India extends PM-KISAN scheme to 2031
Analysis based on 48 articles · First reported Jul 31, 2026 · Last updated Aug 05, 2026
The extension of PM-KISAN provides continued fiscal support to the agricultural sector, potentially boosting rural consumption and demand for agricultural inputs like seeds, fertilisers, and machinery. However, the unchanged benefit amount and the large outlay may weigh on government finances, with limited immediate impact on listed agri-input companies.
On July 31, 2026, the Union Cabinet of India, chaired by Prime Minister Narendra Modi, approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme from 2026-27 to 2030-31 with a total financial outlay of Rs 3.15 lakh crore. The scheme provides eligible landholding farmer families with direct income support of Rs 6,000 per year, transferred in three equal instalments through the Direct Benefit Transfer (DBT) system. Since its launch in February 2019, over Rs 4.47 lakh crore has been disbursed across 23 instalments, with the latest instalment benefiting more than 9.49 crore farmers. The extension aims to enhance farmers' investment capacity, improve productivity, and strengthen the rural economy. Studies cited by the government indicate that 85% of farmers reduced borrowing due to the scheme, and over 92% of beneficiaries used the funds for agricultural activities. Women farmers have received over Rs 1.06 lakh crore, representing nearly one in four beneficiaries. The government did not increase the annual benefit amount, despite demands from farmer organisations such as the Bharatiya Kisan Union to raise it to Rs 10,000.
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