Each yr, the Central Government awards Rs 6,000 to farmers throughout the nation.
The state authorities will yearly make investments Rs 6,900 crore on this programme, in accordance to Fadnavis.
Like the central authorities below Prime Minister Narendra Modi, Eknath Shinde’s authorities in Maharashtra may also present monetary help of Rs 6,000 to the farmers yearly. The announcement got here on Thursday throughout the presentation of the Maharashtra finances by deputy chief minister Devendra Fadnavis. More than 1.5 crore farmers within the state will obtain money assist, he claimed.
The state authorities will yearly make investments Rs 6,900 crore into this programme, in accordance to Fadnavis. Each yr, the Central Government already awards Rs 6,000 to farmers throughout the nation via the Pradhan Mantri Kisan Samman Nidhi Yojana. This cash is paid out 3 times a yr. Thus far, 13 instalments of this programme have been given to the farmers.
The cash of PM Kisan Yojana is instantly deposited within the financial institution accounts of the farmers. From now on, farmers within the state can have Rs 12,000 deposited of their financial institution accounts, with Rs 6000 from the central authorities and the remaining Rs 6000 from the state authorities within the type of Namo Shetkari Mahasanman Nidhi.
In response to accusations that insurance coverage corporations are profiting, it was acknowledged within the finances that the state will cowl farmers’ premiums below the Pradhan Mantri Crop Insurance Program. According to an announcement from the Maharashtra authorities, farmers’ crops shall be insured for a premium of Re 1. The authorities’s plan to provide crop insurance coverage for one rupee will put a further Rs 3312 crore of economic pressure on the exchequer annually. The Pradhan Mantri Fasal Bima Yojana has up to now required farmers to pay 2% of the insurance coverage premium.
In the finances, together with a 50 per cent low cost on fare tickets for girls in state transport buses, a 1% low cost on stamp obligation has additionally been introduced. A brand-new programme referred to as “Lek Ladki” for the empowerment of women was announced in the budget. Families with yellow or orange ration cards will receive a subsidy of Rs 5,000 following the birth of a girl child. The girl will receive Rs 4,000 when she enters first grade, Rs 6,000 when she enters sixth grade, and Rs 8,000 when she enters tenth grade. The girl will receive Rs. 75,000 in cash after she is 18 years old.
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