Maharashtra Agriculture Minister Dattatray Bharne announced that the 8th instalment of the Namo Shetkari Mahasanman Nidhi Yojana will be directly deposited into farmers’ bank accounts next week. An allocation of Rs 1,774 crore has been approved for this instalment, benefiting around 90.34 lakh eligible farmers in the state. Chief Minister Devendra Fadnavis and other officials have ensured the availability of necessary funds for this initiative.
The Namo Shetkari Mahasanman Nidhi Yojana, modeled after the PM-Kisan Samman Nidhi Yojana, aims to provide financial assistance to reduce farming costs and enhance farmers’ income. Under this scheme, farmers in Maharashtra receive a total of Rs 12,000 per year, with Rs 6,000 each from the Central and State governments. The 8th instalment, covering August to November 2025, will see a total disbursement of Rs 1,820 crore to farmers.
The State Government has already distributed seven instalments under this scheme. Following the recent distribution of the 22nd instalment of the PM-Kisan scheme by the Central Government, Maharashtra is expediting the Namo Shetkari instalment to support farmers promptly. Minister Bharne highlighted the scheme’s success in enhancing farmers’ income, reducing production costs, and promoting agricultural resilience.
The decision to release the 8th instalment is expected to offer direct financial aid to farmers, assisting them in managing agricultural expenses and strengthening the rural economy. This move aims to make farming more sustainable and further boost the agricultural sector in Maharashtra.
