Centre extends PM-KISAN scheme for four more years, allocates ₹3.15 lakh crore
The Union Cabinet approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme for another four years, from 2026-27 to 2030-31, with a total financial outlay of ₹3.15 lakh crore. The scheme provides ₹6,000 annually to farmers and has already transferred over ₹4.47 lakh crore directly to farmers' bank accounts in 23 instalments since its launch in February 2019. The government highlighted that women farmers have received over ₹1.06 lakh crore, and the assistance has enhanced farmers' productive capacity, reduced informal credit dependence, and strengthened rural household financial stability.
Key Points
- The Union Cabinet extended the PM-KISAN scheme for four more years, until 2030-31.
- A total financial outlay of ₹3.15 lakh crore has been allocated for the extension.
- The scheme provides ₹6,000 per year to farmers and has disbursed over ₹4.47 lakh crore in 23 instalments.
- PM-KISAN has significantly benefited women farmers and improved farmers' financial stability and productive capacity.
Exam Facts
- Scheme: Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
- Extension period: 2026-27 to 2030-31.
- Total outlay: ₹3.15 lakh crore.
- Annual assistance: ₹6,000 per farmer.
- Launch date: February 2019.
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