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LATEST NEWS UPDATES | Will PM-Kisan Eventually Evolve and Replace Farm Subsidies During Modi 2.0? -Siraj Hussain

Will PM-Kisan Eventually Evolve and Replace Farm Subsidies During Modi 2.0? -Siraj Hussain

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published Published on Jul 21, 2019   modified Modified on Jul 21, 2019
-TheWire.in

While the scheme has laid the foundation, its expansion will, like the GST, require a great deal of political consensus across states.

The Narendra Modi government’s interim budget, which was announced in February 2019, brought a bonanza for farmers.

Piyush Goyal, who was the finance minister when Arun Jaitley was on medical leave, announced a new scheme called the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) under which Rs 6,000 per year was to be given to small and marginal farmers (SMF) owning up to two hectares of land.

The scheme was effectively back-dated, that is from December 1, 2018, and an allocation of Rs 20,000 crore was provided in the revised estimate for 2018-19 itself. The scheme was to be entirely funded by the Central government and unlike most other schemes, the state did not have to make any financial contribution.

Members of parliament, state legislatures, mayors, income tax payees and serving and retired officials of government (excluding grade IV employees) were excluded from the scheme.

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TheWire.in, 18 July, 2019, https://thewire.in/agriculture/will-pm-kisan-eventually-evolve-and-replace-farm-subsidies-during-modi-2-0


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