Cabinet Extends PM-KISAN Scheme Till 2030-31 with Rs 3.15 Lakh Crore Outlay
The extension will keep annual cash support at Rs 6,000 for eligible farmer families through FY 2030-31, officials said.
- On Friday, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the extension of the Pradhan Mantri Kisan Samman Nidhi scheme for five years through 2030-31 with a financial outlay of Rs 3.15 lakh crore.
- Launched in 2019, the fully Centre-funded program provides eligible farmer families annual financial assistance of Rs 6,000, transferred directly into bank accounts in three equal installments through Direct Benefit Transfer .
- Independent evaluations by NITI Aayog found the scheme significantly boosts agricultural investment, with 92% of beneficiaries utilizing funds for seeds and fertilizers, while nearly one in four recipients is a woman farmer.
- The Union Agriculture Ministry added that 85% of beneficiaries report higher farm incomes and reduced dependence on informal borrowing, with over Rs 4.47 lakh crore transferred through 23 installments since launch.
- Eligible farmers can expect the 24th installment of PM-KISAN in October 2026, although the government has not yet announced an official release date for the payment.
25 Articles
25 Articles
Cabinet approves extension of PM-KISAN for 5 years
According to an official statement issued after the Cabinet meeting, the PM-KISAN will continue for the next five years 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,” it said.
PM-KISAN scheme gets 5-year extension and Rs 3.1 lakh crore
The Union Cabinet approved a five-year extension for the PM-KISAN scheme. This extension will continue direct cash transfers to eligible farmer families through FY31. The government committed ₹3.15 lakh crore for this significant initiative. This financial support aims to boost agricultural productivity and rural economic growth. The scheme has already disbursed over ₹4.47 lakh crore since its launch.
Cabinet Extends PM-KISAN Scheme till 2030-31 with Rs 3.15 lakh crore outlay
The Union Cabinet on Friday approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme from 2026-27 to 2030-31 with a financial outlay of Rs 3.15 lakh crore, reaffirming the Centre's commitment to providing direct income support to crores of farmer families across the country.
PM-KISAN Scheme Extended: How Much Will Farmers Receive And When Is 24th Instalment?
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