PM- Kisan : Is Economic Slowdown Preventing Disbursement of Funds?

Uttar Pradesh, the state which has a lion’s share in the total count of Indian Farmers, hasn’t yet payed the third installment under the PM-Kisan Samman Nidhi. The finance ministry is concerned over the issue of delayed grants. Expressing her worries on the delayed grants in many states, Nirmala Sitharaman has directed officials to look into this matter. “We have asked the Agriculture Secretary to look into this and provide us a status in slow-moving states and expedite payments,” said an official who wishes to remain anonymous.

Is Economic Slowdown A Reason?

The economic slowdown is in fact a grave issue which makes the rural demands an important issue to be dealt with. The Agricultural and farming industry is the most sought-after rural profession. According to the Registrar General of India & Census report 2011 the total farmer population of India is 118.7 million (2011) & 144.3 million agricultural workers/laborer. It might be sufficing to conclude the slow growth and development of the rural part of the country to be a major reason for this economic slowdown. Hence, it makes the issue of paying installments timely of even more importance.

PM- Kisan

What Is PM-Kisan Samman Nidhi?

PM-Kisan Samman Nidhi is a central sector scheme which receives 100% funding from the Government of India. The scheme came out as a supporting edge for the farmers of the country. Under the scheme, the beneficiaries will get an income support of Rs.6000/- per year, in a course of 3 installments. According to PM-KISAN data 6.47 crore farmers benefited from the scheme during the first installment. Although the number of beneficiaries dipped to 3.83 crore during the second installment. The third portion is expected between August 1 and November 30. However, till date an aggregate of 94.88 lakh farmers nation-wide have been paid Rs 2,000 each. Andhra Pradesh, Gujarat and Telangana are the three states, having dispensed the third portion to practically 16.35 lakh, 13.99 lakh and 11.03 lakh farmers.

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Decreasing Number of Recipients

In every state, the number of recipients who got their installments has diminished gradually from first to second. In Madhya Pradesh more than 36 lakh farmers were proposed recipients of the plan. 32 lakhs were credited with the sum in first portion while just somewhat more than 9,000 got the subsequent portion. Likewise, out of a sum of 7.1 crore focused on farmers, while 6.4 crore got the first installment. To a surprise just 3.8 crore got the second portion. Moreover, until now, approximately 94 lakh farmers have the third installment.

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The reason behind this gradually diminishing beneficiary count might be due to the reason that during the first installment the mentioned guidelines under the scheme allowed alternate documents for verification of identity in cases where the farmers did not have Aadhar. Hence, the pay outs were the highest in the first instalment. The postponement in discharging installment orders for the consequent installments was because of a guideline under the plan that distributions be made simply subsequent to seeding the Aadhaar number of farmers with their financial balances for direct transfer, clarified the UP-government official. Recipients not having Aadhaar should be obligatorily selected for the special identity number. Exchange of resulting installments would be done distinctly based on Aadhaar seeded information base.

Rashi Sharma