Cabinet approves continuation of the PM-KISAN Scheme from 2026-27 to 2030-31 with a Financial Outlay of Rs.3.15 lakh crore

Why in news

The Union Cabinet has approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme for another five years, from 2026-27 to 2030-31, with a significant financial outlay.

Exam relevance

GS2, GS3 · Governance, Economy, Society · Prelims · Mains

Key facts

1. The Union Cabinet approved the continuation of PM-KISAN Scheme from 2026-27 to 2030-31.
2. A financial outlay of Rs.3.15 lakh crore has been approved for this period.
3. The scheme provides financial assistance of Rs.6,000 per year to eligible farmer families.
4. The financial assistance is transferred directly into bank accounts in three equal instalments.
5. The scheme was launched in February 2019.
6. More than Rs.4.47 lakh crore has been transferred to farmers' bank accounts through 23 instalments.

Prelims pointers

• PM-KISAN Scheme continuation approved till 2030-31.
• Financial outlay for continuation: Rs.3.15 lakh crore.
• Annual financial assistance per eligible farmer family: Rs.6,000.
• Disbursement in three equal instalments.
• Scheme launched in February 2019.
• Utilizes Direct Benefit Transfer (DBT) and Aadhaar authentication.

Mains practice question

Examine the role of direct income support schemes like PM-KISAN in addressing agrarian distress and promoting farmer livelihoods in India. Discuss the strengths and potential challenges associated with such initiatives.

Static linkage

The PM-KISAN scheme is a direct income support initiative by the Government of India aimed at enhancing the financial stability of farmers, addressing agrarian distress, and promoting agricultural investment. It is part of broader government efforts to improve the socio-economic conditions of the agricultural sector.

Significance

The continuation of PM-KISAN signifies the government's sustained commitment to farmer welfare and rural prosperity. The direct benefit transfer mechanism ensures transparency and efficiency in fund disbursement, reducing leakages. The financial support aims to boost agricultural productivity and farmer incomes, contributing to overall economic stability and food security. It also serves as a model for technology-driven welfare schemes.