PM Kisan Yojana: Will budget 2025 announce an increase in farmers' installments? | In pics
PM Kisan Yojana: Will budget 2025 announce an increase in farmers' installments? | In pics
With Budget 2025 set for February 1, speculations are high about a possible increase in PM Kisan Yojana installments. Currently, farmers receive Rs 6,000 annually, but experts predicted a hike to Rs 10,000 or Rs 12,000.
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) is a flagship welfare scheme of the Government of India for providing financial benefits to farmers. Under this scheme, eligible farmers receive Rs 6,000 per year in three equal installments of Rs 2,000 each through Direct Benefit Transfer (DBT) in their bank accounts.
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With Budget 2025 set to be presented on February 1, speculations are rising about a possible increase in the installment amount. Could the government raise the annual financial assistance for farmers? Let's explore the possibilities.
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Current benefits under PM-Kisan scheme: Currently, the farmers enrolled under the PM-Kisan Yojana get three installments of Rs 2,000, which sums to Rs 6,000 in a year. The amount will be directly received into their bank accounts so as to cater to their financial budget and aid in agriculture.
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Will the installment amount increase in Budget 2025?: With Finance Minister Nirmala Sitharaman preparing to present the Union Budget on February 1, 2025, expectations are building that she might announce something on the PM-Kisan scheme. The experts believed that the government might enhance the annual financial assistance from Rs 6,000 to Rs 10,000 or even Rs 12,000 a year for relief to farmers.
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However, a confirmation of whether installments will increase or not can be confirmed only with the presentation of the budget. Sitharaman will present her eighth consecutive budget speech at 11 AM on February 1.
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When will the 19th installment be released?: Union Agriculture Minister Shivraj Singh Chouhan has recently declared that the 19th installment of PM-Kisan Yojana will be issued on February 24, 2025. On this particular day, the Prime Minister is likely to pay a visit to Bhagalpur, Bihar to release the installment and hold interactions with the farmers.
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As the Budget for the year 2025 is at the doorstep, everyone is anxiously waiting to see the PM-Kisan Yojana-related announcements made by the government besides other incentives announced for the farming sector.
