PM-KISAN scheme: No proposal to hike quantity underneath PM-Kisan: Narendra Singh Tomar

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There is no such thing as a proposal to extend the quantity offered to the farmers underneath the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) from the prevailing Rs 6,000 per farmer yearly, mentioned Agriculture Minister Narendra Singh Tomar on Tuesday in response to query in Lok Sabha.

“At current, there isn’t a proposal to additional improve the quantity of PM-KISAN from Rs 6,000,” Tomar mentioned in a written reply to the Lok Sabha.

At a time when the federal government has to face voters, a big portion of whom rely upon agriculture, within the common election, there have been murmurs of the federal government growing the quantity.

Underneath the PM-KISAN, an quantity of Rs 6,000 per 12 months is transferred in three four-monthly instalments of Rs 2,000 every immediately into the financial institution accounts of the farmers. The price of the scheme, which began in 2018, is borne by the centeral authorities.

Up to now, the Centre has disbursed over Rs 2.81 lakh crore in 15 instalments, benefiting greater than 11 crore farmers, Tomar mentioned.

This is likely one of the largest Direct Profit Switch (DBT) schemes run world wide, mentioned the minister. The fifteenth installment of PM Kisan was launched in November and the following one is anticipated in January.

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