The Union Cabinet on Friday (July 31, 2026) approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme from 2026–27 to 2030–31, with a total financial outlay of ₹3.15 lakh crore. The scheme provides financial assistance of ₹6,000 per year for farmers.
The Government said it has transferred more than ₹4.47 lakh crore directly into farmers’ bank accounts through 23 instalments under the scheme, which was launched in February 2019. “Under the 23rd instalment, more than 9.49 crore farmers benefited, with over ₹ 18,984 crore released,” the Union Agriculture Ministry said in a release.
The release added that the continuation of the scheme reiterates the Government’s commitment that the prosperity of farmers forms the foundation of the nation’s prosperity. “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 release added.
The Government added that women farmers have received more than ₹1.06 lakh crore under PM-KISAN, and nearly one out of every four beneficiaries is a woman farmer. “The assistance provided under PM-KISAN has enabled farmers to make timely investments in seeds, fertilisers, irrigation, agricultural machinery and other agricultural requirements. This has enhanced farmers’ productive capacity, reduced their dependence on informal credit and strengthened the financial stability of rural households,” the Ministry added.
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