Only 34% Of Failed Transactions Reverted Back To Farmers Under PM Kisan Scheme

Under PM Kisan scheme, solely 34 per cent of failed transactions had been reverted again to farmers

The Pradhan Mantri Kisan Samman Nidhi Yojana, higher often called PM Kisan scheme, below which marginal farmers with as much as two hectares of land are electronically given Rs 6,000 yearly in three equal instalments, has seen 61,04,877 failed transactions between February 1, 2019 and June 30, 2021.

However solely 34 per cent or 20,88,010 transactions out of those failed transactions have been efficiently reprocessed again to the beneficiaries throughout the stated interval, in response to sources.

Under the scheme, the promised quantity is given in three equal instalments of Rs 2,000 every after each 4 months to small and marginal farmers.

Sources within the Agriculture Ministry stated that the share of failed transactions between February 2019 (when the scheme was launched by the Centre, after it was introduced within the interim price range of that yr) and June 2021 was lower than one per cent or 61,04,877, out of the overall of 68,76,55,195 transactions completed below PM Kisan scheme throughout that interval. 

However what stands out is the truth that out of these 61,04,877 failed transactions, solely 20,88,010 transactions or simply 34 per cent of them have been efficiently reprocessed again to the farmers, in response to the Agriculture Ministry's personal figures.

Also, because the scheme was specifically launched to profit small and marginal farmers, it's all the extra attention-grabbing to notice that in response to the provisional numbers of the tenth agriculture census 2015-16, Uttar Pradesh and Bihar are the 2 states which account for the biggest variety of operational holdings or in different phrases, have the biggest variety of small and marginal farmers.

In this gentle, in response to Ministry of Agriculture's figures, out of the ten,95,225 failed transactions pertaining to Uttar Pradesh throughout the above-mentioned interval of PM Kisan scheme, solely a paltry 8 per cent or 91,908 transactions had been reprocessed again to the beneficiaries.

Similarly in Bihar, out of the overall variety of 1,38,909 failed transactions below the formidable scheme, solely 9,493 or a meagre 6.8 per cent transactions had been reprocessed again to the farmers.

Small and marginal farmers with lower than two hectares of land account for 86.2 per cent of all of the farmers of the nation, in response to the agriculture census of 2015-16.

Under the PM Kisan scheme, the definition of a household of a small and marginal farmer consists of husband, spouse and minor kids.

It is the duty of the involved state governments to make sure that failed transactions are efficiently reprocessed to the farmer's checking account, if they've failed within the first try.

The states additionally should determine the beneficiary farmer households as per the eligibility standards of the PM Kisan scheme.