Next Week Marks the Release of the 8th Namo Shetkari Mahasanman Nidhi Installment
Synopsis
Maharashtra's Agriculture Minister announces that the 8th installment of the Namo Shetkari Mahasanman Nidhi Yojana will soon be credited to farmers' accounts, benefiting over 90 lakh farmers with significant financial aid to support their agricultural needs.
Key Takeaways
8th Namo Shetkari Mahasanman Nidhi Yojana installment to be credited next week.
Rs 1,774 crore allocated for the installment.
Around 90.34 lakh farmers set to benefit.
Farmers receive a total of Rs 12,000 annually.
The scheme aims to reduce farming costs and enhance income.
Mumbai, March 18 (NationPress) Maharashtra's Agriculture Minister, Dattatray Bharne, announced on Tuesday that the 8th installment of the Namo Shetkari Mahasanman Nidhi Yojana will be directly credited to farmers' bank accounts next week.
A Government Resolution (GR) has been issued for this, approving an allocation of Rs 1,774 crore for the disbursement.
Approximately 90.34 lakh eligible farmers throughout the state stand to gain from this initiative.
Bharne noted that both Chief Minister Devendra Fadnavis and Deputy Chief Ministers Eknath Shinde and Sunetra Pawar played vital roles in securing the necessary funds for this installment.
The Namo Shetkari Mahasanman Nidhi Yojana was initiated by the State Government, mirroring the Central Government’s PM-Kisan Samman Nidhi Yojana. Its main goal is to provide direct financial support aimed at alleviating rising agricultural costs and enhancing farmers’ income.
Farmers in Maharashtra receive Rs 6,000 annually from the PM-Kisan (Central) scheme and an additional Rs 6,000 from the Namo Shetkari scheme (State), totaling Rs 12,000 each year.
Although the approved distribution amount for this installment is Rs 1,774 crore, the minister indicated that the actual disbursement to farmers will reach Rs 1,820 crore.
So far, seven installments have been distributed under this scheme. The 8th installment will cover the period from August 2025 to November 2025.
Following the Central Government's distribution of the 22nd installment of the PM-Kisan scheme on March 13, 2026, the State Government moved quickly to facilitate the Namo Shetkari installment, Bharne explained.
He emphasized that the scheme is effectively enhancing farmers’ income, lowering production costs, and making agriculture more sustainable.
“Building on the success of the first seven installments, this eighth installment will offer significant relief and reinforce the rural economy,” he stated.
The GR indicates that the decision to release the 8th installment is expected to provide direct financial assistance to help farmers manage agricultural expenses, thus boosting the rural economy and promoting sustainable farming practices.
Point of View
Reflecting a proactive approach to rural development.
NationPress
9 May 2026
Frequently Asked Questions
What is the Namo Shetkari Mahasanman Nidhi Yojana?
It is a financial assistance program launched by the Maharashtra State Government to support farmers by providing direct payments to reduce their agricultural costs.
How much financial aid will farmers receive?
Farmers will receive a total of Rs 12,000 annually, with Rs 6,000 from the PM-Kisan scheme and Rs 6,000 from the Namo Shetkari scheme.
When will the 8th installment be disbursed?
The 8th installment is scheduled to be credited to farmers' accounts next week.
How many farmers will benefit from this installment?
Approximately 90.34 lakh eligible farmers across Maharashtra are expected to benefit.
What is the total amount allocated for this installment?
The total allocation for the 8th installment is Rs 1,774 crore, with an expected disbursement of Rs 1,820 crore.
