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    PM-KISAN fund allocation to be reduced by 20% in budget, says report

    PM-KISAN fund allocation to be reduced by 20% in budget, says report

    PM-KISAN fund allocation to be reduced by 20% in budget, says report
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    By CNBC-TV18  IST (Published)

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    The agriculture ministry has sought only Rs 60,000 crore for the next fiscal year as against last year’s Rs 75,000 crore.

    The fund allocation for the PM-KISAN scheme could be trimmed by 20 percent in the upcoming Union Budget, reported The Economic Times. The agriculture ministry has sought only Rs 60,000 crore for the next fiscal year as against last year’s Rs 75,000 crore for the Pradhan Mantri Kisan Samman Nidhi Yojana, an official told the paper.
    The reduction in fund demand comes due to the slow speed in which several states are identifying beneficiaries in addition to the fact that several existing recipients are yet to be Aadhaar verified, said the report.
    While Bengal has refused to join the process sates such as Bihar, Madhya Pradesh, Rajasthan, Maharashtra, Andhra Pradesh and Karnataka have identified less than two-thirds of the farmers, the report said.
    While the government had initially expected to bring over 14 crore farmers under the scheme, less than 10 crores have been registered yet. Further out of this registered farmer only 7.5 crores have yet been Aadhaar verified, the report added.
    This, in turn, has affected the distribution of the funds and the government has been able to disburse only Rs 44,000 crore so far this fiscal under the scheme that pays farmers Rs 6,000 a year, the official told the paper.
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