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Union Budget for Farmers: The central government can make a special announcement for the farmers in the budget 2023. According to ABI Research, the government wants to do agriculture and rural economic development this time. In such a situation, many big announcements can be made under the farmer’s schemes and farmers can get its benefit directly. Especially the government small and middle class farmers can get its benefit.
SBI Research states that the government should be given incentives in Budget 2023, Kisan Credit Card and some other farmer schemes for the development of farmers during this budget. By giving incentives, along with the help of small and marginal, the infrastructure of the villages will also develop and the income of the farmers can increase.
What to expect under Kisan Credit Card
Under the Kisan Credit Card, the loan amount is given to the farmers, so that the farmers can complete their farming in time due to lack of money. This is such a system, which directly benefits the farmers through the bank. Loan is given at low interest under Kisan Credit Card. Now SBI Research said that payment of interest should be sufficient for renewal and it should be announced in budget 2023
Dues under Kisan Credit Card
It has been said in the report that there should be a sufficient condition regarding the payment of interest up to Rs 3 lakh. Explain that KCC includes 60 percent of the outstanding loan of Rs 15.9 lakh crore from banks for agriculture and related activities.
Announcement regarding PM Kisan Yojana
If some media reports are to be believed, then the limit of Pradhan Mantri Kisan Samman Nidhi Yojana given as assistance to the farmers can also be increased. At present, farmers are being given Rs 6000 annually, which is released in three instalments.
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