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 >
U.S. equity fund inflows ease to a six-week low
U.S. equity fund inflows ease to a six-week low
May 4, 2026
May 4 (Reuters) - U.S. equity fund inflows ebbed to a six-week low in the week through April 29 as investors concerned over a surge in crude oil prices exercised caution ahead of a monetary policy decision by the Federal Reserve. According to LSEG Lipper data, investors bought just $911 million worth of U.S. equity funds in their smallest weekly...
US factory orders rise more than expected in March
US factory orders rise more than expected in March
May 4, 2026
May 4 (Reuters) - New orders for U.S. factory goods rose more than expected in March, led by surging demand for electronics products amid the artificial intelligence investment boom. Factory orders were up 1.5% on the month, the biggest gain since November, from an upwardly revised 0.3% in February, the Commerce Department's Census Bureau said on Monday. Economists polled by...
US Dollar Rises Early Monday, Focus This Week on April Employment Data
US Dollar Rises Early Monday, Focus This Week on April Employment Data
May 4, 2026
07:36 AM EDT, 05/04/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, with the focus this week on Friday's April employment report. Monday's schedule is light, with factory orders data for March due to be released at 10:00 am ET, followed by an appearance by New York Federal Reserve President John Williams at 12:50...
TrustNFT Research Pegs True Annual Cost of Email Fraud to U.S. Economy at $22 Billion - More Than Seven Times Official FBI Figures
TrustNFT Research Pegs True Annual Cost of Email Fraud to U.S. Economy at $22 Billion - More Than Seven Times Official FBI Figures
May 4, 2026
New white paper argues that official fraud statistics dramatically undercount the true economic burden and calls for policy and private sector response proportionate to the scale of the problem MIAMI, FL / ACCESS Newswire / May 4, 2026 / TrustNFT.io today released The $22 Billion Problem: Email Fraud's True Economic Cost to the American Economy - and the Infrastructure Investment...
Copyright 2023-2026 - www.financetom.com All Rights Reserved