Impact of the 2021 Budget on PM Kisan Yojana
The 2021 budget announcement had a lot of PM Kisan Yojana related news. You will be pleased to know that the government has allocated Rs 18,000 crores for additional support to farmers. This is significantly higher than what was expected and will further provide financial aid to farmers who depend on the scheme for their livelihood.
Additionally, the government has also announced a new scheme, Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA). This scheme aims to improve the income of agriculturalists and small and marginal farmers by providing them better remunerative prices for their produce. It’s estimated that over 10 crore farmers will benefit from this initiative.
Furthermore, the government also proposed setting up a special facility to help farmers get access to technology, learn about best practices, connect with buyers and access markets for better prices for their products. The government aims to provide 50 lakhs farmers access to this facility by 2023 so that they can become competitive in an increasingly globalized world.
Lastly, the budget also proposed enhancement of crop insurance coverage from existing levels of 30 percent coverage area in 10 states to 50 percent across India by 2023. This is seen as a major boost to those dependent on agriculture and is likely to reduce losses due to crop failure or natural calamities.
What Does the 2023 Budget Mean for PM Kisan Yojana?
Now that you know the latest updates on the PM Kisan Yojana, you’re probably wondering what it means to be included in the 2023 budget. Well, with PM Kisan Yojana, the government is officially investing in farmers and their produce.
The 2023 budget includes a number of benefits for farmers through this scheme:
- Increased investment: For starters, more money is being pumped into the PM Kisan Yojana. Farmers will now receive Rs 6,000 per annum in three installments of Rs 2,000 each instead of Rs 6,000 in two installments of Rs 3,000 each.
- Maximum enrolment: The government has also been working hard to ensure maximum enrollments so that agricultural resources reach as many farmers as possible. Over 14 crore beneficiaries have already been enrolled and more will be encouraged to join.
- Expansion and diversification: In order to expand and diversify crop production in India, the government has also announced seed money for better seeds and agricultural implements along with subsidies on fertilizers and crop insurance schemes.
- Land reform initiatives: The government has also announced land reform initiatives to improve soil health and irrigation systems which would result in improved quality of agricultural produce from farmers’ lands.
As you can see, the 2023 budget for PM Kisan Yojana has some really great benefits for farmers across India—allowing them to benefit from increased investment as well as access valuable resources like better seeds and irrigation systems.
The PM Kisan scheme has been a huge success, bringing relief to millions of farmers and their families throughout India. It has been extended to include more beneficiaries and plans are in place to increase the size of the budget in 2023, helping to ensure that more families are able to benefit from the program.
As we await further updates and details of this budget, it remains to be seen just how much of a difference the PM Kisan scheme will make to rural India. However, one thing is clear: the PM Kisan scheme is making a positive and lasting impact on those who need it most. With the right budget and implementation of the scheme, we can look forward to a brighter future for rural India.