PM-KISAN Scheme Gets Five-Year Extension; Cabinet Approves Continuation Through 2031

Date : 2026-07-31           Time : 10:55:00
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PM-KISAN Scheme Gets Five-Year Extension; Cabinet Approves Continuation Through 2031

The Union Cabinet has approved a five-year extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)scheme, ensuring that financial assistance to eligible farmers will continue through the financial year 2030–31.

The decision was taken during the Cabinet meeting held on July 31, 2026, reaffirming the government's commitment to supporting farmers' income and strengthening the agricultural sector.

Under the approved extension, the government has allocated an estimated ?3.16 lakh crore for the continuation of the scheme over the next five years.

Key Highlights

  • Scheme Extended: PM-KISAN will continue for another five years, covering FY 2026–27 to FY 2030–31.

  • Budget Allocation: Approximately ?3.16 lakh crore has been approved for the extended period.

  • Financial Benefit: Eligible farmers will continue to receive ?6,000 per year, transferred directly to their bank accounts in three equal installments through the Direct Benefit Transfer (DBT) system.

  • Objective: The scheme aims to provide income support to farmers, helping them meet agricultural and household expenses.

About PM-KISAN

Launched in February 2019, the PM-KISAN scheme provides annual financial assistance of ?6,000 to eligible farmer families across India. The amount is credited directly to beneficiaries' bank accounts in three installments of ?2,000 each, promoting transparency and reducing delays in fund transfers.

According to the government, the scheme has already disbursed more than ?4.47 lakh crore to eligible farmers since its launch, making it one of India's largest direct income support programmes.

What This Means for Farmers

The five-year extension ensures uninterrupted financial assistance for millions of farmers across the country. By continuing direct income support, the government aims to improve farmers' financial security, encourage agricultural productivity, and support rural livelihoods.

The extension is expected to benefit crores of eligible farming families while maintaining the existing benefit structure and payment mechanism.

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