Budget 2019: Farmer payout Rs 6,000 won’t cost much but won’t mean much either

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Calculate the basic arithmetic of a farm’s expense (fertilizer, machinery, fuel, seeds) and an annual payment of Rs 6000, an average of Rs 16.40 per day, does not add much.

In fact, a payment of Rs 2,000 to about 12 million farmers before the following Lok Sabha surveys, that’s what the government’s long-awaited “farm package” presented in the Interim Budget for 2019-20 on Friday , it would be practically equivalent to.

Under the Pradhan Mantri – Kisan Samman Nidhi scheme (PM-Kisan), all farmers who cultivate up to two hectares (5 acres) will receive direct support of Rs 6,000 per year, payable in three equal installments of 2,000 rupees each.

According to the 2015-16 Agricultural Census, out of a total of 14.57 crore in operational farms, there were 12.56 crore of less than two hectares. The Interim Budget has provided Rs 75,000 million for PM-Kisan in 2019-20, which can more or less finance the proposed payment of Rs 6,000 for these farmers.