PC: dnaindia
Modi government is considering incentives for farmers before the 2024 Lok Sabha elections. Under the Pradhan Mantri Kisan Samman Yojana, the government may increase the annual installment for small farmers from Rs 6,000 to Rs 8,000 in three parts with the aim of strengthening the vote bank of farmers in the upcoming elections.
Gift to farmers before Lok Sabha elections
According to a Bloomberg report, the central government is considering potentially increasing the annual assistance given to farmers through the Pradhan Mantri Kisan Samman Yojana from Rs 6000 to Rs 8000. According to ABP Live, although two unnamed officials shared this information, the Finance Ministry has not commented on the matter. If this adjustment is approved, it will require an additional allocation of Rs 20,000 crore to supplement the existing budget of Rs 60,000 crore for the financial year 2023-24.
PC: Zee Business
Announcement possible in interim budget
Ahead of the 2024 Lok Sabha elections, the Modi government may unveil an increase in the PM Kisan Samman Yojana fund in the interim budget scheduled for February 1, 2024. Finance Minister Nirmala Sitharaman is collaborating with various ministries and departments for the interim budget.
PC: Krishi Bazaar
This scheme got electoral benefits in 2019
In the 2019 budget presented before the Lok Sabha elections, then Finance Minister Piyush Goyal introduced the Pradhan Mantri Kisan Samman Yojana, which came into effect in December 2018. Before the 2019 elections, farmers used to get Rs 4,000 through direct bank transfers under PM Kisan. Plan. The ruling party, the Bharatiya Janata Party, reaped electoral benefits from the scheme and won a significant majority under the leadership of Prime Minister Narendra Modi.
