Will there be a big announcement for farmers in the budget? Will the fate of 10 crore farmers change? Know the update here

Aarti Yadav

Currently, many types of schemes are being run by the Government of India for farmers. The Central Government is currently running many schemes to help the farmers financially. The government wants that the farmers should not face any kind of problem.

Will there be a big announcement for farmers in the budget? Will the fate of 10 crore farmers change? Know the update here

The Prime Minister Kisan Samman Nidhi Yojana (PM Kisan Yojana), currently being run by the Modi government, is one of the most ambitious schemes in the country. Under this scheme, the government provides financial assistance of Rs 6,000 to eligible farmers every year. Crores of farmers are currently availing the benefits of PM Kisan Yojana.

Now, the full budget is going to be presented on 23 July 2024 and farmers are hopeful that this time their installments may increase. Now the question arises whether this will really happen? So let us try to find the answer to this question in this article.

Can the installment increase?

According to media reports, the government can increase the annual amount received under PM-Kisan Scheme from Rs 6 thousand to Rs 8 thousand. However, this has not been officially confirmed yet by the Central Government. So it will be known only in the coming time. But this increase will be a good news for the farmers, because it will improve their economic condition.

Will the installment structure change?

At present, under the PM-Kisan scheme, three installments of Rs 2,000 each are sent directly to the farmers' accounts by the government at an interval of every four months, but if the assistance amount increases to Rs 8,000, then there is a possibility. The number of installments can also be increased. This means that instead of three installments of Rs 2,000 each, farmers will get four installments. However, this change will also become clear only after the budget announcement.

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Which farmers get the installment?

The PM Kisan Yojana run by the government is not available to all the farmers of the country. This means that not all farmers can avail the benefits of this scheme. Some conditions have also been kept for this. According to the Central Government, only those farmers can avail the benefits of this scheme who fulfill the eligibility criteria.

What are the main eligibility criteria?

First of all, to avail the benefits of this scheme, the farmer must be a citizen of India. Apart from this, he should have at least 2 hectares of land. He should not be in any government job.

Will there be a big announcement for farmers in the budget? Will the fate of 10 crore farmers change? Know the update here

He should not be a beneficiary of any pension scheme. Not only this, if you are eligible for this scheme and have not yet received the benefit of any installment, then you can contact your area officer or apply online on the PM-Kisan portal.

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Aarti Yadav is a tech enthusiast with a background in software engineering and a passion for digital innovation. He simplifies complex tech trends, making them easy to understand for everyone.
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