PM-KISAN Scheme Extended to all Farmers
The government approved a proposal to extend the benefit of Rs 6,000 per year under the PM-KISAN scheme to all farmers.
- The PM-KISAN scheme was introduced in the interim budget of 2019.
- Under the scheme, the government provided Rs 6,000 per year (in three equal instalments) to an estimated 12.5 crore small and marginal farmers holding land up to two hectares.
- Now the scheme is extended to all farmers subject to the prevalent exclusion criteria. This increases the number of beneficiaries by 2 crores. The total coverage under the scheme would now go to around 14.5 crore beneficiaries.
The total burden on the exchequer will increase by Rs 12,000 crore to Rs 87,217.50 crore for the year 2019-20.
Category: Government Schemes Current Affairs