Hans News Service New Delhi

TheUnion Cabinet on Friday approved extension of the PM-KISAN scheme for the next five years till the 2030-31 fiscal with an outlay of Rs 3,15,614 crore. Launched on February 24, 2019, Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a centrally sponsored scheme aimed at providing assured income support to farmers nationwide. Under the scheme, each eligible farmer family receives annual financial assistance of Rs 6,000.

This is disbursed in three equal instalments of Rs 2,000 through the Direct Benefit Transfer (DBT) mechanism into Aadhaar-seeded bank accounts. Briefing media, Information & Broadcasting Minister Ashwini Vaishnaw said the Cabinet has extended the PM-KISAN scheme for five years till 2030-31. The total outlay stands at Rs 3,15,614 crore.

Prime Minister Narendra Modi hailed the Union Cabinet's decision , saying it will help farmers meet their needs related to seeds, fertilisers, and farming while improving their economic condition. Modi also welcomed the Cabinet's approval of the expanded Khelo India Scheme and the enhanced budget for Assistance to the National Sports Federations (ANSFs), with a combined outlay of Rs 36,441 crore over the next five years. "We are committed to the empowerment and prosperity of our farmer brothers and sisters across the country. In this direction, today approval has been given to extend the Pradhan Mantri Kisan Samman Nidhi scheme until 2030-31. This will not only help farmers meet their needs related to seeds, fertilisers, and farming, but also improve their economic condition," he said in a post on X in Hindi.