Budget 2024 PM Kisan Yojana Current Update: Increase Expected in Kisan Payouts to ₹9000, Know What Farmers Got

Budget 2024 PM Kisan Yojana Current Update: The PM Kisan Yojana, launched on December 1, 2018, is a fully funded initiative by the Government of India. Its PMKSNY objective is to provide annual income support of Rs 6,000 to eligible landholding farmer families. This support is distributed in three equal installments throughout the year. The PM Kisan scheme includes the husband, wife, and minor children as the family unit. To implement the PM Kisan Samman Nidhi scheme, State Governments, and Union Territory administrations identify eligible farmer families, and the support funds are directly transferred to their bank accounts.

However, certain exclusion categories prevent individuals with higher economic status from benefiting from this scheme. Under the Budget 2024 PM Kisan Yojana Current Update, The farmers had full hope that the amount of the Kisan Yojana would be distributed, no further decision was taken in this direction, but keeping in mind the interests of the farmers, they were given benefits under the Budget 2024 PM Kisan Yojana Current Update, know the complete information.

Budget 2024 PM Kisan Yojana Current Update

  • The Finance Minister, Nirmala Sitharaman, is scheduled to present the interim Budget 2024 on February 1. It is anticipated that the government will introduce certain modifications to its welfare programs, including the Pradhan Mantri Kisan Samman Nidhi.
  • Although no significant announcements are expected in the interim budget, there was a possibility that the payout for the PM Kisan scheme may be increased by 50 percent this year, from ₹6000 to ₹9000 per year.
  • Economists believe that this increase in the payout for farmers under the PM Kisan scheme is one of the three major social sector announcements that can be expected during the Union Budget 2024.
  • During the budget speech, Finance Minister Nirmala Sitharaman said that farmers are our food providers. She said that under PM-Kisan Samman Yojana, direct financial assistance is provided every year to 11.8 crore farmers including marginal and small farmers. Also, She said that crop insurance has been provided to 4 crore farmers under the PM Crop Insurance Scheme.
  • Additionally, economists have indicated that the government’s housing scheme, PM Awas Yojana, will be a key focus during the Budget 2024 presentation.
  • Based on last year’s budget, the allocation for the PM Kisan scheme was ₹60,000 crore, and it is expected to witness a 50 percent increase this year.

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Budget 2024 PM Kisan Yojana Current Update

  • Apart from welfare schemes, the government is likely to continue emphasizing capital expenditure, as private-sector investment has been sluggish across various sectors.
  • The government has consistently increased capital expenditure by nearly a third annually over the past three years, with a focus on infrastructure development such as roads, ports, and power plants. These sectors are also expected to receive a boost in the upcoming Budget 2024 session.
  • In preparation for the interim Budget 2024 presentation, an all-party meeting has been scheduled and will be chaired by the Minister of Parliamentary Affairs, Pralhad Joshi.
  • This customary practice allows leaders from different political parties to highlight the issues they wish to address in Parliament, while the government provides them with an overview of its agenda and seeks their cooperation.
  • It is important to note that FM Sitharaman will only be presenting the interim Budget on February 1, while the complete Union Budget for the upcoming fiscal year will be presented after the Lok Sabha elections and the formation of the new government.

PM Kisan Yojana Registration 2024

To register for PM Kisan Yojana, follow these steps:

  • Log in to the official website pmkisan.gov.in and go to the farmer’s corner.
  • Click on ‘New Farmer Registration’ and select ‘pm kisan yojana e-KYC’.
  • Then enter your Aadhaar number along with the captcha.
  • After that, provide the necessary details and click on ‘Yes’.
  • Fill out the PM Kisan application form 2024 with the required information, save it, and take a printout for future reference.

PM Kisan 16th Kist Beneficiary Status 2024

To check the beneficiary status of PM Kisan Yojana, follow these steps:

  • Visit the official website – pmkisan.gov.in
  • On the homepage, click on the ‘Know Your Status’ tab located on the right side of the page.
  • Enter your registration number and fill in the Captcha Code.
  • Select the ‘Get Data’ option.
  • Your beneficiary status will then be displayed on the screen.

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PM Kisan 16th Kist Beneficiary List 2024

To check if your name is on the beneficiary list for PM Kisan Yojana, follow these steps:

  • Go to the official website www.pmkisan.gov.in.
  • Click on the ‘Beneficiary list’ tab.
  • Select the required details from the drop-down menu, such as state, district, sub-district, block, and village.
  • Click on the ‘Get Report’ tab.
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