From plate to plough: Fielding the right incentives
Income support under PM-Kisan is only one small step. It must be complemented by large-scale reforms in agri-marketing and trade policies.
Just ahead of the announcement of the 2019 general election dates, the prime minister launched the centrally sponsored ‘Pradhan Mantri Kisan Samman Nidhi’ (PM-Kisan) scheme of Rs 75,000 crore for small and marginal farm families. On February 24, from Gorakhpur in Uttar Pradesh, he transferred the first instalment of Rs 2,000 each (out of Rs 6,000 per annum) into the bank accounts of 1.01 crore farm families, amounting to Rs 2,021 crore. By March 9, 2.6 crore farm families had been given Rs 5,215 crore. The target is to cover about 12.6 crore beneficiary farm families by the end of March 2019.