PM-KISAN to provide multiple benefits to farmers: CEA

-PTI

The average income of farmers in FY16 was about Rs. 30,000 and, hence, Rs. 6,000 would be 20 per cent

Farm income support scheme PM-KISAN will provide multiple benefits to farmers, including improving their credit worthiness, said Chief Economic Adviser K V Subramanian.

The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was announced in the Interim Budget 2019-20, under which Rs. 6,000 will be given in three instalments to 12 crore small and marginal farmers holding cultivable land up to 2 hectare.

Producer support in India is very low compared to the other countries and the scheme will help in supplementing that, he told PTI.

“Across countries, producer support for farmers are quite high. The recent OECD study which talks about producers support in India is quite low.

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