India's farmers will get ₹6000 a year from the Modi government
As expected, the
Speaking in Parliament while presenting the government’s interim
The programme will provide structured
The money will be used to help farmers pay back loans and pay for seeds, fertilisers, equipment and labour.
Around 120 million farmers are expected to benefit from the programme, which has been devised as a conditional benefit transfer programme.
The cost of the scheme will be borne entirely by the central government, said Goyal. The outlay for the Kisan Yojana is budgeted at ₹750 billion for 2019-2020.
The scheme will kick off December 1st, 2019. It is expected to revive rural incomes and hence, demand.