Cash transfer to farmers extended by 5 years, to cost Rs 3.15 lakh crore

The Cabinet on Friday approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme for five years through FY31. This would require a budget outlay of Rs 3.15 lakh crore.

Under this central sector scheme, an annual sum of Rs 6000 is transferred to 100 million land-holding farmers, mostly smallholders, in three equal installments through the Direct Benefit Transfer (DBT) mechanism. The scheme started in 2019.

After the release of the 23rd installments of PM Kisan in June 2026, the total disbursement under the scheme so far has exceeded Rs 4.47 lakh crore.