On Friday, acting Union Finance Minister Piyush Goyal presented the interim budget in the Parliament amid ruckus from the Opposition.
In an attempt to woo the voters from rural India, the Centre announced thePradhan Mantri Kisan Samman Nidhi scheme.
As part of this program, Rs. 6,000 per year will be deposited directly into bank accounts of farmers having less than 2 hectares of land.
About the scheme, Goyal said it will benefit 12 crore small and marginal farmers and the cost is estimated at around Rs. 75,000 crore.
The money will be deposited into the accounts in three installments, said Goyal.
Goyal added it was important to save the marginalized farmers from the clutches of moneylenders. He said the government was committed to uplifting farmers.
Goyal also said 22 crops came under Minimum Support Price which helped in doubling the income of the farmers.
While saying villages have first rights on the country's resources, Goyal informed Centre has allocated Rs. 60,000 crore for MGNREGA.
"The first right on the nation's resources goes to the poor and if needed more funds will be given for MGNREGA," Goyal added.
हमारी सरकार की उपलब्धि रही है कि हमने सोच को बदलने के अथक प्रयास किए और देश के आत्म-विश्वास को बढ़ाया : वित्त मंत्री @PiyushGoyal #BudgetForNewIndia pic.twitter.com/2zC59r5M36— BJP (@BJP4India) February 1, 2019
हमारी सरकार की उपलब्धि रही है कि हमने सोच को बदलने के अथक प्रयास किए और देश के आत्म-विश्वास को बढ़ाया : वित्त मंत्री @PiyushGoyal #BudgetForNewIndia pic.twitter.com/2zC59r5M36
Do you think this Direct Cash Transfer of Rs. 6,000/year for marginal farmers will help in solving agrarian crisis?— NewsBytes (@NewsBytesApp) February 1, 2019
Do you think this Direct Cash Transfer of Rs. 6,000/year for marginal farmers will help in solving agrarian crisis?
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