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Budget 2019: Announcements For Farmers

Feb 01, 2019 12:16 PM IST India India
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Finance Minister Piyush Goyal in his budget speech today announced the plan of the government to provide an assisted income support to small and marginal farmers under the scheme Pradhan Mantri Kisan Samman Nidhi (PMKISAN). Under the scheme a direct transfer of Rs 6,000 per year will be made to the bank accounts of farmers owning less than two hectares of land, Goyal told the parliament today. "Farmers earlier did not get full cost for their produce. Farmers income has reduced over the years. Income support to farmers small and marginal farmers Pradhan Mantri Kisan Samman Nidhi (PM KISAN) has been approved. Famers having 2 hectares and less will be provided with Rs 6000 per annum directly into their accounts," Goyal said. The amount will be directly transferred to the accounts of farmers in three equal installments.

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