Modi to launch farmers' income guarantee scheme on Feb 24 in Gorakhpur

The flagship scheme is projected to cost exchequer Rs 75,000 crore annually

Prime Minister Narendra Modi would launch the flagship farmers’ minimum income guarantee scheme, projected to cost the exchequer nearly Rs 75,000 crore annually, on February 24 in Gorakhpur.

The scheme, PM Kisan Samman Nidhi Yojana, was announced in Union Budget 2019-20 tabled in Parliament on February 1 by acting finance minister Piyush Goyal to keep farmers in good humour before Lok Sabha polls and the backdrop of the opposition sharpening attack on the Modi government over farm distress.

The scheme guarantees annual financial support of Rs 6,000 in three instalments to about 125 million small and marginal farmers in India