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New Delhi: In her Budget 2024 speech, Finance Minister Nirmala Sitharaman announced significant enhancements to the PM Kisan Samman Nidhi scheme, reaffirming the government’s commitment to bolstering the agricultural sector and supporting farmers’ income.
The PM Kisan Samman Nidhi, which provides financial assistance to small and marginal farmers, will see an increase in its annual disbursement. Eligible farmers will now receive ₹8,000 per year, up from the previous ₹6,000, delivered in four equal installments. This increment aims to alleviate financial stress and ensure timely availability of funds for agricultural activities.
- – Increased Financial Assistance: Annual support per farmer increased to ₹8,000.
- – Extended Coverage: The scheme’s coverage will expand to include an additional 2 crore farmers, bringing the total beneficiaries to 16 crore.
- – Direct Benefit Transfer: Funds will continue to be directly transferred to farmers’ bank accounts, ensuring transparency and reducing delays.
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