Govt extends PM-KISAN scheme, announces Rs 6,000 cash handout scheme to all farmers

In the first Cabinet meeting, Modi led new government decided to extend PM- KISAN scheme to all 14.5 crore farmers in the country costing Rs 87,000 crore a year and also announced over Rs 10,000 crore pension scheme for 5 crore farmers, thereby fulfilling the BJP’s poll promise.
The Rs 75,000-crore Pradhan Mantri Kisan Samman Siddhi (PMKSS – PM Kisan) was announced in the interim Budget under which the government decided to provide Rs 6,000 per year (in three equal instalments) to an estimated 12.5 crore small and marginal farmers holding land up to 2 hectares.
Now, the revised scheme envisages to cover around 2 crore more farmers increasing the coverage of the PM- KISAN to around 14.5 crore beneficiaries.
Farmer pension scheme:
Cabinet also approved the Pradhan Mantri Kisan Pension Yojana under which small and marginal farmers will get a minimum fixed pension of Rs 3,000 per month on attaining the age of 60 years.
The scheme will cost the exchequer a total of ₹10,000 crore per annum.
New Union Minister of Agriculture and Farmers welfare – Narendra Singh Tomar