Extension of PM-KISAN Scheme
The Union Cabinet has approved a five-year extension of the PM-KISAN income support scheme until FY31, with a commitment of ₹3.15 lakh crore for direct cash transfers to eligible farmer families.
Financial Outlay and Disbursement
- Total outlay: ₹3,15,614 crore for the period 2026-27 to 2030-31.
- The scheme was launched in February 2019 and provides ₹6,000 annually to eligible landholding farmers in three instalments through the Direct Benefit Transfer (DBT) system.
- So far, the scheme has disbursed over ₹4.47 lakh crore through 23 instalments.
Impact and Beneficiaries
- The latest instalment transferred over ₹18,984 crore to more than 9.49 crore beneficiaries.
- Women farmers have received over ₹1.06 lakh crore, making up nearly one-fourth of all beneficiaries.
Assessment and Benefits
- The extension aims to help farmers with agricultural expenses, improve productivity, mitigate risks, and support rural economic growth by ensuring timely financial aid.
- An assessment by Niti Aayog's Development Monitoring and Evaluation Office found that over 92% of beneficiaries used the assistance for farm-related activities.
- About 85% reported higher farm incomes and reduced reliance on informal borrowing.
