Modi launches PM-KISAN scheme, slams opposition

Image
IANS Gorakhpur
Last Updated : Feb 24 2019 | 1:50 PM IST

Prime Minister Narendra Modi on Sunday rolled out the ambitious PM-KISAN (Pradhan Mantri Kisan Samman Nidhi), a cash-transfer scheme, here in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and used the event to accuse the opposition of shedding crocodile tears for farmers.

The Centre had announced the PM-KISAN scheme in the 2019-20 Interim Budget. Under this, Rs 6,000 will be paid to 12 crore small and marginal farmers holding cultivable land of up to two hectares per year in three instalments.

Officials said the funds will be electronically transferred to the bank accounts of beneficiaries.

In his public address, the Prime Minister said that various previous governments had drafted similar schemes but never empowered the farmers. "They did not have the will to empower the farmer community but to keep them dependant."

This is why people voted for a single-party majority government in 2014, he said. "We are working to ensure that you get everything and that by 2022 you income is doubled."

Bank accounts of farmers in 21 states and union territories had already been credited with Rs 2,021 crore "as we talk", Modi said.

The first instalment had already reached their bank accounts and added that this was just the beginning, triggering huge applause.

Modi added that in times to come, Rs 75,000 crore would reach the bank accounts of these 12 crore small-time farmers.

He clarified that every bit of this amount would be borne by his government and that the states would have nothing to contribute except to honestly prepare a list of beneficiaries.

The Prime Minister said that states like Bihar and Uttar Pradesh had done their bit and warned governments of the states "doing politics on this issue" not to do so or they will face the wrath of the farmers.

"We may be on two sides of politics but why make farmers suffer?" he asked.

The Prime Minister cautioned farmers to be careful about canards being spread about this scheme by the opposition parties.

"When we announced this scheme in Parliament, their faced dropped fearing that now Modi will get the blessings of the farmers," he said, alleging that the loan waiver of Rs 52,000 crore done by the UPA government before the last general election was a farce.

"Against a Rs 6 lakh crore debt on farmers, this amount was too less and that too was given to people who favoured the then ruling party." Many who benefitted had nothing to do with agriculture, he added.

"Now all this is a thing of past and the benefits will be transferred to the bank accounts of farmers without middlemen, without any favouritism," the Prime Minister said.

--IANS

md/mr/pg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 24 2019 | 1:42 PM IST

Next Story