PM-KISAN: No Hike in Amount, Says Agriculture Minister
Feb 06, 2024 14:54
India's Agriculture Minister confirms no plans to increase the annual financial benefit for farmers under the PM-KISAN scheme, currently at Rs 6,000 per year.

New Delhi, Feb 6 (PTI) The government on Tuesday informed Parliament that it has no proposal to increase the financial benefit to farmers under PM-KISAN scheme to Rs 8,000-12,000 per year.
There is no proposal under consideration to increase the amount even for women farmers under the scheme, Agriculture Minister Arjun Munda said in a written reply to Lok Sabha.
Launched in 2019, Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) provides eligible farmers a financial benefit of Rs 6,000 per year in three equal instalments of Rs 2,000 every four months. The fund is directly transferred to bank accounts of the beneficiaries.
"No proposal is under consideration," he said replying to question if the government plans to increase the amount to Rs 8,000-12,000 per year.
Sharing the progress made under the scheme, the minister said the government has disbursed over Rs 2.81 lakh crore to more than 11 crore farmers in 15 instalments so far.
The benefit is provided to supplement financial needs of land-holding farmers, he said.
Munda also said PM-KISAN is one of the largest Direct Benefit Transfer (DBT) schemes of the world. A farmer-centric digital infrastructure has ensured benefits of the scheme reach all farmers across the country without any involvement of the middlemen.
To a separate query, the minister said in Uttar Pradesh, 2,62,45,829 farmers have received the benefit of PM-KISAN since inception of the scheme.
As per operational guidelines of the scheme, it is responsibility of states/UTs to identify and verify eligible beneficiaries under the scheme.
Home »
Market News » PM-KISAN: No Hike in Amount, Says Agriculture Minister
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Prestige Hospitality IPO: Rs 2,700 Crore Raise...
Prestige Estates's hospitality arm, Prestige Hospitality Ventures, files for an IPO to...
Steel Industry Needs Support: Financing,...
Anant Goenka, RPG Group Vice-Chairman, highlights financing, dumping, and green...
Telcos Revenue Up 14% in Dec Quarter: Trai Data
Telecom service providers saw a 14.07% rise in gross revenue to Rs 96,390 crore in the...
Macrotech Developers Q4 Profit Surges 38% to Rs...
Macrotech Developers Ltd reported a 38% jump in Q4 profit to Rs 921.7 crore on higher...
Air India Gets GDP Certification for Cargo...
Air India has received Good Distribution Practices (GDP) certification for its cargo...
Steel Industry: India Aims for 300 Million...
India's steel secretary outlines plans to ensure quality and price stability, safeguard...
DDA Gets Rs 8,720 Crore for Civic Infra, Sports...
The Delhi Development Authority (DDA) has approved Rs 8,720 crore for FY26, focusing on...
Canara Bank, Indian Bank Cut Loan Rates: Home...
Canara Bank and Indian Bank reduce lending rates, making home and vehicle loans more...
India, South Africa Explore Local Currency...
India and South Africa discussed using local currencies for trade ''...
Navi Mumbai Airport: India's First with Water...
Maharashtra CM Fadnavis announces Navi Mumbai airport will be India's first with water...
Read More »