PM Kisan Yojana: Is PM Kisan Nidhi going to increase in the budget? Know how much money can be got

Benefits are being provided to the needy and poor sections of the country through many types of government schemes. In this, both the state governments and the Government of India are running many schemes. For example, there is a scheme for farmers which is a very popular scheme named Pradhan Mantri Kisan Samman Nidhi Yojana. Under this scheme, financial assistance is given to the farmers and they are given Rs 2-2 thousand in three different installments, that is, a total financial assistance of Rs 6 thousand is given annually. In this sequence, now there is a discussion on whether this installment given to the farmers can be increased in the full budget to be presented on 23 July 2024. So let's try to know the answer to this question whether this can happen or not. You can know about this in the next slides...

Farmers also have high hopes from the full budget to be presented on 23 July. It is believed that the government can increase the installment money given to farmers under the PM Kisan Yojana. If this happens, it can be beneficial for the farmers.

How much can the installment increase?

According to media reports, financial assistance of Rs 6 thousand annually is given to farmers under the Pradhan Mantri Kisan Samman Nidhi Yojana. It can be increased to Rs 8 thousand annually. Although, its information has not been officially revealed yet, but it is believed that it can be announced in the Union Budget.

Can there be some change in the installment?

If we talk about the present time, then under the PM Kisan Yojana, three installments of Rs 2,000 each are available which are released at an interval of every four months. This installment is given to only those farmers who are eligible, like - about 9 crore eligible farmers got the benefit of the 17th installment.

At the same time, it is believed that if the Rs 6,000 given under the scheme increases to Rs 8,000, then one more installment can be increased i.e. four installments of Rs 2,000 each can be given instead of three. However, all this will be completely clear only after its announcement in the budget.

(PC: ISTOCK)