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Budget 2021: Farmers could get Rs 10,000 instead of Rs 6,000 under PM-KISAN scheme

Updated : January 22, 2021 09:31 PM IST

The move could be an effort by the government to reach out to farmers who are protesting against the recently-implemented Agriculture Laws.

In some good news for farmers, Finance Minister Nirmala Sitharaman is likely to announce an increase in the amount disbursed under the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN). Speculations are rife that in Budget 2021, the amount is likely to be hiked from Rs 6,000 a year to Rs 10,000 a year, DNA reported.

This could be an effort by the government to reach out to farmers who are protesting against the recently-implemented Agriculture Laws. It could also be a step forward by the government in trying to fulfil its promise of doubling farmers' income by 2022-23.

The budget estimate (BE) for the FY19-20 was around Rs 1.51 lakh crore, which may go up to Rs 1.54 lakh crore in FY21-22.

As per the PM-KISAN scheme, annually, the government gives an assistance of Rs 6,000 to farmers – Rs 2,000 is transferred to their bank accounts every four months. This amount, farmers say, is extremely less as assistance. This scheme was launched on December 1, 2018. According to the PM-Kisan Samman Nidhi website, there are 11.47 crore beneficiaries under this scheme.

Sitharaman is slated to present the Union Budget for FY21-22 on February 1, 2021. In late November 2020, angry at the three contentious farm laws, thousands of farmers marched to Delhi and set up vast camps blocking entry into the city.

Multiple rounds of talks have been held so far between protesting farmers and the government. In the last round of talks, the government had offered to suspend the farm laws for 18 months, besides appointing a joint committee consisting of representatives from both sides to resolve the deadlock. However, on January 22, farmer unions again informed the government that they sought complete repeal of the three laws.

Published : January 22, 2021 06:19 PM IST

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