PM Kisan Yojana Increment: Indian farmers receive financial support through a government initiative called the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana. Currently, each farmer is allocated ₹6,000 per year, but there are discussions of increasing it to ₹8,000. This adjustment in payment is expected to be implemented before the Lok Sabha elections in 2024. Under the PM-KISAN plan, ₹2,000 is distributed per quarter, amounting to a total of ₹6,000 annually. Additionally, in the interim budget for 2024, the government aims to introduce more assistance measures for women, youth, farmers, and individuals living in poverty. In this article, we will discuss more about the PM Kisan Yojana’s increment of Rs. 6,000 annually to Rs. 8,000 annually and many other details to discuss here.
The government is currently contemplating strengthening the provisions of the PM Garib Kalyan Anna Yojana. Sources suggest that a final decision regarding this matter will be reached in the near future. It is expected that the government will release the sixteenth installment of the PM-KISAN programme in either February or March of 2024, although no formal announcement has been made yet. The fifteenth installment of the programme was issued by the government of India’s PM Kisan Yojana on November 15, 2023. Recently, the Finance Minister of India, Smt. Nirmala Sitharaman, made it clear that the February 1 budget would serve solely as a vote on account. She emphasised that there would be no significant announcements made during this time.
In accordance with Article 116 of the Indian Constitution, a vote on account is a provision for an early allocation of funds from the Consolidated Fund of India to cater to immediate spending needs until the commencement of the next fiscal year. These budgets, following British tradition, are designed to avoid disclosing major policy decisions. Instead, they serve as temporary measures until a new government assumes office. It is important to mention that when a government is about to leave office, they either offer an interim budget or request a vote on account. The new government has the obligation to deliver a comprehensive budget, which includes significant policy choices.
PM Kisan Yojana Increment – Overview
| Scheme Name | Pradhan Manthri Kisan Samman Nidhi Yojana (PM-Kisan Yojana) |
| Country | India |
| Scheme Amount (Annually – Now) | 6000 INR |
| Scheme Amount (Annually – Considering) | 8000 INR |
| Scheme Applicability Members | Farmers |
| Additionally Support To | Youth and Women |
| Scheme Basis | Quarterly |
| Quarterly Amount | 2000 INR |
| 15th Installment Amount Date | 15th November 2023 |
| 16th Installment Amount Date | February or March 2024 |
| Interim Budget Date | 29th February 2024 |
| Amount Increment Report | Given By Finance Minister |
| Finance Minister’s Name | Smt. Nirmala Sitharaman |
| Age Limit | No Limitation |
| Official Website (PM-Kisan) | https://www.pmkisan.gov.in/ |
As the Lok Sabha elections are near, the government of India, especially the Finance Minister, Smt. Nirmala Sitharaman, has said in a recent interview that the government is planning to increase the annual amount of the PM-Kisan Yojana from 6000 INR to 8000 INR. There are higher chances that the amount will be increased. Let us wait, and every eligible member, including farmers, youth, and women, is eagerly waiting for an increment on the scheme. With the 15th installment amount of the PM-Kisan Yojana already being given and the 16th installment amount yet to be given to the eligible members in the upcoming month or so, we can see an increase in the amount where the discussions are still going on.
PM Kisan Yojana Increment Details
As we have already mentioned in the first paragraph of this article that the central government is planning to increase the amount of PM Kisan Yojana from 6000 INR to 8000 INR to all the eligible members. The surge in payments is anticipated to come into effect prior to the 2024 Lok Sabha elections. As part of the PM-KISAN initiative, individuals now receive ₹2,000 every quarter, totaling ₹6,000 annually.
PM Kisan Yojana Eligibility Criteria
To be eligible for the PM-KISAN scheme, certain criteria must be met, such as belonging to a specific professional category, owning property, having a certain landholding size, and meeting age-based requirements. This also encompasses institutional landholders and farmer families whose members have recently submitted income tax returns. When we talk about the age limit, there is no age limitation, as any farmer, youth, minor, or youth of any age are eligible to apply for this scheme.
PM Kisan Yojana Check Beneficiary List Procedure
As we have already mentioned in our last article about the Beneficiary List of the PM-Kisan Yojana or scheme, we will still mention the step-by-step procedure to check the beneficiary list for those who haven’t seen my article. Following are the steps that you must know to check the list of beneficiaries in detail:
- First of all, you must open any internet browser and visit the official website of PM-Kisan Yojana, which we have mentioned in the overview table above.
- Then, you need to locate the PM Beneficiary List 2024, which is shown on the homepage of the website.
- After that, you need to choose your block, tehsil, village, district, etc. to proceed further.
- Finally, you will be able to see or check the list of beneficiaries displayed on your screen. Like this, you can easily confirm your names on the website.
After the 16th installment amount is given, the government may start giving the revised amount of 8,000 INR annually. So, follow these steps and be up-to-date before getting these schemes.
Frequently Asked Questions – PM Kisan Yojana Increment
The 16th installment amount of the PM-Kisan Yojana will be given by February or March 2024.
The amount of 6,000 INR will be increased to 8,000 INR annually for this scheme and might be given to the eligible members
PM-Kisan scheme Beneficiary list can be Check on the official site pm kisan
