Cabinet extends PM-KISAN for five years to 2030-31 with ₹3.15 lakh crore outlay

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Pradhan Mantri Kisan Samman Nidhi scheme from 2026-27 to 2030-31.The government has allocated Rs 3.15 lakh crore for the scheme over the five-year period. PM-KISAN provides direct financial support to eligible landholding farmer families across India.Annual AssistanceUnder the scheme, eligible farmers receive Rs 6,000 every year. The amount is transferred directly into their bank accounts in three equal instalments of Rs 2,000 each.Launched in February 2019, PM-KISAN uses Aadhaar authentication, digital verification and the Direct Benefit Transfer system to ensure that financial assistance reaches eligible beneficiaries transparently.Funds TransferredThe government has transferred more than Rs 4.47 lakh crore to farmers through 23 instalments since the scheme was launched.Under the 23rd instalment, more than 9.49 crore farmers received over Rs 18,984 crore directly in their bank accounts, according to an official statement.During the Covid-19 pandemic, the Centre distributed more than Rs 1.71 lakh crore to help farmers manage financial difficulties.PM Modi To Release ₹18,880 Crore PM-KISAN Aid On June 20, Over 9.44 Crore Farmers To Benefit NationwideWomen BeneficiariesWomen farmers have received more than Rs 1.06 lakh crore under PM-KISAN. Nearly one in every four beneficiaries of the scheme is a woman.The financial assistance helps farmers purchase seeds, fertilisers, irrigation equipment and agricultural machinery. It also reduces their dependence on informal borrowing and improves the financial stability of rural families.Farming ImpactAn assessment by NITI Aayog’s Development Monitoring and Evaluation Office found that over 92 percent of beneficiaries used the money for farming activities and agricultural investment.Around 85 percent of beneficiaries reported higher agricultural income and reduced dependence on informal credit.PM Kisan 23rd Installment Update: ₹2,000 Payment Likely By June–July, Farmer ID Now Mandatory In 14 States Or Funds May Be BlockedBetween 2020-21 and 2025-26, the area under cultivation increased by around 9.65 percent, while agricultural productivity rose by approximately 10.53 percent.Total foodgrain production grew by nearly 21.18 percent during the same period. The government expects the scheme’s continuation to improve farm investment, raise productivity, reduce agricultural risks and provide further support to India’s rural economy.

Launched on February 24, 2019, Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a centrally sponsored scheme aimed at providing assured income support to farmers nationwide.

Under the scheme, each eligible farmer family receives annual financial assistance of Rs 6,000.