If the farmer sows two crops of Rabi and Kharif, then he gets 8,000 rupees from the government on one acre in the year. According to Business Today report, according to the report of Modi Government, money will be given to the farmer after the yield of the crop through DBT in the new scheme. When the farmers will be selling the crop, the government procurement center will be needed, at the same time their important details like base number, yield and land etc. will be recorded on point of sale machine. Later, on the basis of this, the central government will transfer the farmer's account to 4,000 rupees. An interest-bearing loan can be up to Rs 50,000 on one hectare. This farmer can not get more than Rs. 1 lakh. With the implementation of this plan, the Modi government can stop some other subsidies. Now the central government spends around 70,000 crores on fertilizer subsidy. It can be merged into this scheme.
In the year 2017-18, the government had set a target of distributing 10 lakh crore rupees under agricultural loans. About 70% of this loan has been taken as crop loan. Many banks have stopped lending after discussions of farmers' debt waiver. The new scheme will open another possibility for the farmers. Also, the cost of farming will also decrease. But some questions are being raised on the potential scheme.
Now what happning ?
Critics say that this scheme of the government will not be able to provide immediate relief to the farmers. Banks have more of their old debt. First they will have to repay that loan. On the other hand, the bad loans of the banks, that is, the NPA is constantly increasing. The bad loans of banks in the farming-farming sector have been around Rs 3 lakh crore. There is also a crisis in front of the banks.
Benefits of DBT got the farmers ?
The purpose of the government is to transfer the subsidy given to the farmers in the same way. The subsidy given by the government on fertilizer is given through fertilizer companies. This means that till now subsidy money has been transferred to the fertilizer companies. Recently some states have started giving fertilizer subsidy to the bank accounts of the farmers.The Central Government is looking forward to some such track. According to an official, the subsidy will go directly to the beneficiary ie the farmer's account with this change. Money will reach the needy.
In the year 2017-18, the government had set a target of distributing 10 lakh crore rupees under agricultural loans. About 70% of this loan has been taken as crop loan. Many banks have stopped lending after discussions of farmers' debt waiver. The new scheme will open another possibility for the farmers. Also, the cost of farming will also decrease. But some questions are being raised on the potential scheme.
Now what happning ?
Critics say that this scheme of the government will not be able to provide immediate relief to the farmers. Banks have more of their old debt. First they will have to repay that loan. On the other hand, the bad loans of the banks, that is, the NPA is constantly increasing. The bad loans of banks in the farming-farming sector have been around Rs 3 lakh crore. There is also a crisis in front of the banks.
Benefits of DBT got the farmers ?
The purpose of the government is to transfer the subsidy given to the farmers in the same way. The subsidy given by the government on fertilizer is given through fertilizer companies. This means that till now subsidy money has been transferred to the fertilizer companies. Recently some states have started giving fertilizer subsidy to the bank accounts of the farmers.The Central Government is looking forward to some such track. According to an official, the subsidy will go directly to the beneficiary ie the farmer's account with this change. Money will reach the needy.
