PM releases 10th instalment of PM-KISAN


In line with the continued commitment and resolve to empower grassroot level farmers, Prime Minister Shri Narendra Modi released 10th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme today via video conferencing. This enabled the transfer of an amount of more than Rs. 20,000 crore to more than 10 crore beneficiary farmer families.During the programme, Prime Minister also released equity grant of more than Rs. 14 crore to about 351 Farmer Producer Organizations (FPOs), which will benefit more than 1.24 lakh farmers. Prime Minister interacted with FPOs during the event. Union Minister Shri Narendra Singh Tomar and Chief Ministers, LGs, Agriculture Ministers and farmers from several states were linked to the event.


Interacting with FPO from Uttarakhand, the Prime Minister inquired about the choice of organic farming by them and the  ways of certification of the organic products. He also talked about the marketing of the organic products of the FPO. The FPO also told the Prime Minister how they arrange for organic fertilizers. The Prime Minister said that it has been the efforts of the government that natural and organic farming is widely promoted as it reduces the reliance on chemical fertilizer and improves the income of the farmers.


The FPO from Punjab informed the Prime Minister about the ways of disposing off the parali without burning.  They also talked about the superseeder and  help from government agencies. The Prime Minister wished that their experience of Parali management should be emulated everywhere.


FPO from Rajasthan talked about the honey production. They said that concept of FPO has been very useful for them with the help of NAFED.


FPO from Uttar Pradesh thanked the Prime Minister for creating FPOs as foundation of the prosperity of the farmers. They talked about their process of helping the members with seeds, organic fertilizers, variety of horticulture products. They also talked about helping farmers with getting benefits of the government schemes. They are getting benefits of e-Nam facilities. They promised to fulfil the Prime Minister’s vision of doubling the farmers income. The Prime Minister said that the confidence of the country’s farmer is the key strength of the country.


FPO from Tamil Nadu informed that with NABARD support, they formed FPO to get better prices and the FPO is fully owned and operated completely by women. They informed the Prime Minister that Sorghum is being produced due to the weather conditions of the area. The Prime Minister said Nari Shakti’s success is indication of their indomitable will power. He asked the farmers to take benefits of millet farming.


FPO from Gujarat talked about natural farming and how cow-based agriculture can reduce the expense and stress on soil. Tribal communities of the region are also benefitting from the concept.


Speaking on the occasion, the Prime Minister offered his condolences for the victims of stampede at Mata Vaishno Devi shrine. The Prime Minister also informed that he talked to the LG Shri Manoj Sinha regarding the arrangements for the injured.


The Prime Minister said that today when we are entering the new year,  we need to embark upon a new journey taking inspiration from the achievements of the past years. The Prime Minister recalled the nation’s effort in fighting the pandemic, vaccination and making arrangement for the vulnerable sections during the difficult period. Country is spending 2 lakh 60 thousand crore rupees on making ration available to the vulnerable sections. The Prime Minister said that the governemnt is working relentlessly to strengthen its medical infrastructure. He listed efforts like new oxygen plants, new medical colleges, wellness centres, Ayushman Bharat Health Infrastructure Mission and Ayushman Bharat Digital Health Mission in the direction of revamping medical infrastructure.


The country is moving with the mantra of SabkaSaath, Sabka Vikas and SabkaPrayas. Many people are spending their lives for the country, they are building the country. The Prime Minister said that they used to do this work earlier also, but now there work is being recognized.  “This year we will complete 75 years of our independence.This is the time to start a new vibrant journey of the country’s resolves, to move forward with renewed vigour”, he said. Elaborating on the power of collective effort, the Prime Minister pointed out “when 130 crore Indians take one step, it is not merely one step but it amounts to 130 crore steps.”


Speaking about economy, the Prime Minister said that on many parameter, Indian economy is looking better than pre-covid days. He pointed out that “today the growth rate of our economy is more than 8%. Record foreign investment has come to India. Our forex reserves have reached record levels. Old records have also been surpassed in GST collection. We have also set new records in the matter of exports, especially in agriculture.” He said that in 2021 transection of more than 70 lakh crore rupees was done on UPI. More than 50 thousand start-ups are working in India out of these 10 thousand came up during last six months.


