No proposal at present to increase amount under PM KISAN: Govt

New Delhi: The government on Tuesday informed Parliament that there is no proposal at present to increase the amount under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) from the existing Rs 6,000 per annum per beneficiary. Under the scheme, eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal installments of Rs 2,000 every four months. The fund is directly transferred to the bank accounts of the beneficiaries.

"There is no such proposal at present," Agriculture Minister Narendra Singh Tomar said in his written reply to the Lok Sabha when asked if there is any proposal to increase the amount under the PM KISAN.

PM launches 'Bharat' subsidised fertilisers; 600 Kisan Samruddhi Kendras

More than Rs 2.24 lakh cr have been disbursed to eligible farmers through various installments

As on January 30 this year, more than Rs 2.24 lakh crore have been disbursed to eligible farmers through various instalments as income support to take care of expenses related to agriculture and allied activities as well as domestic needs, he said.

PM KISAN is a central sector scheme with 100 percent funding from the central government. The state government and UT administration identify the farmer families that are eligible for support as per scheme guidelines.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)