The Ministry of Agriculture and Family Welfare on Tuesday, January 6, told Parliament that there is no proposal under consideration to enhance the allocation under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana (scheme) from ₹6000 per year to ₹8000 annually.
The PM-KISAN scheme is a central sector scheme that provides income support to all landholding farmers' families in the country. The government is likely to release the 16th instalment of the PM-KISAN scheme between February 2024 and March 2024. However, there is no official announcement regarding this.
The Centre had released the 15th instalment of the scheme on November 15, 2023.
Finance Minister Nirmala Sitharaman has earmarked ₹60,000 crore in the Budget 2024-25 for the PM-KISAN Yojana. The scheme was implemented in December 2018.
As per the scheme, an income support of ₹6,000 is provided to the families of land-holding farmers every year in three equal instalments of ₹2,000. The PM-KISAN Yojana defines a farmer family as a husband, wife and minor children. The state governments as well as UT administrations have been mandated to identify the number of farmer families in their territories, eligible for financial support under this scheme.
The government disbursed over ₹2.6 lakh crore to more than 11 crore farmers as of July 31, 2023. The total number of beneficiaries in FY24 stood at over 8.56 crore as of July 31, 2023.
First Published: Feb 6, 2024 1:11 PM IST
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