Price range 2025: Finance Minister Nirmala Sitharaman will current the final funds for the monetary yr 2025-26 on 1 February 2025. Throughout this time, the suggestions of the Standing Committee of Parliament to extend the quantity given to farmers beneath PM Kisan Samman Nidhi Yojana could also be authorised.
Chance of accelerating the quantity of PM Kisan Yojana
Presently, beneath the Pradhan Mantri Kisan Samman Nidhi Yojana, farmers are given Rs 6,000 yearly. Nevertheless, now it has been really helpful to extend this quantity to Rs 12,000. The Parliamentary Standing Committee beneath the chairmanship of Charanjit Singh Channi has really helpful the Agriculture Ministry to implement this proposal.
Origin and goals of the scheme
The target of this scheme, launched in 2019, is to supply monetary help to farmers in buying fertilizers and seeds throughout farming. Until now lakhs of farmers have gotten the good thing about this scheme. If this proposal is authorised, then farmers can get Rs 12,000 yearly from the subsequent monetary yr.
Additionally Learn: PM Kisan Samman Nidhi Yojana: When will the nineteenth installment be paid? Know the date, course of and all updates right here
standing committee report
On 17 December 2024, the Standing Committee within the Lok Sabha offered the Demand for Grants report for the Ministry of Agriculture and Farmers Welfare. On this, it was really helpful to double the quantity of Prime Minister Kisan Samman Nidhi Yojana. Even earlier than this there was a requirement to broaden this scheme.
Rs 3.45 lakh crore launched up to now
Underneath the scheme, Rs 6,000 is transferred on to the financial institution accounts of farmers yearly in three installments. Until now the Central Authorities has offered Rs 3.45 lakh crore to the farmers beneath this scheme.
Approval could also be given within the funds
Contemplating this demand of the Standing Committee of Parliament, the Finance Minister can approve it within the Price range 2025. If this step is taken, it’s going to show to be an enormous aid for small and center class farmers.
Be aware: The ultimate choice for implementation of this proposal will likely be taken in the course of the funds session
Additionally Learn: Sukanya Samriddhi Yojana: Begin your journey with ₹ 250, make your daughter's future vivid with tax exemption.
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