PM Kisan Yojana: 63,500 Crore Allocated for Farmers' Welfare in FY27 Budget
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News18•02-02-2026, 09:19
PM Kisan Yojana: 63,500 Crore Allocated for Farmers' Welfare in FY27 Budget
- •The government has allocated 63,500 crore rupees for the PM Kisan Samman Nidhi Yojana for the financial year 2026-27, maintaining the same allocation as the previous year.
- •Launched in 2019, the scheme provides 6,000 rupees annually to farmers in three installments, directly transferred to their bank accounts.
- •Over 10 crore farmers currently benefit from the scheme, with more than 37 lakh crore rupees deposited since its inception.
- •Farmer unions criticized the 6,000 rupees as insufficient due to rising farming costs, advocating for an increase to 9,000-12,000 rupees.
- •The government has tightened e-KYC processes and land record verification to ensure transparency and prevent misuse of funds, strengthening the digital system.
Why It Matters: PM Kisan Yojana maintains 63,500 crore allocation for FY27, benefiting over 10 crore farmers despite calls for increased aid.
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