PM Modi to launch Rs 75,000 crore KISAN scheme today

Prime Minister Narendra Modi will launch his prestigious pro-farmer programme “Pradhana Mantri Kisan Samman Nidhi” today from Gorakhpur, Uttar Pradesh. Under this scheme, he will release the first tranche of direct income transfer of  Rs 2,000 to over one crore farmers, across the country. The scheme proposes to give Rs 6,000 to farmers in three instalments annually.

Preparations have been at full swing at the Fertilizer Corporation of India Ltd’ (FCIL) grounds here to host Modi at the Kisan Morcha or the farmer’s rally in the backdrop of the Election Commission of India (ECI) shortly expected to announce the dates for the 17th general election.

The government proposes to reach all beneficiaries by 31 March before the model code of conduct comes into effect. The BJP is expecting this would generate a major good-will among farming community towards the party, as they are facing distress conditions. “Tomorrow is a historic day! The Pradhan Mantri Kisan Samman Nidhi will be launched from Gorakhpur. This is a scheme that will give wings to the aspirations of crores of hardworking farmers of India who feed our nation,” Modi tweeted.

In a bid to win back the support of disgruntled farmers ahead of general election due in April-May, the Narendra Modi government in its final budget, presented on February 1 in Parliament,  announced an income support scheme for small farmers. Small and marginal farmers who own less than five acres (two hectares) of land will receive three installments of  Rs 2,000 each every year, with the scheme having an eligibility cut-off date of 1 February.

“Tomorrow’s launch of PM Kisan Samman Nidhi demonstrates two things: NDA’s unwavering commitment to farmer welfare. Speedy decision making- a scheme announced on 1st February has become a reality in such a short span. This is the new work culture of New India!” Modi said in another tweet. Over 12 crore farmers holding up to two hectares of land are expected to benefit from the scheme which is being rolled out at a cost of Rs 75,000 crore annually.

About one crore farmers are set to be given the first instalment of Rs 2,000 on Sunday. The money will be directly transferred into the accounts of beneficiaries. This scheme would not only provide assured supplemental income to the most vulnerable farmer families, but would also meet their emergent needs especially before the harvest season.

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