In 2023, more than 100,000 farmers voluntarily relinquished their PM-Kisan benefits

In 2023, more than 100,000 farmers voluntarily relinquished their PM-Kisan benefits

Daily Current Affairs / In 2023, more than 100,000 farmers voluntarily relinquished their PM-Kisan benefits

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Category : Business and economics Published on: June 08 2024

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From June 2023 to May 2024, 1.16 lakh farmers, mainly from Bihar, Uttar Pradesh, and Rajasthan, voluntarily gave up their Rs 6,000 annual benefits from the PM-Kisan scheme, facilitated by a new module on the PM-Kisan app and website.
The PM-Kisan scheme, launched in 2019, initially supported small and marginal farmers with up to 2 hectares of land, but now includes all farmer families across India, irrespective of landholding size, with 100% funding from the Government of India.
Under the PM-Kisan scheme, Rs 6,000 per year is transferred in three installments of Rs 2,000 directly into farmers' bank accounts, aiming to augment their income, with certain exclusions for higher income groups.

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