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Cash Handout To Farmers Among 3 Options For PM Before 2019 Polls

The Prime Minister Narendra Modi government is weighing options including a monthly income support programme for farmers, people familiar with the matter said Prime Minister Narendra Modi is studying three options, including a cash handout for farmers, people with knowledge of the matter said, as his administration seeks to ease an agrarian distress and shore up popular support ahead of next years general election. The government is weighing options including a monthly income support programme for farmers, a cash handout plan for the shortfall between the actual sale price and state-set procurement rate and a revamped crop insurance programme, people familiar with the matter said, asking not to be identified as they are not authorised to speak to the media. The final program could be one of these or a combination of all three. The plan for the handout comes soon after the ruling Bharatiya Janata Party was voted out in key state elections this month, forcing PM Modi to draw up a course correction before national polls due by May. The government, which has already exceeded the annual budget gap aim, has little room for spending in the current year, having forgone some tax revenue on goods and services following the defeat. News by Piyush Srivastava.

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