Begin typing your search above and press return to search.
Whither our country?
access_time 2021-06-18T16:09:23+05:30
Covid: children must be given special care
access_time 2021-06-18T13:12:58+05:30
A state machinery, intimidating and silencing
access_time 2021-06-18T10:43:30+05:30
A judgement raising hopes
access_time 2021-06-17T11:32:00+05:30
Citizenship questions at the doorstep
access_time 2021-06-13T22:58:07+05:30
Why Eid celebration is so important to Muslims
access_time 2021-05-13T12:57:08+05:30
Who can save Congress from redundancy?
access_time 2021-05-10T13:19:13+05:30
Iran and the revival of JCPOA
access_time 2021-04-23T13:21:09+05:30
Homechevron_rightBusinesschevron_rightPM-Kisan may see 20%...

PM-Kisan may see 20% cut in budgetary allocation

PM-Kisan may see 20% cut in budgetary allocation

New Delhi: The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme of the government which gives Rs 6,000 a year to farmers may see a cut in budgetary allocation.

It is learnt that the allocation for PM-Kisan may be slashed by 20 per cent to about Rs 60,000 crore in the general Budget from Rs 75,000 crore.

The amount allocated to the scheme was Rs 75,000 crore, in the Budget estimate of 2019-20.

The reason for this massive cut is the obstacles being faced in its implementation in some of the states. Under the PM-Kisan scheme, farmers are given a total of Rs 6,000 in three instalments annually.

However, according to sources, the revised estimate can come to Rs 61,000 crore in the current financial year.

The reason for this is not to implement the scheme by some states like West Bengal. Also, many states do not have proper data of farmers. The target of farmers availing this scheme has been reduced from 14.5 crore to 14 crore which will mean lower spending and allocation under the scheme.

PM-Kisan is a Central Sector scheme with 100 per cent funding from Government of India. The scheme is effective from December 1, 2018.

Under the scheme an income support of Rs 6000 per year is provided to all farmer families across the country in three equal instalments of Rs 2,000 each every four months.

The definition of family for the scheme is husband, wife and minor children. The entire responsibility of identification of beneficiary farmer families rests with the State/UT Governments. The fund is directly transferred to the bank accounts of the beneficiaries.

Show Full Article
News Summary - PM-Kisan may see 20% cut in budgetary allocation
Next Story