Budget 2025: Farmers have high expectations from the Union Budget to be presented on 1 February 2025. There is a strong discussion about increasing the annual installment of Rs 6,000 to Rs 10,000 under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme. This budget will be the first full budget of the third term of the Modi government, and farmers have their eyes set on possible announcements by Finance Minister Nirmala Sitharaman.
What is PM-Kisan Scheme?
Pradhan Mantri Kisan Samman Nidhi Yojana was launched on 1 December 2018. Its objective is to provide financial help to small and marginal farmers. Under the scheme, farmers are given Rs 6,000 every year in three installments. This money is transferred directly to the bank accounts of the beneficiaries. So far the government has released 18 installments under this scheme. The 19th installment is expected to be delivered in February 2025.
Why the need to increase money?
Farmers and experts believe that due to inflation and rising expenses of farming, the assistance of Rs 6,000 is not enough. By getting more amount, farmers will be able to invest better in farming. Also, this step will strengthen the rural economy. The government is also considering increasing this amount to Rs 10,000, but no concrete decision has been taken yet.
Will benefit from increased money
If there is an announcement to increase the amount of PM-Kisan scheme in Budget 2025, then it will be a big relief for lakhs of farmers. More financial assistance will help farmers in their agricultural activities and improve their economic condition.
expectations from the budget
Farmers hope that the government will fulfill their long standing demand. If the amount is increased, it will not only provide relief to the farmers, but it will also strengthen the rural economy. The announcement of this decision in Budget 2025 can bring a big change in the lives of millions of farmers.
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