Now Reading: Cabinet extends PM-KISAN scheme for 5 years at Rs 3.15 lakh crore
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Cabinet extends PM-KISAN scheme for 5 years at Rs 3.15 lakh crore
The Union Cabinet has approved a five-year extension of the PM-KISAN scheme, from now until the 2030-31 financial year, with a total outlay of Rs 3,15,614 crore. The decision was announced on…
The Story in Brief
The Union Cabinet has approved a five-year extension of the PM-KISAN scheme, from now until the 2030-31 financial year, with a total outlay of Rs 3,15,614 crore. The decision was announced on Friday by Information and Broadcasting Minister Ashwini Vaishnaw. Under the centrally sponsored scheme, each eligible farmer family gets Rs 6,000 per year, paid in three equal instalments of Rs 2,000 directly into Aadhaar-linked bank accounts through the Direct Benefit Transfer mechanism. The scheme was launched in February 2019 to provide assured income support to farmers across India.
The Indian Opinion
The government calls PM-KISAN a lifeline for farmers, and the Rs 3.15 lakh crore outlay is certainly large. But the reality is that Rs 6,000 a year per family works out to just Rs 500 a month, hardly enough to cover a bag of fertiliser. Critics who call it a vote-buying exercise and supporters who hail it as transformative are both exaggerating. The real test is whether the next government, whoever forms it, will keep the scheme or redesign it. And will the DBT system actually reach the millions of landless tenants who need it most?
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
