New Delhi. The Central Government has taken a significant decision for farmers across the country. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme for another five years. Following this decision, eligible farmers will continue to receive benefits from the financial years 2026-27 to 2030-31.
This government decision is considered significant in supporting farmers’ income and reducing farming-related expenses. This will ensure that millions of farmer families across the country will continue to receive regular financial assistance in the future.
Farmers will receive financial assistance
Under the Pradhan Mantri Kisan Samman Nidhi scheme, eligible farmers are annually sent financial assistance directly to their bank accounts. The scheme aims to provide financial assistance to farmers for seeds, fertilizers, irrigation, and other agricultural activities. The expansion of the scheme will provide farmers with the assurance that they will continue to receive government assistance in the years to come.
Five-year extension will boost confidence
With Cabinet approval, the plan is now open for the scheme to continue for another five years. This will provide long-term benefits to farmers and enable them to better plan their necessary farming investments. The government believes this step will help strengthen the agricultural sector and boost the rural economy.
Rural economy will gain a boost
Experts believe that when farmers receive timely financial assistance, it positively impacts rural markets. Along with increased investment in agricultural activities, it also boosts local trade and employment.