The government of India has announced a new initiative called the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) to provide minimum income support to farmers. The scheme was announced by the finance minister, Piyush Goyal, during the Interim Union Budget of India on 1 February 2019.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is an income support scheme for landholding farmers
PM-KISAN is a government-sponsored scheme for small farmers in India. It is entirely funded by the central government, and is expected to cost approximately Rs 75,000 crore a year.
Farmers can self-enrol or enrol through the Central Statistics Centre (CSC) by providing scanned copies of certain documents. Interested farmers can check their eligibility by visiting the official website of the PM-KISAN portal.
The PM-KISAN central sector scheme provides financial support to eligible landholding farmers to help them meet their household and agricultural expenses. Eligible farmers receive Rs. 6000 per year in income support, which is distributed in three equal instalments.
The guidelines do not specify any restrictions on how the money is to be used, but the latest instalment was recently distributed to eligible landholding farmers’ bank accounts.
Those wishing to apply for the scheme must be landholding farmers who own at least 10 acres of land. The scheme is targeted at small and marginal farmers, but has exclusions for certain categories of individuals. For instance, individuals who hold constitutional posts, persons working in government offices, PSUs, and regular employees of local governmental bodies are not eligible to apply for PM-KISAN benefits.
Among the exclusions from the PM-KISN program are those in the Central and State Government. In general, the PM-Kisan program is intended for landholder farmers whose primary occupation is agriculture. This includes landowners who live in urban areas, who may not qualify for this scheme. But for those who do qualify, it’s worth remembering that the scheme benefits a large majority of Indian farmers.
It is a centrally-sponsored scheme
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a centrally-sponsored scheme for farmers. It is designed to provide loans for farming and horticultural activities, as well as other support to small and marginal farmers. While the scheme was introduced in April 2016, some farmers have not benefited from it yet. The state government and the Centre have argued that the government is delaying funds, while farmers are still waiting.
The scheme is meant to boost the food processing industry in India and provide better returns to farmers. This will lead to the doubling of farmers’ income and the growth of the food processing industry.
Ultimately, this will lead to increased exports of processed food. As a result, the government expects the PM Kisan SAMPADA Yojana to boost the country’s food processing sector.
The scheme’s benefits go beyond providing loans. Under the PM-KISAN program, small and marginal farmers receive an income support of Rs 6,000 per year. This is a government-sponsored program with virtually 100% funding from the Government of India.
PM KISAN is a nationwide project that will be implemented in every state. The scheme is aimed at bringing more money into the pockets of farmers, and it is a great way to help rural communities remain self-sufficient.
Through this centrally-sponsored scheme, all land-holding farmer families would receive income support to help them meet their farm-related expenses. This scheme would benefit small and marginal farmers with their home expenses and agricultural costs. This could help them reduce their overall poverty. You can read more about the PM-KISAN program here. This is a centrally-sponsored scheme for PM Kisan
It is not pro-poor
One can argue that the PM Kisan is not pro-pood as the beneficiaries are twice as many in Punjab as in other states. However, the PM Kisan’s income support is still better than nothing. It has a clear benefit for farmers, but there are also a few niggling problems. There are concerns about inflation, which may result if the government fails to provide enough goods. The increase in disposable income can also encourage idleness.
While PM Kisan is supposed to benefit 14.5 crore farmers, the scheme is far from that. The speed of implementation has slowed since the Lok Sabha elections. So far, less than three-quarters of eligible farmers have received even a single instalment.
The government has spent only 41% of the scheme’s budget, and the scheme is failing to deliver. This is particularly unfortunate for farmers in the northeast, where the pace of registration has slowed down.
The PM-KISAN scheme was intended to reduce the credit constraint for farmers. Over half of farmers in India use informal credit. Farmers could use PM-Kisan as an incentive to use fertiliser, increase their farm income, and take on more risks by adopting modern tech. However, the scheme’s impact on farm laborers’ incomes is still to be determined. For now, the government’s policy is unlikely to have a dramatic effect on farm labourers.
It requires Aadhaar identification
The flagship scheme of PM Narendra Modi’s government, PM Kisan, is a government scheme that offers monetary benefits to farmers. However, a security breach has exposed the social security number of more than 110 million farmers.
The breach was reported by Atul Nair in Medium, indicating that the data could have been used by attackers. The government has since fixed the problem, but not before it was hampered by a security loophole.
The PM Kisan Aadhaar identification scheme will require farmers to link their Aadhaar cards before receiving benefits. To verify the status of Aadhaar linking, farmers should visit their bank and sign a photocopy of their Aadhaar cards in front of a bank officer.
After the photocopy is verified, the bank will perform the online PM Kisan Aadhaar linking. In the case of failed linking, the bank officer will need to manually enter the 12-digit unique identification number into the PM Kisan account dashboard.
Farmers can also edit their Aadhaar details online. The bank will then fill in the 12-digit unique identification based on the Aadhaar number of the farmer. Upon successful verification, a text message will be sent to the user’s registered mobile number. It’s important to enter accurate information in the PM Kisan web portal. The status of payment will be displayed on the screen.
It is not effective
In a study commissioned by the Prime Minister’s Office, IFPRI evaluated the impact of PM Kisan in terms of farmer registration. In particular, the study assessed the role of Krishi Vigyan Kendras (KVKs), agricultural extension centres across the country. These centers provide strategic complementarity in the delivery of PM Kisan benefits. The study covers nearly 24 million farmers and the rural poor in India.
Farmers in the BJP-ruled states have also contributed to the farmer registration deficit. Five crore farmers in BJP-ruled states are not registered, while 44 lakh farmers are registered. The government’s plan is to transfer Rs 2,000 per farmer in January 2020, after the first year of PM Kisan.
However, this will only happen if more farmers register through the program than would otherwise qualify. This is not effective and the government will have to make substantial changes to increase the number of farmers registered under PM Kisan.
The implementation of the PM Kisan scheme has been hampered by the lack of transparency. Farmers must provide the correct KYC information in their accounts to ensure that the government does not tamper with their information.
Farmers must also keep in mind that farmers are required to update their account KYC details on a regular basis. Without proper records of their agricultural land, they are unable to get the PM-KISAN benefits.
It is being refunded to ineligible farmers
The Uttar Pradesh government has appealed to eligible farmers to return the amount they received as the NRHM scheme is about to end. The government issued information to the farmers and asked them to return the money to the government account. Farmers are given till May 15 to refund the amount before the 11th installment of the scheme is due. If ineligible farmers fail to return the money, they may have to bear the loss.
The PM Kisan Nidhi scheme is aimed at assisting farmers, but there are certain exclusion criteria that prevent them from receiving the money. Eligible farmers receive Rs 6,000 a year in three equal instalments, paid over three years. However, ineligible farmers have to pay income tax for other sources. As a result, the money will be returned to them.
The government has issued recovery notices to farmers who do not qualify for the scheme. HT reviewed copies of the notices issued in the state’s Meerut district. Some of the farmers were income-tax payers, who hid their status to receive the money.
The government of India has directed the concerned person to refund the money. This is a huge amount of money, but the government is trying to avoid this by making sure that every farmer receives the cash.
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