After a slew of announcements for the welfare of farmers including the loan waivers, one more announcement was made by the government in the interim budget. Finance Minister Piyush Goyal today said the government plans to provide an assisted income support to small and marginal farmers under the scheme Pradhan Mantri Kisan Samman Nidhi (PMKISAN)
The scheme would give a direct transfer of Rs 6,000 per year to the bank accounts of the farmers.
“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,” News18 quoted Goyal as saying.