The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
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Not satisfied by Maharashtra CM's assurances, farmers to go ahead with march
-The Indian Express The farmers would go ahead with the march from Nashik to Mumbai as planned on February 20. They will reach Mumbai on February 27 during the Budget Session of the state legislature. The Budget Session is slated to begin on February 25. Mumbai: Even as Chief Minister Devendra Fadnavis tried to allay the concerns of farmers in a two-hour meeting on Sunday, the All India Kisan Sabha (AIKS) said...
More »PM Kisan Yojna: Small, marginal farmers to get Rs 4,000 by early April
-The Indian Express The Centre plans to transfer Rs 4,000 to small and marginal farmers under the PM-Kisan scheme by the first week of April, well before the Lok Sabha polls start. The transfer of Rs 2,000 to the bank accounts of farmers will commence from February 24 under the income support scheme and preparations are on to cover as high as 1 crore farmers on the first day of the...
More »PM-KISAN challenge: Centre may end up spending only a fifth before elections -Jitendra
-Down to Earth Lack of land records, poor Aadhar-linkage can cap disbursement at Rs 3,500 cr this financial year The Narendra Modi government may have to be content spending less than a fifth of what it allocated for its much-touted Pradhan Mandhri KIsan SAmman Nidhi (PM-KISAN) for whatever remains of the current financial year. The lack of detailed land records and gaps in Aadhar-linkages for bank accounts can be major roadblocks. Union minister...
More »Budget 2019: Farmer payout Rs 6,000 won't cost much but won't mean much either -Harish Damodaran
-The Indian Express Under the Pradhan Mantri — Kisan Samman Nidhi scheme, all farmers cultivating up to two hectares (5 acres) will get direct income support of Rs 6,000 annually, payable in three equal instalments of Rs 2,000 each. Work out the basic arithmetic of a farm’s expense — fertiliser, machinery, fuel, seeds — and an annual Rs 6000-payout, an average of Rs 16.40 a day, doesn’t add up to much. In...
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