What impact would enhancing PM Kisan Nidhi to ₹12,000 have on farmers
Explore the implications of farmers urging the Finance Minister to increase PM Kisan Nidhi to ₹12,000 as discussed during a pre-budget meeting.
- Increased financial support: Enhancing PM Kisan Nidhi to ₹12,000 would provide farmers with higher financial assistance, helping them meet their agricultural expenses and improve their livelihoods.
- Boost agricultural productivity: With more funds at their disposal, farmers can invest in better seeds, modern farming techniques, and equipment, leading to increased crop yields and improved agricultural productivity.
- Alleviate rural distress: Higher income through PM Kisan Nidhi can help alleviate rural distress by providing a stable financial cushion to farmers, reducing their dependence on loans and ensuring a steady income flow.
- Enhanced economic growth: Empowering farmers with increased financial support can stimulate rural consumption, spur economic growth in rural areas, and contribute to overall economic development.
- Improved standard of living: The hike in PM Kisan Nidhi can uplift the standard of living of farmers, enabling them to invest in education, healthcare, and other basic necessities for their families.
Answered
5 months ago