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
10 months ago