The government on February 6, 2024, informed Parliament that it has no proposal to increase the financial benefit to farmers under PM-KISAN scheme to ₹8,000-12,000 per year.
There is no proposal under consideration to increase the amount even for women farmers under the scheme, Agriculture Minister Arjun Munda said in a written reply to Lok Sabha.
Launched in 2019, Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) provides eligible farmers a financial benefit of ₹6,000 per year in three equal instalments of ₹2,000 every four months. The fund is directly transferred to bank accounts of the beneficiaries.