financetom
Economy
financetom
/
Economy
/
Farmers receive first installment of PM Kisan Scheme: Here's what experts have to say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Farmers receive first installment of PM Kisan Scheme: Here's what experts have to say
Mar 9, 2019 7:15 AM

A controversy has erupted after FM Arun Jaitley tweeted that Karnataka has sent only 60,000 names to the centre so far, for the PM Kisan scheme. Karnataka government has disputed that statement and has said that it has already updated 3 lakh names on the national portal. CNBC-TV18 spoke to Siraj Hussain, former agri secretary to discuss the PM Kisan scheme.

Hussain said, "I think coverage of 2.3 crore farmers in such a short period of time is a great achievement for the government and it will surely be used during the election campaign, especially in major states of UP, Maharashtra, Madhya Pradesh etc. Also I find that my ex-colleagues in the UP cadre of IAS have done a very good job because in a very short period of time they have been able to collate the records of land holding with the bank accounts and other details of various beneficiaries, even the Aadhaar number has been linked even though government of India did not make it mandatory. So, all this work has been done by the revenue department of UP government in collaboration with agriculture department in a very short period of time. Some 75 lakh farmers in UP have received the money according to a report in Business Line, you have said 80 lakh farmers. So, well done UP and I only hope that other states will also do it fast enough."

He further added, "It is very clear that several states do not want to share this data with the central government because they may be thinking that the credit for this will then go to the central government and they are right in assuming that. I wrote an article in Mint last week in which I said very clearly that in this scheme there is no share of the state government. This very government in 2015-16 had changed the funding pattern of a large number of schemes when the allocation on the recommendation of the 14th Finance Commission was increased from 32 percent to 42 percent. In PM Kisan for political reasons, if I may say so, it was decided that the states will not have any share. So, it is very clear that the states see that if the money is actually transferred then all the credit will be taken by the central government. So, that is perhaps explaining the reluctance of several states in sharing the data with the central government. I am sure they have the data but they do not want to share it."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Jerome Powell and Economists Agree: Gen Z Faces a Hiring Crisis And That's Not About AI
Jerome Powell and Economists Agree: Gen Z Faces a Hiring Crisis And That's Not About AI
Sep 21, 2025
In 2025, the rising unemployment rate among Americans under 25, specifically recent graduates, has become a significant economic concern. This problem seems to be uniquely American, stemming from a “no hire, no fire” economy, rather than the advent of artificial intelligence (AI). Federal Reserve Chair Jerome Powell is worried about the current labor market. He pointed out that young college graduates, minorities,...
Trump to impose $100,000 fee for H-1B worker visas, White House says
Trump to impose $100,000 fee for H-1B worker visas, White House says
Sep 21, 2025
By Aditya Soni and Nandita Bose (Reuters) -U.S. President Donald Trump plans to impose a new $100,000 application fee for H-1B worker visas, a White House official said, potentially dealing a big blow to the technology sector that relies heavily on skilled workers from India and China. As part of his broader immigration crackdown, the Republican president was expected to...
Trump to impose $100,000 fee for H-1B worker visas, White House says
Trump to impose $100,000 fee for H-1B worker visas, White House says
Sep 21, 2025
By Aditya Soni and Nandita Bose (Reuters) - U.S. President Donald Trump plans to impose a new $100,000 application fee for H-1B worker visas, a White House official said, potentially dealing a big blow to the technology sector that relies heavily on skilled workers from India and China. As part of his broader immigration crackdown, the Republican president was expected...
Gen Z Is Graduating Into An AI Wall—Where Did The Jobs Go?
Gen Z Is Graduating Into An AI Wall—Where Did The Jobs Go?
Sep 21, 2025
Today's college graduates are walking into a job market that looks nothing like the one their older siblings entered, with artificial intelligence now taking over tasks that once formed the core of entry-level employment. The New York Federal Reserve reports that the unemployment rate for college graduates aged 22 to 27 hit 4.8% in June 2025. That's up from 3.8%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved