Budget 2022: Up by 4.6%, Rs 68,000 crore allotted for PM-KISAN

The Centre has allotted Rs 68,000 crore for the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) within the Union Budget 2022-23, which is simply 4.6 per cent greater than the Budget Estimates of Rs 65,000 crore for 2021-22 and solely 0.74 per cent greater than the revised estimates of Rs 67,500 crore for the present monetary yr.
Under the PM-KISAN scheme, the federal government gives Rs 6,000 to eligible beneficiary farmer households annually. The quantity is transferred of their financial institution accounts in three equal four-monthly installments of Rs 2,000 every.

Prime Minister Narendra Modi had launched the tenth installment on January 1 this yr and Rs 20,946 crore was transferred into the financial institution accounts of 10.09 crore farmers throughout the nation. With this, a complete Rs 1.8 lakh crore has been transferred into financial institution accounts of beneficiary farmers until now, in accordance with the Union Ministry of Agriculture and Farmers’ Welfare.
The Modi authorities had launched the PM-KISAN from the December-March 2018-19 interval. The precise expenditure on the PM-KISAN was Rs 60,990 crore throughout 2020-21.