It is expected that a major announcement on PM Kisan may be made in the Interim Budget of the Central Government.
The central government’s interim budget presentation has created great expectations among the people. This is the last budget session during the second regime led by Prime Minister Narendra Modi. Also, this year is the first budget session of Parliament.
Finance Minister Nirmala Sitharaman will present the Interim Budget amid a tense political environment. Generally, the budget is expected to include announcements for income tax relief, REBCO interest rate, industrial development, youth skill development, infrastructure of the country and reduction in petrol and diesel prices.
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In that way, it is expected that important announcements can be made in the budget for the farmers as well. Farmers are given a subsidy of Rs 6,000 per annum by the central government through the PM Kisan scheme. This subsidy is given to the farmers in three installments per year.
About 8.5 crore farmers have benefited so far through this scheme which was launched in 2019. Around Rs 2.75 lakh crore has been disbursed into farmers’ bank accounts in 15 installments so far. In this case, reports have surfaced that the central government is planning to increase the farmers’ subsidy under the PM Kisan scheme.
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Accordingly, it is expected that an announcement for this may be made in the interim budget. Experts believe that there is a possibility of raising the stipend from Rs 6,000 to Rs 8,000. It is said that through this the farmers of the country will benefit more.
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- First Published : January 31, 2024, 9:26 pm IST
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