PM Kisan Installment Increase Update: The central government is planning to increase 30% amount of PM Kisan Samman Nidhi scheme in the upcoming financial budget of 2024-25. The finance minister Nirmala Sitharaman is working to present the new financial budget 2024-25 which was pending due to the Lok Sabha Elections 2024. So if you are a formal then you will get good news from the central government in this budget. More than 11 crore farmers are registered with the pm Kisan portal and will get the benefit of an increment in the PM Kisan Yojana payment in the upcoming month.
Pradhanmantri Kisan Samman Nidhi a welfare plan of the Central Government for farmers in the country. Currently beneficiaries are receiving 6000 annually into three installments in a year. But the finance minister is expected to increase this PM Kisan Samman Nidhi Yojana payment which have not been revised from 2020 for 30%.
After that beneficiaries will receive 8000 annually instead of 6000. The Kisan Yojana increment will directly benefit all the farmers in India who are not capable of purchasing seeds and other cultivating items and forced to take loans. So they can use the amount for farming purpose and generate a good income accordingly.
PM Kisan Installment Increase Update 2024
If the central Government implements a 30% increment in pm Kisan Samman Nidhi payment then it will force the government to expand up to 80000 crore rupees to fullfil demand of the farmer. After that all the farmers will able to receive 8000 annually under pm Kisan Samman Nidhi scheme.
The Indian government has announced its partial budget for the financial year 2025 on 1st February 2024. Finance Minister Nirmala Sitharaman expects to collect more taxes from individuals and businesses due to a growing economy. The government aims to collect a total of Rs 21.99 lakh crore (approximately $300 billion USD) from direct taxes, such as income tax, and Rs 16.31 lakh crore (approximately $220 billion USD) from indirect taxes, like goods and services tax (GST).
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Additionally, the Reserve Bank of India (RBI) has paid a record dividend of Rs 2.1 lakh crore (approximately $28 billion USD) to the government, exceeding expectations. This payout is a significant increase from the previous year’s dividend of Rs 87,416 crore (approximately $12 billion USD). These tax collections and dividend payments will help the government fund its various programs and initiatives for the financial year 2025.
Bhartiya Kisan Sangh requested to increase the pm Kisan payment 2024
The finance minister Nirmala Sitaraman conducted a close meeting with all stakeholders to prepare the financial budget of 2025 in June month. The spoke person from Bhartiya Kisan Sangh have told that they requested to the finance minister to increase pm Kisan payment from 6000 to 8000 annually.
Currently farmers are receiving 6000 rupees annually where they are provided Rs 2000 for each 4 month. However once government increase the payment from 6000 to 8000 rupees then the installment rate will also increase. It is also expected from the authorities and stakeholders to revise the PM kisan Scheme installment months from 4 month to 3 months. So beneficiaries will receive 2000 rupees for each three month and they will finally get 8000 annually by following this method.
11.5 crore farmers are receiving pm kisan yojana benefit
According to the data of pradhanmantri Kisan Samman Nidhi portal, authority have recently released the 16th installment of PM Kisan Samman Nidhi on 5th June 2024. Approximately 11.5 crore beneficiaries have received this pm kisan nidhi yojana payment in last month.
The number of PM Kisan beneficiaries are continuously increasing from 7 crore to 11.5 crore currently. So a large number of Indian farmers are registered on the portal and taking benefits and advantage of PM kisan Yojna installment based payments for welfare of the farmers.
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so if you are also an apartment then you should first register yourself on the pmkisan gov in portal by using your smartphone or other device. After that you will able to receive the payment of PM Kisan Samman Nidhi Scheme which maybe increased according to the new announcement in the budget.