Nagpur/Mumbai: The Maharashtra Government on Tuesday rolled out a new financial scheme under which more than one crore farmers in the State will be paid Rs 6,000 annually.
The scheme, Namo Shetkari Mahasanman Yojana, was approved at a Cabinet meeting chaired by Chief Minister Eknath Shinde on Tuesday.
Talking to reporters after the meeting, Shinde said the amount was in addition to Rs 6,000 paid to farmers in instalments per year by the Centre under the Pradhan Mantri Kisan Samman Nidhi Yojana. More than one crore cultivators will benefit from the State Government’s scheme, Deputy Chief Minister Devendra Fadnavis said. Fadnavis, who is also the State’s Finance Minister, had announced the scheme in the 2023-24 Budget which he presented in the Assembly in March.
The money will be deposited in the bank accounts of farmers in three instalments of Rs 2,000 during April to July, August to November and December to March.
The Cabinet also approved another proposal where farmers can avail of crop insurance by paying only one rupee towards premium while the rest of the amount will be paid by the government.