Union Finance Minister Nirmala Sitharaman will share the Interim Budget 2024-25 on February 1. The complete budget for the fiscal year 2024-25 will come after the general elections and the new government is formed.
The Interim Budget will give details about the money the government expects to receive and spend in various areas like education and agriculture until the new government takes charge.
There’s a possibility that the Government might increase the amount given to farmers under PM Kisan Samman Nidhi. Currently, farmers get ₹6000 in three parts, which is ₹2000 per part or installment.
PM Kisan Kist Increase Update
The Indian government has many programs to help poor, middle-class, and needy people. One of these programs is the Pradhan Mantri Kisan Samman Nidhi Yojana, which supports farmers by providing financial benefits.
Before the upcoming budget on February 1, 2024, there is a significant discussion about whether the installment amount received under the PM Kisan Samman Nidhi Yojana will increase. It’s crucial to find out if there will be an increase and, if so, by how much.
How Much Increase is Expected in PM Kisan Scheme?
Currently, farmers who qualify for the PM Kisan Samman Nidhi Yojana receive Rs 6,000 per year. This amount is distributed in three installments of Rs 2,000 each every four months.
According to media reports, there is a possibility that in the upcoming budget on February 1, 2024, the annual amount given through the Pradhan Mantri Kisan Samman Nidhi Yojana could be increased from Rs 6,000 to Rs 9,000. If this happens, farmers would receive Rs 3,000 in each installment instead of Rs 2,000. However, this information has not been officially confirmed yet.
When the Increase Kist will be paid to the Farmers
If the plan to give money in installments gets more benefits in the upcoming budget, the extra benefits will only start from April 2024. This means that before April 2024, during the 16th installment, people will only get Rs 2,000 as per the old rule.
It’s also important to know that the installment money plan is a government program to help people financially by giving them money bit by bit.
This plan is made to support those who need money by regularly giving them a set amount. If the government decides to increase the benefits in the budget, it could really help the lives of many people who depend on this money to manage their expenses.
When PM Kisan 16th instalment Will come?
On November 15, 2023, the 15th part of a popular series came out, and people really liked it. Now, everyone is excited for the 16th part to come out. Some news sources say it might be released in February or March, but the people in charge haven’t said anything official yet.
Note: This info is from various sources on the internet. We don’t own it, and it’s just shared news.
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