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Interim Budget 2019: Rs 6,000-per-year income support to cover 86% farmers

Vows to create separate department of fisheries

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Interim Budget 2019  |  Budget 2019

Sanjeeb Mukherjee  |  New Delhi 

With farmers’ ire due to dwindling returns and falling prices threatening to hurt the ruling BJP in the crucial 2019 General Elections, the Centre decided on Friday to directly transfer an amount of Rs 6,000 a year to all eligible small and marginal farmers to meet their investment needs. The amount loosely translates into a support of Rs 500 per month.

According to some estimates, around 86 per cent of India’s farmers who are small and marginal, would directly benefit from the support. According to Nabard's All India Financial Inclusion Survey (NAFIS) released ...

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First Published: Fri, February 01 2019. 14:36 IST