Cabinet approves continuation of the PM-KISAN Scheme from 2026-27 to 2030-31 with a Financial Outlay of US$ 33 billion
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Summary
The Union Cabinet has approved the continuation of the PM-KISAN Scheme from 2026-27 to 2030-31 with a financial outlay of US$ 33 billion to strengthen farmers' incomes, agricultural investment and rural prosperity.
Key Facts
TypeAnalysis
SourceIndia Brand Equity Foundation
PublishedMonday, 3 August 2026
Affected Population~150 million farming households, 42% of workforce
Key Numbers
Agri budget: Rs 1.52 lakh crore (2025-26)
MSP for 23 crops
PM-KISAN: Rs 6,000/year to 9 crore farmers
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA IIIBJP-led NDA
LeftCentreRight
Impact Assessment
9/10
Impact ScoreBeneficiaries9.5 crore farmer families
Budget AllocationRs 60K Crore
CoverageAll states and UTs
Implementation StatusOperational
95% implemented
Key Outcomes
- Rs 6,000/year direct transfer to farmer families in 3 instalments
- 18 instalments disbursed as of 2026
- Total disbursement exceeds Rs 3 lakh crore since launch
Challenges
- Exclusion errors in land records
- Delayed KYC verification in some states