Finance Minister: Farmers to get Rs 6,000/yr in 3 installments under Centre funded plan

New Delhi, Feb 1 Finance Minister Piyush Goyal Friday said farmers will be given Rs 6,000 every year in three installments under a scheme to be fully funded by the central government

Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal tried to address a portion of the pain that the homestead division has been facing.

He said the government will give Rs 6,000 every year to agriculturists "in three installments" and it will be "completely funded by the central government".

Allocation to MNREGA has been hiked to Rs 60,000 crore for 2019-20, said Goyal, who ventured in as interim finance minister after Arun Jaitley needed to travel to New York for medical treatment.

He further said the legislature had spent Rs 1.7 lakh crore to supply nourishment grains at cheaper price to poor in 2018-19 as against Rs 92,000 crore in 2013-14.