PM Kisan: Rs 63,500 Crore Allocated for Farmers; Funds to be Deposited Soon
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News18•01-02-2026, 18:01
PM Kisan: Rs 63,500 Crore Allocated for Farmers; Funds to be Deposited Soon
- •The central government has allocated Rs 63,500 crore for the PM Kisan Samman Nidhi scheme for FY 2026-27, maintaining last year's budget estimates.
- •The scheme, launched in 2019, provides Rs 6,000 annually to over 10 crore farmers in three installments via direct bank transfers.
- •Over Rs 3.70 lakh crore has been deposited into farmers' accounts since the scheme's inception, providing significant relief to small and marginal farmers.
- •Despite farmer organizations requesting an increase to Rs 9,000-12,000 due to rising cultivation costs, the government maintained old allocations for fiscal discipline.
- •eKYC process has been tightened and digital systems strengthened to ensure funds reach genuine farmers with proper land records, preventing misuse.
Why It Matters: PM Kisan scheme allocates Rs 63,500 crore for farmers, with funds expected soon, maintaining previous year's estimates.
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