from agencies
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WATCH: PM Modi assumes office, releases ‘Kisan Nidhi’ funds in first decision of third term
