Subscribe to get Updates
  • Login
Digital Horse LaKaHa
  • Home
  • Business
    • Gold
    • Market
    • Money
    • Stock
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Kids
    • Recipe
  • Health
    • Diet
    • Exercise
    • Fitness
  • Lifestyle
    • Fashion
    • Music
    • Sports
    • Travel
  • Services
    • Care Services
    • Cleaning Services
    • Customer Service
    • Errand Services
    • Home Services
    • Office Services
    • Online Services
    • Transport Service
    • Writing Service
  • Technology
  • Contact Us
  • Pages
    • Privacy Policy
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Terms of Use
  • Home
  • Business
    • Gold
    • Market
    • Money
    • Stock
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Kids
    • Recipe
  • Health
    • Diet
    • Exercise
    • Fitness
  • Lifestyle
    • Fashion
    • Music
    • Sports
    • Travel
  • Services
    • Care Services
    • Cleaning Services
    • Customer Service
    • Errand Services
    • Home Services
    • Office Services
    • Online Services
    • Transport Service
    • Writing Service
  • Technology
  • Contact Us
  • Pages
    • Privacy Policy
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Terms of Use
HealthNews
No Result
View All Result
Home Business Money

Under PM Kisan Scheme, Why is Money Credited Into Some Farmers’ Accounts Quickly Deducted?

Natasha Gonzalez by Natasha Gonzalez
June 12, 2025
in Money
0

New Delhi: A proper to facts (RTI) question filed by The Wire has discovered that crores of rupees credited to farmers’ debts under the Modi authorities’ bold PM Kisan Samman Nidhi (PM-Kisan) scheme were reversed within hours.

The BJP has been championing the PM-Kisan Yojana as a chief accomplishment in its rallies for the ongoing Lok Sabha elections. Launched on February 24, PM Modi defined the scheme as a substantial step closer to improving tfarmers’circumstance However, files accessed employing The Wire screen that the deposits of Rs 2,000—given to many farmers as the first installment—were reversed within a few hours or a few days in a few cases. The scheme affords Rs 6,000 yearly, in 3 installments of Rs 2,000, to farmers who own land totaling hectares or less. In reaction to the RTI query, the nineteen national banks within the State Bank of India, Bank of Maharashtra, UCO Bank, Syndicate Bank, and Canara Bank admitted that for some of the beneficiaries, the cash credited to the farmers’ debts under the PM-Kisan Yojana has been debited.

Banks claim a lack of awareness of the debited price range.

The State Bank of India (SBI), India’s largest financial institution, said that 27,307 such bills existed until March 8, 2019, and a total of Rs 546 crore had been deposited, after which it was reversed. The SBI additionally said it had credited Rs 854.85 crore in approximately f4274,000 money owed until March 8, 2019, under the PM-Kisan scheme.

Similarly, the Bank of Maharashtra showed that some of the cash deposited within the farmers’ accounts under the scheme had been deducted. The bank said that it had deposited around Rs 37.70 crore in 1,88,000 bills, of which Rs 61.2 lakh has been reversed.

According to this response, the money deposited beneath the PM’s farmer scheme has been debited through the Bank of Maharashtra from almost 3,060 farmers’ owed money.
Meanwhile, in response to the RTI question, the UCO Bank said that on February 24, Rs 58.38 lakh was debited from 2,919 accounts. The assistant trendy manager of the financial institution, A.K. Barua, said that the price was reversed due to incorrect beneficiary account numbers or other issues regarding Aadhaar playing cards.

However, upon further inquiries with The Wire’s aid about whether or not the account numbebeneficiaries’ account numbers were and payments processed again, the financial institution no longer replied. According to data, the UCO financial institution had deposited Rs 30.28 crore in 1,51,000 money owed under the PM-Kisan scheme until February 24.

