Prime Minister Narendra Modi with Union Ministers Rajnath Singh and Amit Shah during the first cabinet meeting, at the Prime Minister’s Office, in South Block, New Delhi (Photo: PTI)
Prime Minister Narendra Modi with Union Ministers Rajnath Singh and Amit Shah during the first cabinet meeting, at the Prime Minister’s Office, in South Block, New Delhi (Photo: PTI)

Day 1 of PM Modi's new government: Big boost for farmers, traders, students

  • Now, 14.5 crore farmers to be covered under PM Kisan scheme; to cost exchequer 87,000 crore annually
  • Pension scheme for traders under which 3 crore retail traders and shopkeepers will stand to benefit

New Delhi: Prime Minister Narendra Modi on Friday headed the first Cabinet meeting with the Union Ministers during which a bevy of decisions were taken in the field of education and agriculture. "Glad that path-breaking decisions were taken in the cabinet, the first in this tenure. Hardworking farmers and industrious traders will benefit greatly due to these decisions," Modi tweeted after the meeting of the cabinet. He said the decisions will enhance dignity and empowerment of several Indians. Here's a look at the key decisions that were taken at the Prime Minister’s Office.

Now, 14.5 crore farmers to be covered under PM Kisan scheme

In a major push to boost rural consumption, the Modi government in its first Cabinet meeting decided to cover all the farmers, irrespective of their land holdings, under PM Kisan scheme that promises to transfer 6,000 in their bank accounts, IANS reported.

The revised scheme envisages to cover 2 crore more farmers with an estimated expenditure of 87,217.50 crore in 2019-20. The previous government had estimated annual expenditure of 75,000 crore in the earlier version of the scheme.

"The Union Cabinet chaired by Prime Minister Narendra Modi approved the extension of PM-Kisan Yojana to all farmers. Nearly 14.5 crore farmers would now benefit from the scheme," said Agriculture Minister Narendra Singh Tomar, briefing the media about cabinet decisions.

Pension scheme worth 10,774 crore for farmers

The Union Cabinet also approved a proposal to provide pension cover to crores of farmers. The Centre would spend 10,774.5 crore for a period of three years on this, IANS reported.

The decision is expected to address the farm sector distress that has gripped the rural economy for some time now. One of the key contributors to the GDP growth, the agriculture and allied activities shrank in the financial year 2018-19.

As per the official data released on Friday, the agriculture sector grew at 2.9% in FY-19 as against the growth rate of 5% in the previous year.

Union Minister for Agriculture Narender Singh Tomer speaks as I &B Minister Prakash Javdekar and Minister of State (I/C) North Eastern Region Jitendra Singh look on at the press after the first Cabinet meeting, at Shastri Bhawan (Photo: PTI)
Union Minister for Agriculture Narender Singh Tomer speaks as I &B Minister Prakash Javdekar and Minister of State (I/C) North Eastern Region Jitendra Singh look on at the press after the first Cabinet meeting, at Shastri Bhawan (Photo: PTI)

Pension scheme for traders: 3 crore retail traders and shopkeepers to benefit

The Modi 2.0 government in its first Cabinet meeting Friday approved a new scheme, which assures minimum monthly pension of 3,000 to all shopkeepers, retail traders and self-employed persons after attaining the age of 60 years, fulfilling its poll promise.

The decision taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi here will benefit 3 crore retail traders and shopkeepers, PTI reported.

Five crore traders are expected to join the scheme in the next three years, Union Minister Prakash Javadekar said while briefing reporters at a press conference.

"All shopkeepers and self employed persons as well as retail traders with GST turnover below 1.5 crore and aged between 18-40 years can enrol for the scheme," an official statement said.

Interested persons can enrol themselves through over 3.25 lakh common service centres spread across the country. The government will make matching contribution in the subscribers' account, the statement added.

Cabinet approves 13,343-crore programme to control diseases among livestock

The Cabinet approved an ambitious scheme with a total outlay of 13,343 crores to fully control these diseases amongst the livestock in the country in the next five years, by subsequently eradicating them, PTI reported.

While briefing media, Javadekar said the scheme is in the interest of the farming community.

"This is an existing vaccination scheme under which the Centre and state governments contribute funds in the ratio of 60:40. In a rare instance of departure, the Central government has decided to now bear the entire cost," the minister said.

The disease of food and mouth disease (FMD) and brucellosis are common among the livestock -- cow, bulls, buffaloes, sheep, goats and pigs.

The scheme envisages vaccination coverage to 30 crore bovines (cows-bulls and buffaloes) and 20 crore sheep/goat and 10 million pigs.

Major changes in the 'Prime Minister's Scholarship Scheme'

In its first decision of its second tenure, Narendra Modi government has enhanced the amount to be paid as part of 'Prime Ministers Scholarship Scheme' under the National Defence Fund.

The rates of scholarship have been increased from 2,000 per month to 2,500 per month for boys and from 2,250 per month to 3,000 per month for girls.

The ambit of the scholarship Scheme has also been extended to the wards of state police personnel who "were martyred during terror/naxal attacks".

The quota of new scholarships for wards of state police personnel will be 500 in a year.

Close