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

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New Delhi: All India Kisan Sangharsh Coordination Committee (AIKSCC) members and farmers arrive for a two-day rally to press for their demands, including debt relief and remunerative prices for their produce, in New Delhi, Nov 29, 2018. Photo: PTI

Sanjeeb Mukherjee New Delhi

Last Updated : Feb 01 2019 | 2:36 PM IST

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 in August 2018, in 2015-16 the average

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