- Wednesday, February 26, 2025
By: Shubham Ghosh
INDIAN prime minister Narendra Modi on Saturday (1) said the country’s economic growth rate is more than eight per cent.
Speaking at the release of the 10th instalment of the financial benefit under the PM-KISAN scheme, a scheme funded by the Indian government to support farmers, Modi said the foreign investments, forex reserves and goods and services tax (GST) collections are also at record high levels.
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“Today the growth rate of our economy is more than 8 per cent. Record foreign investment has come to India. Old records have also been broken in the GST collection. We have also set new paradigms in the matter of exports and especially agriculture,” Modi said.
Releasing the 10th instalment under PM-KISAN scheme. https://t.co/KP8nOxD1Bb
— Narendra Modi (@narendramodi) January 1, 2022
He also said that it is time to kick off a “new vibrant journey” of the country’s resolutions in 2022, the year India will complete 75 years of independence.
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“Today, as we are entering the new year, taking inspiration from our efforts of the past year, we have to move towards new resolutions. This year we will complete 75 years of our independence. This is the time to start a new vibrant journey of the country’s resolves, to move forward with renewed vigour,” Modi said.
During the event, Modi also released an equity grant of more than rupees 14 crore to around 350 farmer producer organisations to benefit over 1.24 lakh farmers.
According to a statement from the prime minister’s office (PMO), this is in line with the Indian government’s continued commitment and resolve to empower grassroots-level farmers.
This will enable the transfer of an amount of more than rupees 20,000 crore to more than 10 crore beneficiary farmer families, the PMO said.
The PM-KISAN scheme provides a yearly financial benefit of Rs 6,000 to the eligible beneficiary farmer families, payable in three equal four-monthly instalments of Rs 2,000 each. The fund is transferred directly to the beneficiaries’ bank accounts.
Modi’s announcement also came ahead of the upcoming assembly elections in states such as Punjab, Uttar Pradesh, Uttarakhand, Goa and Manipur.
