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 >
US weekly jobless claims decrease as labor market conditions remain stable
US weekly jobless claims decrease as labor market conditions remain stable
Apr 30, 2026
WASHINGTON, April 30 (Reuters) - The number of Americans filing claims for jobless benefits dropped last week, and the unemployment rate appears to have held steady in April as the labor market continued to show no material impact from the U.S.-Israel war with Iran. Initial claims for state unemployment benefits fell 26,000 to a seasonally adjusted 189,000 for the week...
Fed's Steady Rates Lock In Pain For Borrowers, Gains For Savers: Here's What To Know
Fed's Steady Rates Lock In Pain For Borrowers, Gains For Savers: Here's What To Know
Apr 30, 2026
Borrowing costs across the U.S. are set to remain elevated, as interest rates are expected to stay higher for longer. The Federal Reserve left its benchmark federal funds rate unchanged at 3.50%–3.75%, with Jerome Powell indicating policymakers are in no rush to begin cutting amid persistent inflation pressures. The decision extends a period of higher-for-longer policy. Here's what that means...
Rise in benefits lifts US labor costs in first quarter
Rise in benefits lifts US labor costs in first quarter
Apr 30, 2026
WASHINGTON, April 30 (Reuters) - Growth in U.S. labor costs increased slightly more than expected in the first quarter amid a jump in benefits, but wage growth was moderate against the backdrop of a softening labor market. The Employment Cost Index (ECI), the broadest measure of labor costs, advanced 0.9% last quarter after rising 0.7% in the October-December quarter, the...
US growth picks up in the first quarter
US growth picks up in the first quarter
Apr 30, 2026
WASHINGTON, April 30 (Reuters) - U.S. economic growth picked up in the first quarter on a rebound in government spending after a crippling government shutdown, but the increase is likely temporary as the war with Iran drives up gasoline prices and squeezes household budgets. Gross domestic product increased at a 2.0% annualized rate last quarter, the Commerce Department's Bureau of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved