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PM Modi's first cabinet meeting rolls out funds for farmers, traders

PM-Kisan extended to all farmers; pension scheme cleared for both

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PM Narendra Modi with Union Ministers Nitin Gadkari, Rajnath Singh, Amit Shah and others during the first cabinet meeting, at the Prime Minister’s Office, in South Block, New Delhi | PTI

Arup RoychoudhurySubhayan Chakraborty New Delhi
The new Union Cabinet, headed by Prime Minister Narendra Modi, in its first meeting approved a number of schemes aimed at the rural sector and traders.

It cleared the extension of benefits of the PM Kisan scheme to all landholding farmers, providing them Rs 6,000 per year.

The additional outlay of this scheme will be around Rs 13,000 crore per annum. This means the outlay for PM Kisan, going by the numbers for 2019-20, given in the Interim Budget, will be Rs 88,000 crore, including the Rs 75,000 crore allocated for small and marginal landed farmers.
 
The Cabinet also approved

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First Published: May 31 2019 | 11:29 PM IST

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