send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
That direct cash transfers (DCT) are the best way to support farmers — as opposed to subsidised supply of fertiliser and electricity or physical purchase of produce at above-market prices — is a well-established fact. The launch of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) by Prime Minister, therefore, welcome, except that it is too little too late.
The scheme provides a flat Rs 6,000 per year to all small and marginal farmers owning up to 5 acres of land — an estimated 12 crore — payable in three instalments.
There is no crop with a basic cultivation cost below Rs 10,000 per acre today.
An instalment of Rs 2,000 under PM-Kisan would enable a farmer to barely buy Bt cotton seeds for two acres, meet his fertiliser requirement of wheat for two-thirds of an acre or harvest cane from one-sixth of an acre.
So, even if the money is transferred directly into the farmer’s Aadhaar-seeded bank sans any leakage, its utility from a purely agricultural standpoint is quite limited.
Such a narrow time window and then blaming them — especially those ruled by the Opposition — for not showing interest in the scheme smacks of political opportunism.
Telangana and Odisha have come out with DCT schemes that, even if primarily politically-inspired, are more meaningful and effectively designed.
The Centre alone has, for 2019-20, budgeted a mammoth Rs 2,77,206 crore towards food, fertiliser and crop loan subsidies. This is over and above the Rs 75,000 crore provision towards PM-Kisan.
Abolishing the subsidy on fertiliser and farm credit — both of which have no real economic rationale — and limiting that on food to maintaining a minimum buffer stock to enable market intervention if necessary, it would be possible to create a Central DCT fund.
The money from this can be used not only for resource-poor landowning farmersbut even share-croppers, landless agricultural labourers and other vulnerable households in both rural and urban areas.
And with Aadhaar-seeded bank accounts and digitisation of land records, it can be well-targeted too.
By: VISHAL GOYAL ProfileResourcesReport error
Access to prime resources
New Courses