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 >
Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook
Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook
Sep 20, 2025
WASHINGTON (Reuters) - President Donald Trump's administration asked the U.S. Supreme Court on Thursday to let him move ahead with firing Federal Reserve Governor Lisa Cook - a move without precedent since the central bank's founding in 1913 - in a legal battle that imperils the Fed's independence. The Justice Department asked the justices to lift U.S. District Judge Jia...
Miran's Fed dissent makes a splash, fails to sway the outcome
Miran's Fed dissent makes a splash, fails to sway the outcome
Sep 20, 2025
(Reuters) - If President Donald Trump hoped that putting a close ally at the Federal Reserve would grab headlines, White House economic adviser Stephen Miran's dissent and way-below consensus interest rate projection on Wednesday delivered. If the hope was to have someone on the inside to get the Fed to lower interest rates as sharply as Trump wants, Miran's lone...
US holiday shopping growth to cool this year, Mastercard forecasts
US holiday shopping growth to cool this year, Mastercard forecasts
Sep 19, 2025
By Neil J Kanatt (Reuters) -U.S. holiday sales growth is expected to temper this year, a Mastercard forecast showed on Thursday, as consumers seek discounts and promotions amid inflation and broader macroeconomic uncertainty. The Mastercard Economics Institute report forecasts retail sales to rise 3.6% between November 1 and December 24 this year, compared to a 4.1% growth in the same...
US Supreme Court to hear Trump's tariffs case on November 5
US Supreme Court to hear Trump's tariffs case on November 5
Sep 20, 2025
(Reuters) -The U.S. Supreme Court on Thursday set the date for the oral arguments it will hear concerning the legality of Donald Trump's sweeping global tariffs for November 5 in a major test of one of the Republican president's boldest assertions of executive power that has been central to his economic and trade agenda. The justices announced earlier this month...
Copyright 2023-2026 - www.financetom.com All Rights Reserved