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8th Shetkari Mahasanman Nidhi Instalment Next Week: Maha Minister
(MENAFN- IANS) Mumbai, March 18 (IANS) Maharashtra Agriculture Minister Dattatray Bharne announced on Tuesday that the 8th installment of the Namo Shetkari Mahasanman Nidhi Yojana will be directly deposited into farmers’ bank accounts next week.
The government has issued a resolution regarding this, and an allocation of Rs 1,774 crore has been approved for the installment.
He stated that approximately 90.34 lakh eligible farmers across the state will benefit from this decision.
Bharne mentioned that Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, and Deputy Chief Minister Sunetra Pawar have taken special interest in ensuring the necessary funds are available for the 8th installment.
The Namo Shetkari Mahasanman Nidhi Yojana was launched by the state government following the Central Government’s PM-Kisan Samman Nidhi Yojana. Its main goal is to provide direct financial assistance to help reduce rising farming costs and increase farmers’ income.
Farmers in the state receive Rs 6,000 annually through PM-Kisan (Central) and another Rs 6,000 through the Namo Shetkari scheme (State), totaling Rs 12,000 per year.
While the approved amount for this installment is Rs 1,774 crore, the actual disbursement to farmers will total Rs 1,820 crore, the minister said.
Seven installments have been distributed so far under the scheme. The 8th installment covers the period from August 2025 to November 2025.
Following the distribution of the 22nd installment of the PM-Kisan scheme by the Central Government on March 13, 2026, the state government acted quickly to expedite the Namo Shetkari installment, Bharne stated.
He emphasized that the scheme is being effectively implemented to increase farmers’ income, reduce production costs, and make agriculture more resilient.
“After the success of the first seven installments, this eighth one will provide significant relief and strengthen the rural economy,” he said.
The government resolution stated that paying the 8th installment is expected to provide direct financial support to help farmers cover agricultural expenses, thereby boosting the rural economy and making farming more sustainable.