Financial News

PM-Kisan: Rs 20,000 crore transferred to farmers’ accounts

Products You May Like

Amid the second wave of Covid pandemic, the prime minister selected the event to ship a message to the agricultural India that the federal government is wise to their issues and has been doing its finest to ameliorate their situations.

Prime Minister Narendra Modi on Friday launched over Rs 20,000 crore into financial institution accounts of greater than 9.5 crore farmers underneath the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, taking the full disbursal to over Rs 1.36 lakh crore for the reason that scheme’s launch in February 2019.

Throughout a televised deal with to the farmers, Modi additionally urged farmers to get vaccinated at any time when they get the chance whereas persevering with with carrying masks and sustaining social distancing even after vaccination.

Associated Information

Out of over 9.5 crore beneficiaries who obtained the PM-Kisan instalment for the April-June interval, as many as 40 lakh farmers obtained a number of instalments together with the present one. “These farmers have been eligible to get earlier instalments since fee couldn’t be transferred because of varied causes,” a authorities official mentioned.

Over seven lakh farmers in West Bengal, who obtained the PM-Kisan profit for the primary time after the state determined to implement the Central scheme, have been paid collectively 2 instalments totalling Rs 4,000 every since registration was performed earlier than April, sources mentioned.

Underneath the scheme, every land-owning farmer is entitled to get Rs 6,000 yearly in three equal instalments of Rs 2,000 every as direct earnings help.
As a lot as Rs 60,000 crore has gone into the arms of farmers within the corona interval (after April 2020), Modi mentioned emphasising that small and medium farmers have been immensely benefited from the earnings help scheme.

The prime minister additionally mentioned that aside from PM-Kisan, the Centre has additionally ensured file procurement of paddy and wheat by immediately transferring the quantity to financial institution accounts of farmers. Whereas about Rs 60,000 crore has been paid by direct profit switch (DBT) to wheat farmers throughout the nation, up to now within the on-going buy season, Rs 27,000 crore has been paid in Punjab and Haryana, he mentioned.

Amid the second wave of Covid pandemic, the prime minister selected the event to ship a message to the agricultural India that the federal government is wise to their issues and has been doing its finest to ameliorate their situations.

“Such a extreme epidemic that got here after 100 years is taking the take a look at of the world. There’s an invisible enemy in entrance of us, which can also be altering colors. The ache that the countrymen have endured for a while, the ache that many individuals have gone by, I’ve been feeling the identical. I’m a accomplice of all of your sentiments because the pradhan sevak (principal servant) of the nation,” Modi mentioned. Any impasse related to the assets within the battle towards the second wave of Corona is being quickly overcome as efforts are being made to work on a battle footing, he added.

Highlighting that round 18 crore vaccine doses have been given throughout the nation, the prime minister urged everybody to register for the vaccine when their flip comes and comply with the prescribed Covid acceptable behaviour like carrying masks and sustaining social distancing always. The vaccine is a vital technique of safety towards Corona and can cut back the danger of significant sickness, he added.

Previous to delivering his speech, Modi additionally interacted with choose six farmers of various states to showcase how the farming neighborhood has been getting advantages of varied authorities schemes like Namami Gange, pure farming (rainfed space), natural worth chain growth, certification programme and Kisan Credit score Card.

The federal government has been continuously making an attempt to supply new options and new choices in farming and selling natural farming is one such effort because it delivers extra revenue.

Modi mentioned natural farming is being practised on each banks of river Ganga and inside a radius of about 5 kilometers, in order that the Ganga stays clear.

The PM-Kisan scheme, launched in February 2019 (made efficient from December 2018) to present earnings help to farmers, price the exchequer about Rs 1,241 crore in FY19, Rs 48,714 crore in FY20 and Rs 65,000 crore in (RE) FY21. The finance minister has saved the allocation unchanged at Rs 65,000 crore for FY22.

Are you aware What’s Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Data Desk explains every of those and extra intimately at Financial Express Explained. Additionally get Stay BSE/NSE Stock Prices, newest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t overlook to strive our free Income Tax Calculator software.

Monetary Categorical is now on Telegram. Click here to join our channel and keep up to date with the newest Biz information and updates.

Products You May Like