IFFCO Chairman Dileep Sanghani has welcomed the Union Cabinet’s decision to extend the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme for another five years, describing it as a historic step towards strengthening Indian agriculture and improving farmers’ livelihoods.
In a social media post, Sanghani said the continuation of the flagship income support scheme would provide crucial financial assistance to millions of farmers while further empowering the agricultural sector. He expressed gratitude to Prime Minister Narendra Modi and the Union Cabinet for their continued commitment to the welfare of the farming community.
The Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of PM-KISAN from 2026-27 to 2030-31 with a financial outlay of Rs 3.15 lakh crore. Under the scheme, eligible landholding farmer families receive Rs 6,000 annually through Direct Benefit Transfer (DBT) in three equal instalments.
Launched in February 2019, PM-KISAN has emerged as one of the world’s largest farmer support programmes. More than Rs 4.47 lakh crore has been transferred directly to farmers through 23 instalments, benefiting over 9.49 crore farmers in the latest instalment.
Independent assessments have found that the scheme has significantly boosted agricultural investment, improved farm incomes and reduced farmers’ dependence on informal credit.
