New Delhi, July 31: The Union Cabinet today approved continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme from 2026–27 to 2030–31.

A total financial outlay of Rs.3.15 lakh crore has been approved for the scheme during this period.

Through the PM-KISAN Scheme, timely and transparent income support is being provided to eligible farmer families through the Direct Benefit Transfer (DBT) system, enabling farmers to increase agricultural investment and strengthen their livelihoods.

The PM-KISAN Scheme was launched in February 2019. Under the Scheme, eligible landholding farmer families receive financial assistance of Rs.6,000 per year, transferred directly into their bank accounts in three equal instalments. Through Aadhaar authentication, digital verification and a robust DBT system, the Scheme has set an effective example of transparency, efficiency and accountability.

Key achievements:

More than Rs.4.47 lakh crore has been transferred directly into farmers’ bank accounts through 23 instalments under the scheme. Under the 23rd instalment, more than 9.49 crore farmers benefited, with over Rs.18,984 crore released.

During the COVID-19 pandemic, more than Rs.1.71 lakh crore was disbursed to provide financial assistance to farmers.

Women farmers have received more than Rs.1.06 lakh crore under PM-KISAN, and nearly one out of every four beneficiaries is a woman farmer.