Year 2021, the Prime Minister said, was also the year of strengthening India’s cultural heritage. Initiatives like beautification and development of Kashi Vishwanath Dham and Kedarnath Dham, Renovation of Samadhi of Aadi Shankaracharya, restoration of stolen idol of goddess Annapoorna, construction of Ram Mandir in Ayodhya and getting World Heritage status for Dholavira and Durga Puja festival are strengthening India’s heritage and enhancing its tourism and pilgrimage potential. 


Year 2021 was an year of optimism for the Matra-Shakti also. Sainik Schools were opened for girls along with the doors of National Defence academy. In the year just gone by, attempts  were initiated for raising marriage age for girls be raised to 21, equal to boys. Indian sports persons also brought glory to the nation in 2021. India is making unprecedented investment in the sporting infrastructure of the country, the Prime Minister informed.


Leading the world against climate change, India has also set a target of Net Zero Carbon Emission in front of the world by 2070. Many records of renewable energy, the Prime Minister said, are being met by India before time. Today India is working on hydrogen mission, taking lead in electric vehicles, he pointed out.  The Prime Minister continued and said  that PM Gatishakti National Master Plan is going to give a new edge to the pace of infrastructure construction in the country. “Giving new dimensions to Make in India, the country has implemented ambitious plans for new sectors like chip manufacturing, semiconductor”, he added.


The Prime Minister summarized the mood of today’s India saying “devotingto the nation with the spirit of ‘Nation First’, is becoming the sentiment of every Indian today. And that is why, today there is unity in our efforts and in our resolutions.There is impatience for accomplishment. Today there is consistency in our policies and farsightedness in our decisions.”


The Prime Minister said that PM Kisan Samman Nidhi is a big support for India’s farmers. If we include today’s transfer,  more than 1.80 lakh crore rupees have been transferred directly to the accounts of the farmers, he said.


The Prime Minister said that through FPO’s small farmers are feeling the power of collective strength. He pointed out five benefits of FPOs for small farmers. These benefits are increased bargaining power, scale, innovation, risk management and adaptability to the market conditions. Keeping in mind the benefits of FPO’s the government is promoting them at every level. These FPOs are getting help of upto 15 lakh rupees. As a result, FPOs like Organic FPOs, Oil Seed FPOs, Bamboo clusters and Honey FPOs are coming up all over the country. “Today our farmers are benefitting from the schemes like ‘One District One Products’ and markets, both nation and global, are opening for them”, the Prime Minister said. He said that reliance on imports is being reduced by schemes like National Palm Oil Mission with a budget of 11 thousand crore rupees.


The Prime Minister talked about the milestones that were achieved in the agriculture sector in the recent years. Food grain production touched 300 million tonnes, similarly Horticulture and floriculture production reached 330 million tonnes. Milk production also increased almost 45 per cent in last 6-7 years. About 60 lakh hectare land was brought under micro irrigation; more than 1 lakh crore were given in compensation under Prime Minister FasalBimaYojna, whereas premium received was just 21 thousand crores. Ethanol production increased from 40 crore litres to 340 crore litres in just seven years. The Prime Minister also informed about the Goberdhan Scheme to promote bio-gas. If there will be value in cow dung, he said, the non miltching animals will not be burden on farmers. The Government has established Kaamdhenu Commission and is strengthening dairy sector infrastructure.


The Prime Minister once again pushed for promotion of natural farming. He said that chemical-free farming is a major way of protecting the health of soil. Natural farming is a key step in this direction, he said. He asked for making every farmer aware of the processes and benefits of natural farming. The Prime Minister concluded by calling upon the farmers to keep on doing innovation in farming and support the movement like cleanliness.


Addressing the gathering, Union Minister for Agriculture and Farmers’ Welfare Shri Narendra Singh Tomar thanked Prime Minister Shri Narendra Modi for providing a sufficient budget for the successful implementation of the PM-KISAN scheme. The Minister said that no one had demanded a scheme like Samman Nidhi but the PM thought that a scheme like PM-KISAN is necessary to achieve the target of doubling the farmers’ income. Shri Tomar also thanked PM for promoting natural farming in the country. “I am sure that natural farming will emerge as Abhiyan in the country and it will help to safeguard the productivity of our agricultural land. It will help in increasing farmers’ income and thus farmers will be able to make a huge contribution in the making of Aatmanirbhar India”, the Minister added.


