Modi Proposes Paying Farmers $10.6 Billion Ahead of Election
- Government plans to directly transfer cash to farmers accounts
- Income plan to cover 120 million small farmers, Goyal says
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Narendra Modi’s government in India unveiled an income support program for small farmers in a bid to woo a key voter base ahead of the general election due by May.
The government proposes to spend 750 billion rupees ($10.6 billion) in the fiscal year that starts on April 1 to directly pay cash to farmers, Finance Minister Piyush Goyal said in his budget speech in New Delhi on Friday.