Government extends PM-KISAN to all 14.5 crore farmers, announces new farm pension scheme

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Prime Minister Narendra Modi held the first cabinet meeting on Friday and in the meet government decided to extend PM-KISAN scheme to all 14.5 crore farmers in the country costing Rs 87,000 crore a year and also announced over Rs 10,000 crore pension scheme for 5 crore farmers, thereby fulfilling the BJP’s poll promise.

Announcing the two key decisions, new Agriculture Minister Narendra Singh Tomar said the Modi 2.0 government has announced the landmark decisions for the farming community in the first Cabinet meeting. “The Union Cabinet has approved to extend the ambit of the scheme by including all land holding eligible farmer families under the scheme, subject to the prevalent exclusion criteria,” Tomar told reporters after the meeting.

The Rs 75,000-crore Pradhan Mantri Kisan Samman Siddhi (PMKSS) was announced in the interim Budget under which the government decided to provide Rs 6,000 per year (in three equal installments) to an estimated 12.5 crore small and marginal farmers holding land up to 2 hectares.

Now, the revised scheme envisages to cover around 2 crores more farmers increasing the coverage of the PM-KISAN to around 14.5 crore beneficiaries,” the minister said. He said the total burden on the exchequer will increase by Rs 12,000 crore to Rs 87,217.50 crore for the year 2019-20.- Inputs from PTI

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