The Union Cabinet on 31 July 2026 approved the continuation of the PM‑KISAN scheme from FY 2026‑27 to FY 2030‑31, allocating a total of ₹3.15 lakh crore. The decision underscores the government’s pledge to place farmer prosperity at the core of national development.
Key Developments
- Extension of PM‑KISAN for five more financial years (2026‑27 to 2030‑31).
- Total outlay fixed at ₹3.15 lakh crore, covering annual assistance of ₹6,000 per farmer family.
- Since its launch in February 2019, more than ₹4.47 lakh crore has been transferred directly to farmers’ bank accounts through 23 instalments.
- In the 23rd instalment, over 9.49 crore farmers received ₹18,984 crore.
- Women farmers have benefited with over ₹1.06 lakh crore, representing roughly one‑fourth of all beneficiaries.
Important Facts
The scheme operates through the DBT system, ensuring timely and transparent cash flow. The Ministry of Agriculture highlighted that the funds enable farmers to invest in seeds, fertilisers, irrigation, machinery, and other inputs, thereby boosting productivity and reducing reliance on informal credit.
Exam Relevance
Understanding PM‑KISAN is crucial for several UPSC topics:
- Welfare Schemes (GS2): PM‑KISAN exemplifies a direct cash‑transfer model aimed at rural upliftment.
- Fiscal Management (GS3): The massive outlay and cumulative transfers illustrate government expenditure priorities and fiscal sustainability.
- Gender Inclusion (GS4): The significant share of women beneficiaries reflects policy focus on gender equity in agriculture.
- Institutional Mechanisms (GS2): The role of the Union Cabinet in approving scheme extensions showcases the legislative‑executive process.
Way Forward
For the scheme’s success, the following steps are essential:
- Strengthen bank‑level verification to ensure that only eligible families receive payments.
- Integrate PM‑KISAN data with other agricultural schemes to avoid duplication and enhance synergy.
- Monitor impact on farm productivity through periodic surveys and adjust assistance levels if needed.
- Promote greater awareness among women farmers to sustain and increase their participation.
Overall, the extension of PM‑KISAN signals the government’s continued commitment to direct farmer support, a key factor in rural economic stability and food security.