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 >
Two Spirit Airlines creditor groups back Trump bailout plan, FT reports
Two Spirit Airlines creditor groups back Trump bailout plan, FT reports
Apr 27, 2026
April 28 (Reuters) - Spirit Airlines has won the backing of two of its three major creditor groupings needed to secure a $500 million bailout from the Trump administration, the Financial Times reported on Tuesday, citing two people close to the talks. Holders of a $275 million credit facility and a separate committee of unsecured creditors that holds billions of dollars of...
Dallas Fed April Manufacturing Index Indicates Faster Contraction
Dallas Fed April Manufacturing Index Indicates Faster Contraction
Apr 27, 2026
10:43 AM EDT, 04/27/2026 (MT Newswires) -- The Dallas Fed's monthly manufacturing index fell to a reading of minus 2.3 in April from minus 0.2 in March, compared with expectations for an increase to a reading of 0.8. The index indicates faster contraction, which is in contrast with other regional manufacturing readings already released, and the S&P global flash measure...
UNICEF warns Afghanistan could lose up to 25,000 female health workers, teachers
UNICEF warns Afghanistan could lose up to 25,000 female health workers, teachers
Apr 27, 2026
April 27 (Reuters) - Afghanistan is at risk of losing more than 25,000 female teachers and health workers by 2030 if the Taliban-led country's restrictions on girls' education and women's employment are not lifted, according to a new UNICEF report released on Monday. The Taliban has banned women from most public sector jobs and limited girls to receiving an education...
Senate panel to vote on Wednesday on advancing Fed chair Warsh's nomination
Senate panel to vote on Wednesday on advancing Fed chair Warsh's nomination
Apr 27, 2026
April 27 (Reuters) - The Senate Banking Committee is expected on Wednesday to advance Kevin Warsh's nomination as Federal Reserve Chair to the full Senate, with a vote now set for 10 a.m. EDT (1400 GMT).  The timing - which comes as Fed policymakers will be nearing the end of their two-day policy-setting meeting under current chair Jerome Powell --...
Copyright 2023-2026 - www.financetom.com All Rights Reserved