Cabinet Extends PM-KISAN for 5 Years with ₹3.15 Lakh Crore

The Union Cabinet approved a five-year extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday, July 31, 2026, committing over 3.15 lakh crore rupees to continue direct income support for farmers through the 2030-31 financial year. The decision ensures the flagship program, which provides 6,000 rupees annually to eligible farmer families, will operate without interruption.

Information and Broadcasting Minister Ashwini Vaishnaw announced the Cabinet's approval following its meeting, confirming a total financial outlay of 3,15,614 crore rupees for the extension period from 2026-27 to 2030-31. The scheme, launched in February 2019, transfers funds in three equal installments of 2,000 rupees directly into the bank accounts of beneficiaries via the Direct Benefit Transfer system.

Officials stated that the continuation reaffirms the government's commitment to farmer prosperity as a foundation for national prosperity. They said the financial assistance enables timely investments in seeds, fertilizers, irrigation, and machinery, thereby enhancing productive capacity, reducing dependence on informal credit, and strengthening the financial stability of rural households.