To spur rural de­mand, govt speeds up PM-Kisan flow

AF­TER KHATTAR IN HARYANA, CM YOGI HINTS AT NRC IN UP, SAYS AS­SAM CAN BE A MODEL Un­der 60% Of July Tranche Trans­ferred

The Times of India (New Delhi edition) - - Times Nation - TIMES NEWS NET­WORK THE TIMES OF IN­DIA, NEW DELHI

New Delhi: Keen to boost rural de­mand amid weak eco­nomic con­di­tions, the agri­cul­ture min­istry is be­ing pushed to re­lease funds, es­pe­cially the sec­ond in­stal­ment of PM-Kisan, by the end of Septem­ber.

While the money, Rs 2,000 to each regis­tered farmer, was to be re­leased by July, only 59% of ben­e­fi­cia­ries have re­ceived the trans­fer in their ac­counts. In some states, just 3035% have re­ceived the funds, prompt­ing the fi­nance min­istry to take up the is­sue with the agri­cul­ture min­istry.

In the in­terim Bud­get, the Cen­tre had an­nounced the scheme to counter com­plaints of farm dis­tress. In any case, agri­cul­ture min­istry is one of the lag­gards, spend­ing just around 26% of its an­nual allo

(In lakh)

Ra­jasthan

Gu­jarat

Andhra

All In­dia

No. of ben­e­fi­cia­ries

% of ben­e­fi­cia­ries cation be­tween April and July, com­pared to 44% a year ago.

Sources said FM Nir­mala Sithara­man is keep­ing a close watch on spend­ing as the

govern­ment is keen to en­sure that planned ex­pen­di­ture takes place, es­pe­cially cap­i­tal spend­ing by min­istries and pub­lic sec­tor firms to keep the econ­omy well-oiled at a time when the pri­vate sec­tor is hold­ing back in­vest­ment.

States bar­ring As­sam, Haryana, Pun­jab, Gu­jarat, Himachal, UP and Ut­tarak­hand have not been very proac­tive in shar­ing the ver­i­fied list of ben­e­fi­cia­ries with the Cen­tre. A few Congress-ruled states, such as Ra­jasthan and MP, had in fact started shar­ing the list late, while Bengal has refused to come on board.

The ex­pen­di­ture de­part­ment is get­ting daily up­dates from other govern­ment agen­cies on re­lease of funds, in­clud­ing clear­ing of dues to MSMEs, which had com­plained of dues hav­ing piled up with PSUs and de­part­ments for years. At a time when liq­uid­ity is tight, re­leas­ing funds will en­sure there is ad­e­quate cash flow to these en­ti­ties. More funds to farm­ers through PM-Kisan is seen to be vi­tal to re­vive rural de­mand at a time when con­sumer goods and auto firms are wor­ried about tepid de­mand in the wake of un­even rains this mon­soon.

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