HomeNewsBusinessEconomySubstantial disbursement under PM-KISAN scheme in Feb itself: Subhash Chandra Garg

Substantial disbursement under PM-KISAN scheme in Feb itself: Subhash Chandra Garg

In his budget speech on February 1, Finance Minister Piyush Goyal announced 'Pradhan Mantri Kisan Samman Nidhi' (PM-KISAN) scheme under which Rs 6,000 per year would be provided to farmers holding cultivable land of up to 2 hectare.

February 03, 2019 / 10:48 IST
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Farmers plant saplings in a rice field on the outskirts of Srinagar June 10, 2015. India's farm economy could contract this fiscal year for the first time in over a decade because of drought, threatening Prime Minister Narendra Modi's drive to lift millions in the countryside out of poverty and bolster his party's support. Picture taken June 10. To match INDIA-ECONOMY/AGRICULTURE  REUTERS/Danish Ismail 

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Farmers plant saplings in a rice field on the outskirts of Srinagar June 10, 2015. India's farm economy could contract this fiscal year for the first time in over a decade because of drought, threatening Prime Minister Narendra Modi's drive to lift millions in the countryside out of poverty and bolster his party's support. Picture taken June 10. To match INDIA-ECONOMY/AGRICULTURE REUTERS/Danish Ismail - GF10000127154

The government would start disbursing substantial amount under the income support scheme for small farmers in this month itself as beneficiary data is already in place, a top finance ministry official said.

In his budget speech on February 1, Finance Minister Piyush Goyal announced 'Pradhan Mantri Kisan Samman Nidhi' (PM-KISAN) scheme under which Rs 6,000 per year would be provided to farmers holding cultivable land of up to 2 hectare.

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Goyal has already earmarked Rs 20,000 crore for disbursal among 12 crore farmers under the scheme in the current financial year.

"It has been decided to implement with effect from December 1, 2018. Allocation of Rs 20,000 crore required for the current fiscal has been made in the budget. Land record data is completely available. We have all the information about small and marginal farmers," Economic Affairs Secretary Subhash Chandra Garg told PTI in a post Budget interview.