PM-KISAN provides income support of ₹6,000 per year to all landholding farmer families, paid in three installments of ₹2,000 directly to bank accounts. 21 installments completed; 9.8 crore farmers covered per installment; ₹4.09 lakh crore disbursed since inception in 2019.
Target Beneficiaries: 9.8 crore farmer families; 21 installments completed; ₹4.09 lakh crore total disbursed since 2019
63500
Funding Ratio (Centre:State): 100% Central Sector Scheme
GS Paper: GS3
Syllabus Tags
Announced in the Interim Budget 2019, initially for Small and Marginal Farmers (SMFs), later extended to all landholding farmers.
Voluntary pension scheme for PM-KISAN beneficiaries
Metric
₹3.2+ Lakh Crore
Source: PIB / Agri Ministry
Metric
9.26 Crore
Source: Agri Ministry
PM-KISAN is a landmark shift from 'price support' (MSP) to 'income support.' It provides liquidity to farmers for agricultural inputs, reducing dependence on local moneylenders. However, its effectiveness is hindered by the exclusion of tenant farmers and landless laborers who comprise a significant portion of the distressed workforce. The fixed amount of ₹6000 has also seen its real value erode due to input inflation since 2019. Land record digitization remains the primary bottleneck for seamless implementation.
Can PM-KISAN be considered a precursor to Universal Basic Income (UBI) for the Indian agricultural sector?
Utility: 1. Direct Benefit Transfer (DBT) efficiency. 2. Tackling rural consumption slowdown. 3. Comparison with Rythu Bandhu (Telangana) and KALIA (Odisha). 4. Use in discussing 'Agricultural Reforms' and 'Formalization of Rural Economy'.