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Budget 2024: Will the amount of PM Kisan Samman Nidhi be increased? Discussions have intensified

laptop: indiatoday

With the Union Funds as a result of be offered on July 23, farmers throughout India could be ready for a revision within the instalment quantity of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.

Agricultural consultants have additionally intensified the demand to extend the quantity from the present ₹ 6,000 to ₹ 8,000 yearly. Beneath the PM-Kisan scheme launched to assist small and marginal farmers, at the moment ₹ 6,000 yearly is given to eligible beneficiaries in three equal installments.

PC:ABPlive

The scheme goals to make sure monetary stability for farmers and enhance rural consumption. Throughout the dialogue in April, Finance Minister Nirmala Sitharaman careworn the problem of increasing protection to all eligible farmers.

They mentioned, "From one perspective, there is a case for an increase. But we have to see how we move forward. Many small farmers are still to be brought under the ambit of PM-Kisan. At this stage, I cannot say whether it will be increased or not."

PC: ABPLive

Earlier in January, CNBC-TV18 had reported that the federal government was contemplating rising the per farmer allocation underneath PM-KISAN from ₹6,000 to ₹8,000 yearly.

It needs to be famous that Prime Minister Narendra Modi launched the seventeenth installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN Nidhi) scheme in June. Within the seventeenth installment, an quantity of greater than ₹20,000 crore was transferred to the financial institution accounts of the beneficiaries.

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