PM Kisan Nidhi 16th Installment 2024: The central government is planning the upcoming budget for 2024 which will be presented in the Parliament by the Finance Minister in the first session of parliament in February 2024. PM Kisan Samman Nidhi beneficiaries are receiving 6000 yearly from the central government. Now it is expected to increase up to 12000. So if you are also getting pm Kisan beneficial amount in your bank account in different installments then you can check the latest updates of the PM Kisan beneficiary amount in this article.
The central government has been running the Pradhan Mantri Kisan Samman Nidhi scheme since 2019 and all the registered beneficiaries are receiving Subsidy amounts in their bank account in installments of 3 months. According to the reports, more than 11 crore farmers are serving in India and most of the farmers are registered with the pm Kisan portal pmkisan.gov.in. The beneficiary amount is provided in 3 installments of Rs 2000 each so they are receiving a maximum of 6000 yearly. Due to the special year of 2024, policymakers and economists are expecting that the government can increase the Subsidy amount in this budget.
Increment in pm Kisan amount in budget 2024
February month is very special for each year due to the new allotment of budget. However, the year 2024 is quite different from other years because upcoming parliamentary elections are also going to be conducted in April and May 2024. So the government can increase the amount for beneficiaries of PM Kisan Samman Nidhi to gain support from farmers in upcoming elections. Currently, farmers are receiving Rs 2000 in the gap of 4 months, But they can receive Rs 2000 every 3 months if the government increases the beneficial amount from 6000 to 8000 rupees yearly. However, the installment is decided according to the cropping season of Ravi, kharif, and Zayad. But if the government increases the amount for PM Kisan Samman Nidhi in this budget then it will be very impactful and helpful for farmers as they can receive 8000 to 10000 yearly.
Pm Kisan Rs 12000 beneficial amount
Currently, one farmer from one family is receiving the pm Kisan beneficiary amount in the bank account. So if the wife and husband both are farmers but only one person from their family member can be registered under the pm Kisan Samman Nidhi portal. The government is continuously providing opportunities for women empowerment in multiple schemes, so it is also expected that all the female farmers in India registered with the pm Kisan portal can receive up to 12000 yearly under the pm Kisan Samman Nidhi scheme. So if the budget is presented in the parliament in the favour of farmers then it will also increase women empowerment among farmers.
2.8 crore rupees for PM Kisan beneficiary amount
Central government has recently released pm Kisan 15 installment amount in the bank account of beneficiaries in November month and approximately more than 2.8 crore Rupees are distributed in this scheme for farmers. The amount is directly sent to the bank account of farmers to increase transparency between the Government and the beneficiaries. If the government increases the amount for PM Kisan Samman Nidhi then they have to also increase the budget for this scheme in the year 2024. Currently 60000 crore rupees are decided for PM Kisan Samman Nidhi in the latest budget but if increases then it may reach up to 88000 to 99000 crore rupees. So it is also possible that pm Kisan Samman Nidhi beneficiaries can receive pm Kisan 16 installment with an upgraded amount.
The Interim Budget of 2024
According to the Indian Constitution acts government should not increase additional allowances and facilities in the election year due to make transparency. So government representatives have also replied that they will only focus on an essential portion of the budget in this 2024 budget. However they have also not disclosed about the increment in existing schemes beneficiary amount and other details, so farmers can expect and keep an eye on government activities to know about the updated information of PM Kisan 16 installment increment in the budget of 2024.