Another countrywide financial institution, Syndicate Bank, answered the RTI query by saying that since it had to accumulate the information from different branches throughout the country, it couldn’t receive it under Section 7 (9).
In reaction to the RTI, Andhra Bank claimed it had deposited around Rs hundred and seventy crores in nearly 8,54,000 accounts. Of this, Rs 90,50,02,178 had been “withdrawn.” When The Wire sought rationalization, the bank’s preferred manager, M. Satyanarayana Reddy, claimed that the debited amount – more than Rs 90 crore – was withdrawn through farmers.

However, he changed into not explaining how the bank decided whether or not the withdrawal of Rs 2,000 from an account was crafted from the amount deposited underneath the PM-Kisan scheme instead of a normal withdrawal by the account holder from their financial savings.
Another nationalized bank, Canara Bank, has stated that numerous instances have surfaced where the money deposited underneath the PM-Kisan scheme becomes debited. However, the bank did not offer information about the full number of such cases.

Previous Post

Saving cash isn’t always the first factor to do in lifestyles: Buffett

Next Post

Can’t handle your finances well? You can be stricken by a money disorder

Natasha Gonzalez

Natasha Gonzalez

Web enthusiast. Alcohol fanatic. Communicator. Friendly creator. Friend of animals everywhere. Hipster-friendly social media geek. Skier, vegan, music blogger, Vignelli fan and front-end designer. Acting at the intersection of modernism and function to craft delightful brand experiences. My opinions belong to nobody but myself.

Next Post
Can’t handle your finances well? You can be stricken by a money disorder

Can't handle your finances well? You can be stricken by a money disorder

No Result
View All Result

Latest Post

Court reverses choice on Trump’s workforce govt orders

Court reverses choice on Trump’s workforce govt orders

January 2, 2025
The onus, A manner to outsource errands

The onus, A manner to outsource errands

January 2, 2025
Passport workplace cautions public against faux websites

Passport workplace cautions public against faux websites

January 2, 2025
Slack isn’t worried about Microsoft’s big Teams to push

Slack isn’t worried about Microsoft’s big Teams to push

January 2, 2025
German schools ban Microsoft Office

German schools ban Microsoft Office

January 2, 2025
Swisscom release 5G roaming carrier

Swisscom release 5G roaming carrier

January 2, 2025

Subscribe Now

Loading

Today Trending

Fire At Health Services Office In Delhi

Fire At Health Services Office In Delhi

July 10, 2025
Australian Taxation Office portals

Australian Taxation Office portals

July 10, 2025
This app shall we seniors e book “grandkids on call for”

This app shall we seniors e book “grandkids on call for”

July 10, 2025

Trending Today

Cent stops Wendy Williams from coming into his birthday celebration

Cent stops Wendy Williams from coming into his birthday celebration

January 6, 2025
What changed for D-Street while you have been snoozing

What changed for D-Street while you have been snoozing

January 6, 2025
How to invest in gold amid falling prices?

How to invest in gold amid falling prices?

January 7, 2025

Popular Post

Fire At Health Services Office In Delhi

Fire At Health Services Office In Delhi

July 10, 2025
Australian Taxation Office portals

Australian Taxation Office portals

July 10, 2025
This app shall we seniors e book “grandkids on call for”

This app shall we seniors e book “grandkids on call for”

July 10, 2025

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service
  • Home
  • Privacy Policy
  • About Us
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Terms of Use

© 2020-2025 dhlkh - All Rights Reserved

No Result
View All Result
  • Home
  • Business
    • Gold
    • Market
    • Money
    • Stock
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Kids
    • Recipe
  • Health
    • Diet
    • Exercise
    • Fitness
  • Lifestyle
    • Fashion
    • Music
    • Sports
    • Travel
  • Services
    • Care Services
    • Cleaning Services
    • Customer Service
    • Errand Services
    • Home Services
    • Office Services
    • Online Services
    • Transport Service
    • Writing Service
  • Technology
  • Contact Us
  • Pages
    • Privacy Policy
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Terms of Use

© 2020-2025 dhlkh - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In