The yojana is estimated to cost the exchequer Rs 75,000 crore annually and benefit more than 120 million small and marginal farmers in India
Bahujan Samaj Party president Mayawati on Sunday termed the PM-KISAN scheme an insult to the farmers, saying the BJP was hoodwinking them before the general election. "Rs 500 a month to poor farmers under PM Kisan Samman Nidhi is an insult of farmers. Farmers believe in their labour and want remunerative price of their produce but BJP mentality to give them little monetary help is atrocious and arrogant. BJP has failed to fulfil their promise," Mayawati tweeted soon after Prime Minister Narendra Modi launched the ambitious Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) at a gathering in Uttar Pradesh's Gorakhpur on Sunday. "Giving @ Rs 17 per day to few farmers just before (the) Lok Sabha elections is pure hoodwinking. BJP reflects poor in their thinking towards farmers and solving their misery. BJP misused govt power & machinery in a brazen manner and still not hesitating," the Dalit leader said. The scheme, announced in the interim Union budget, seeks to give Rs 6,000 per year in .
PM Modi noted that the government wanted to empower farmers at all levels in order to double their income by 2022
Inflation is below 3 per cent, forex reserves have been built up and fiscal deficit has been brought under control in five years of his leadership
The income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal instalments of Rs 2,000 each
Governments make budgets to retain and consolidate their hold on power, not to please opponents or economists
How PM-KISAN scores over loan waivers and Rythu Bandhu
With rural distress said to have been a major contributor for BJP's defeat in the Assembly elections in three Hindi heartland states, govt is banking on DIS of Rs 6,000 per year to change the tide
The scheme benefit will be allowed on transfer of ownership of cultivable land on account of succession, as per the letter sent by Agriculture Secretary to the states