New Delhi

After he took oath for a third consecutive term, Prime Minister Narendra Modi began his day in office on Monday by authorizing the release of the 17th installment of PM Kisan Nidhi. The scheme will benefit 9.3 crore farmers and distribute around Rs 20,000 crore.

"Ours is a Government fully committed to Kisan Kalyan. It is therefore fitting that the first file signed on taking charge is related to farmer welfare. We want to keep working even more for the farmers and the agriculture sector in the times to come," the Prime Minister said after signing the file at his office in South Bloc.

His previous two terms as Prime Minister have been marked by several key initiatives, including Ayushman Bharat, Pradhan Mantri Jan Dhan Yojana, Housing for All, Pradhan Mantri Shram Yogi Man Dhan Yojana, Ujjwala Yojana, PM Kisan Samman Nidhi, UDAN, and Make in India.

A meeting of the Union Cabinet is likely to be held on Monday at 5 pm.

On his arrival at his office at South Block here, he was greeted with applause by the PMO staff who lined up to greet him.

Narendra Modi took oath as Prime Minister of India for his third successive term on Sunday at a grand ceremony at the Rashtrapati Bhavan. President Droupadi Murmu administered the oath of office to Narendra Modi, followed by other members of his team of ministers.

Apart from his two terms as Prime Minister beginning in 2014, Narendra Modi also has the distinction of being the longest-serving Chief Minister of Gujarat, with his term spanning from October 2001 to May 2014.

Several leaders and State heads of neighborhood region and Indian Ocean region were invited to PM Modi's swearing-in ceremony as distinguished guests, a testament to India's 'Neighbourhood First' policy.'