The Indian government is contemplating a significant increase in the annual installment for small farmers under the PM Kisan Yojana, potentially raising it from Rs 6,000 to Rs 8,000. This boost in financial assistance is being considered to secure greater support from the farming community, a key voting bloc, especially in the run-up to the upcoming elections.
Government Contemplating Rs 8,000 Installments for Small Farmers
If approved, this move would signify a one-third increase in the cash transfer, aiming to alleviate financial burdens and garner widespread electoral favor. However, the decision is currently under consideration, and its approval would lead to an additional financial burden of approximately Rs 200 billion on the government.
Despite concerns over the financial implications, this initiative underscores the government’s efforts to address the economic challenges faced by small farmers and strengthen its electoral standing.