Now Reading: Cabinet extends PM-KISAN scheme for 5 years, ₹3.15 lakh crore
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Cabinet extends PM-KISAN scheme for 5 years, ₹3.15 lakh crore
The Union Cabinet on Friday approved the extension of the PM-KISAN scheme for five years, from 2026-27 to 2030-31, with a total outlay of ₹3,15,614 crore. The scheme provides ₹6,000 per year…
The Story in Brief
The Union Cabinet on Friday approved the extension of the PM-KISAN scheme for five years, from 2026-27 to 2030-31, with a total outlay of ₹3,15,614 crore. The scheme provides ₹6,000 per year to each eligible farmer family, paid in three instalments of ₹2,000 through direct benefit transfer. The government said it has transferred over ₹4.47 lakh crore to farmers since the scheme’s launch in February 2019. The 23rd instalment alone covered 9.49 crore families and released ₹18,984 crore. Women farmers have received more than ₹1.06 lakh crore under the scheme. The Hindu’s headline said the extension is for four years, but the period described in the same report, 2026-27 to 2030-31, is five fiscal years, matching the BusinessLine account.
The Indian Opinion
The extension is sold as a triumph of farmer welfare, but the sum, ₹6,000 a year per family, is barely a safety net. Critics call it a dole; supporters say it cushions distress. Neither side talks about the 9.49 crore families who received the 23rd instalment, each getting just ₹2,000. The real test is whether this money actually raises farm investment or merely plugs consumption gaps. Will the next Economic Survey show a meaningful rise in per-acre spending on seeds and fertiliser?
Sources (2): thehindubusinessline.com, thehindu.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
