In the first Cabinet meeting, Modi led new
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.
The Rs 75,000-crore Pradhan Mantri Kisan Samman
Siddhi (PMKSS – PM Kisan) was announced in the interim
Budget under which the government decided to provide Rs 6,000 per year (in
three equal instalments) 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 crore more farmers increasing the coverage of the PM- KISAN to
around 14.5 crore beneficiaries.
Farmer
pension scheme:
Cabinet also approved the Pradhan Mantri Kisan Pension Yojana under
which small and marginal farmers will get a minimum fixed pension of Rs 3,000 per month on
attaining the age of 60 years.
The scheme will cost the exchequer a total
of ₹10,000
crore per annum.
New
Union Minister of Agriculture and Farmers welfare – Narendra Singh Tomar
