PM-KISAN to continue till 2030-31; Cabinet clears ₹3.15 lakh crore allocation
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme from 2026-27 to 2030-31, with a financial outlay of ₹3.15 lakh crore.
Launched in February 2019, the PM-KISAN scheme provides ₹6,000 annually to eligible landholding farmer families in three equal instalments through the Direct Benefit Transfer (DBT) system. The government said the extension reaffirms its commitment to supporting farmers by providing timely and transparent income assistance.
According to the government, more than ₹4.47 lakh crore has been transferred directly into farmers’ bank accounts through 23 instalments since the scheme’s launch. Under the 23rd instalment, over 9.49 crore farmers received financial assistance amounting to more than ₹18,984 crore. During the COVID-19 pandemic, the scheme disbursed over ₹1.71 lakh crore to support the farming community.
The Centre said women farmers have received more than ₹1.06 lakh crore under the scheme, with nearly one in four beneficiaries being women.
Citing an evaluation by NITI Aayog’s Development Monitoring and Evaluation Office (DMEO), the government said over 92% of beneficiaries used the assistance for agricultural activities and investments, while around 85% reported higher farm income and reduced dependence on informal credit.
The government said the scheme has helped farmers invest in seeds, fertilisers, irrigation and farm equipment, improving productivity and strengthening rural financial stability. It also highlighted PM-KISAN as a successful example of Digital India, with Aadhaar-based authentication and digital verification ensuring transparency and efficient delivery of benefits.
The Cabinet said the continuation of the scheme is expected to further strengthen agricultural investment, improve farmers’ livelihoods and contribute to the vision of Viksit Bharat through a more resilient rural economy.
