Only 34% Of Failed Transactions Reverted Back To Farmers Under PM Kisan Scheme

PM Kisan scheme saw 61,04,877 failed transactions between February 1, 2019 and June 30, 2021. Of these, 34 per cent transactions were reverted back.

The Pradhan Mantri Kisan Samman Nidhi Yojana, better known as PM Kisan scheme, under which marginal farmers with up to two hectares of land are electronically given Rs 6,000 annually in three equal instalments, has seen 61,04,877 failed transactions between February 1, 2019 and June 30, 2021. However only 34 per cent or 20,88,010 transactions out of these failed transactions have been successfully reprocessed back to the beneficiaries during the said period, according to sources. Under the scheme, the promised amount is given in three equal instalments of Rs 2,000 each after every four months to small and marginal farmers. Sources in the Agriculture Ministry said that the percentage of failed transactions between February 2019 (when the scheme was launched by the Centre, after it was announced in the interim budget of that year) and June 2021 was less than one per cent or 61,04,877, out of the total of 68,76,55,195 transactions done under PM Kisan scheme during that period.