PM-KISAN plan Scheme – no takers from Karnataka

PM-KISAN plan Scheme – no takers from Karnataka

PM-KISAN plan scheme (Pradhan Mantri Kisan Samman Nidhi) – under this scheme, Income will be directly credited to the bank accounts.

The government announced an income support scheme, called Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), for the farmer in the interim Budget 2019. The PM-KISAN scheme is  aimed at supplementing the financial needs of the small and marginal farmer, entails a direct cash support of Rs. 6,000 for farmers.

The government has earmarked Rs. 20,000 crore for disbursal among 12 crore farmers under the scheme in the current financial year.

Cost to exchequer – PM-KISAN plan scheme :

The PM-KISAN Scheme  or Kisan Yojna is estimated to cost the exchequer Rs. 75,000 crore. Under the scheme, small and marginal farmers with less than two hectares of land will get cash in their accounts in three instalments of Rs. 2,000 each according to the  Ministry of Agriculture and Farmers Welfare.

Five things to know about the PM-KISAN scheme or PM Kisan Yojna for the farmers:

  1. Under the Kisan Yojna, an income support of Rs. 6,000 per year (in three equal instalments) will be provided to the families of small and marginal farmers having a combined land holding/ownership of up to two hectares of land.
  2. The Kisan Yojna will be effective retrospectively from December 1, 2018 for transfer of benefit to eligible beneficiaries. The government has recognized 12.5 crore such beneficiaries.
  3. The first instalment – for the four-month period ending March 31, 2019 – under the scheme will be transferred to the eligible beneficiaries in the current financial year (2018-19) itself. The first instalment will be transferred immediately on identification of the beneficiaries, according to the scheme document.
  4. Quoting Aadhaar is mandatory for claiming benefits under the PM-KISAN scheme, according to the government. The transfer of subsequent instalments will be done only on basis of Aadhaar-seeded database, and beneficiaries not having an Aadhaar card will have to be compulsorily enrolled under Aadhaar, according to the scheme document.
  5. The income of Rs. 2,000 for four months will be directly credited to the bank accounts of eligible farmers in three instalments.

PM-KISAN plan scheme features :

  1. Development of farmers – The entire scheme focuses on offering financial support to the needy farmers.  The Central Government will offer some money which can be utilized by the farmers to increase the crop production.
  2. Financial assistance – Under this scheme, the farmers will receive Rs.500/- on a monthly basis.  This brings the grant amount to Rs.6000/- on a yearly basis.
  3. Payment in intalments – The promised amount under the PM-KISAN scheme will be paid by the Central Government in 3 separate instalments.

Amount transferred under the scheme :

As per a government release, Rs. 4,366.41 crore have been transferred under the scheme to about 2.18 crore farmers till March 7.

Under the scheme, Rs. 6,000 will be released in three 4-monthly installments of Rs. 2,000 over the year to beneficiaries.

The scheme was formally launched at national level by Prime Minister Narendra Modi on the February 24, 2019 at Gorakhpur, Uttar Pradesh.

Non-BJP ruled States :

Finance Minister Arun Jaitley regretted that non-BJP ruled states, including West Bengal, Rajasthan, Delhi and Madhya Pradesh, have not certified even a single farmer for transfer of the first installment of Rs 2,000 under the PM-KISAN scheme.

In the interim Budget 2019-20, the central government had announced the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme under which Rs 6,000 per year will be given in three instalments to 12 crore small and marginal farmers holding cultivable land up to two hectares.

PM-KISAN plan in Karnataka :

The State of Karnataka is also appears to be less co-operative in seeking benefits for the farmers of the State.  The Karnataka State has so far certified only 17 name of farmers to the plan.

Female and male workers in a farm

The State governments must send the beneficiary data to the Central Government.  The central government in turn screens the names for discrepancies.  The states then sign the fund transfer request.

Karnataka has certified 17 farmers till now and is yet to send the fund transfer request.

Over 2.7 crore small and marginal farmers have received the benefits till date.  About 30% of the beneficiaries are in the BJP ruled Uttar Pradesh.  The scheme was launched in Uttar Pradesh by Mr. Modi on February 24. 

Central budget – 2019-2020

Central budget – 2019-2020

The Central budget for the Fiscal year 2019-2020 was presented by the Interim Finance Minister Mr.Piyush Goyal today. 

The highlights of the Central Budget 2019-2020 are :

Central Budget 2019-2020 – Benefits to Tax Payers and Business:

Full tax rebate upto Rs.5 lakh

If the Gross income is Rs.6.5 lakh then there is no tax if invested in Provident Fund and Equities

Standard tax deduction of salaried persons raise from Rs. 40,000/- to Rs.50,000/-

TDS threshold – Rental income raised from Rs.1.8 lakh to Rs. 2.4 lakh

Roll over of capital tax gains – Investment in 2 residential properties/houses instead of one

Benefits U/S 80(i)BA – housing projects approved till 2019-20

Business with less than Rs.5 crore Annual turnover – 90% GST payers are allowed to return quarterly returns

2% interest subvention on loan of Rs.1 crore for GST registered MSME units.

Central Budget 2019-2020 Benefits to Farm Sector :

Income support scheme to be given in 3 equal instalments

 Income support for farmers holding less than 2 ha land

 Kisaan scheme to transfer Rs. 6,000 rupees/yr to small farmers

 To create PM Kissan Fund for small, medium farmers

 Increased allocation for Gokul scheme to 7.5 bln rupees

 1st installment of 2,000 rupees to be given to farmers soon

 Income support scheme to cost 750 bln rupees per year

 Farm income scheme to be effective from Dec 1, 2018

 120 million small farmers to benefit from income support scheme

 Farm income scheme to be fully funded by central govt

 To set up Rashtriya Kamdhenu Aayog

 To start drive to bring all farmers under Kisan credit plan

 2% interest subvention for animal husbandry, fisheries

impact of central budget 2019-2020 on SOCIAL SECTOR and EDUCATION :

Ayushman Bharat to provide facilities to 500 million people

To set up 22nd AIIMS in Haryana

5 billion rupee allocation for new “mega” pension plan

 Half of GDP is from 420 mln workers in informal sector

 Aim 80 million LPG connections under Ujjwala plan by next yr

 To allot more funds for new “mega” pension plan, if needed

 To give 3,000 rupees/month under new PM pension plan

 New pension plan for workers earning below 15,000 rupees/month.