Click here for State wise fund transferred to farmers


Watch LIVE https://t.co/y11tySHcNG

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PM to release next instalment of PM-KISAN on 9th Aug

Prime Minister Shri Narendra Modi will release the next instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on 9th August, 2021 at 12:30 PM via video conferencing. This will enable the transfer of an amount of more than Rs. 19,500 crores to more than 9.75 crores beneficiary farmer families. Prime Minister will interact with farmer beneficiaries during the event and will also address the nation.

About PM-KISAN

Under the PM-KISAN scheme, a financial benefit of Rs. 6000/- per year is provided to the eligible beneficiary farmer families, payable in three equal 4-monthly installments of Rs.2000/- each. The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, Samman Rashi of over Rs. 1.38 lakh crores has been transferred to farmer families so far.

Union Agriculture Minister will also be present on the occasion.

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16th Instalment of Rs.5,000 crore released to the States to meet the GST compensation shortfall.

This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States

The Ministry of Finance, Department of Expenditure has released the 16th weekly instalment of Rs.5,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs.4,597.16 crore has been released to 23 States and an amount of Rs.402.84 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.

Till now, 86 percent of the total estimated GST compensation shortfall has been released to the States & UTs with Legislative Assembly. Out of this, an amount of Rs.86,729.93 crore has been released to the States and an amount of Rs.8,270.07 crore has been released to the 3 UTs with Legislative Assembly.

The Government of India had set up a special borrowing window in October, 2020 to meet the estimated shortfall of Rs.1.10 Lakh crore in revenue arising on account of implementation of GST. The borrowings are being done through this window by the Government of India on behalf of the States and UTs. 16 rounds of borrowings have been completed so far starting from 23rd October, 2020.

The amount released this week was the 16th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.6480%. So far, an amount of Rs.95,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7831%. 

In addition to providing funds through the special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 % of Gross States Domestic Product (GSDP) to the states choosing Option-I to meet GST compensation shortfall to help them in mobilising additional financial resources. All the States have given their preference for Option-I. Permission for borrowing the entire additional amount of Rs.1,06,830 crore (0.50 % of GSDP) has been granted to 28 States under this provision.

The amount of additional borrowing permission granted to 28 States and the amount of funds raised through special window and released to the States and Union Territories so far is annexed.

State wise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States/UTs till 15.02.2021

(Rs. in Crore)

S. No.

Name of State / UT

Additional borrowing of 0.50 percent allowed to States

Amount of fund raised through special window passed on to the States/ UTs

1

Andhra Pradesh

5051

2167.20

2

Arunachal Pradesh*

143

0.00

3

Assam

1869

932.42

4

Bihar

3231

3661.70

5

Chhattisgarh

1792

1833.65

6

Goa

446

787.61

7

Gujarat 

8704

8647.89

8

Haryana

4293

4081.14

9

Himachal Pradesh 

877

1610.17

10

Jharkhand

1765

996.13

11

Karnataka

9018

11634.88

12

Kerala

4,522

3729.00

13

Madhya Pradesh

4746

4259.37

14

Maharashtra

15394

11231.97

15

Manipur*

151

0.00

16

Meghalaya

194

104.97

17

Mizoram*

132

0.00

18

Nagaland*

157

0.00

19

Odisha

2858

3584.17

20

Punjab

3033

5405.84

21

Rajasthan

5462

3622.50

22

Sikkim*

156

0.00

23

Tamil Nadu

9627

5852.85

24

Telangana

5017

1703.56

25

Tripura

297

212.15

26

Uttar Pradesh

9703

5633.14

27

Uttarakhand

1405

2172.07

28

West Bengal

6787

2865.55

 

Total (A):

106830

86729.93

1

Delhi

Not applicable

5499.96

2

Jammu & Kashmir

Not applicable

2130.51

3

Puducherry

Not applicable

639.60

 

Total (B):

Not applicable

8270.07

 

Grand Total (A+B)

106830

95000.00

* These States have ‘NIL’ GST compensation gap