financetom
Economy
financetom
/
Economy
/
Farmers receive first installment of PM Kisan Scheme: Here's what experts have to say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Farmers receive first installment of PM Kisan Scheme: Here's what experts have to say
Mar 9, 2019 7:15 AM

A controversy has erupted after FM Arun Jaitley tweeted that Karnataka has sent only 60,000 names to the centre so far, for the PM Kisan scheme. Karnataka government has disputed that statement and has said that it has already updated 3 lakh names on the national portal. CNBC-TV18 spoke to Siraj Hussain, former agri secretary to discuss the PM Kisan scheme.

Hussain said, "I think coverage of 2.3 crore farmers in such a short period of time is a great achievement for the government and it will surely be used during the election campaign, especially in major states of UP, Maharashtra, Madhya Pradesh etc. Also I find that my ex-colleagues in the UP cadre of IAS have done a very good job because in a very short period of time they have been able to collate the records of land holding with the bank accounts and other details of various beneficiaries, even the Aadhaar number has been linked even though government of India did not make it mandatory. So, all this work has been done by the revenue department of UP government in collaboration with agriculture department in a very short period of time. Some 75 lakh farmers in UP have received the money according to a report in Business Line, you have said 80 lakh farmers. So, well done UP and I only hope that other states will also do it fast enough."

He further added, "It is very clear that several states do not want to share this data with the central government because they may be thinking that the credit for this will then go to the central government and they are right in assuming that. I wrote an article in Mint last week in which I said very clearly that in this scheme there is no share of the state government. This very government in 2015-16 had changed the funding pattern of a large number of schemes when the allocation on the recommendation of the 14th Finance Commission was increased from 32 percent to 42 percent. In PM Kisan for political reasons, if I may say so, it was decided that the states will not have any share. So, it is very clear that the states see that if the money is actually transferred then all the credit will be taken by the central government. So, that is perhaps explaining the reluctance of several states in sharing the data with the central government. I am sure they have the data but they do not want to share it."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Factbox-Most brokerages retain expectations of 25-bps rate cut from US Fed in December
Factbox-Most brokerages retain expectations of 25-bps rate cut from US Fed in December
Nov 22, 2024
(Reuters) -Major brokerages reiterated their view of a 25-basis-point (bp) interest-rate cut by the U.S. Federal Reserve in December after U.S. consumer prices for October increased as expected, even as Fed Chair Jerome Powell indicated there is no need to rush rate cuts given strong U.S. economy. The consumer price index (CPI) rose by 2.6% in October, data showed on...
US Dollar Rises Early Friday Ahead of Flash PMI, Michigan, KC Fed Services
US Dollar Rises Early Friday Ahead of Flash PMI, Michigan, KC Fed Services
Nov 22, 2024
07:48 AM EST, 11/22/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, before the release of S&P Global flash PMI estimates for November at 9:45 am ET, the University of Michigan's preliminary sentiment reading for November at 10:00 am ET, and the Kansas City Federal Reserve's services...
US business activity gauge rises to 31-month high in November
US business activity gauge rises to 31-month high in November
Nov 22, 2024
WASHINGTON (Reuters) - A measure of U.S. business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump's administration next year. S&P Global said on Friday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 55.3 this month. That...
November S&P Global US Flash Manufacturing, Services Measures Both Increase
November S&P Global US Flash Manufacturing, Services Measures Both Increase
Nov 22, 2024
09:57 AM EST, 11/22/2024 (MT Newswires) -- The November flash reading of manufacturing conditions from S&P Global rose to a four-month high 48.8 from 48.5 in October, slightly below an expected reading of 48.9 in a survey compiled by Bloomberg as of 7:30 am ET. The index still suggests contraction in the sector, which is in line with the Philadelphia...
Copyright 2023-2026 - www.financetom.com All Rights Reserved