✎ PM-KISAN provides ₹6,000/year to farmers via DBT, extended till 2030-31 with ₹3.15L cr outlay, boosting rural economy and reducing debt dependency.
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Pradhan Mantri-Kisan Samman Nidhi (PM-KISAN) scheme from 2026-27 to 2030-31 with a financial outlay of ₹3.15 lakh crore. Launched in February 2019, the scheme provides direct income support of ₹6,000 annually to eligible landholding farmer families in three equal installments through Direct Benefit Transfer (DBT), ensuring transparency and efficiency via Aadhaar-based authentication and digital verification. Over 23 installments, the scheme has disbursed over ₹4.47 lakh crore to 9.49 crore farmers, including significant support during COVID-19 and substantial benefits to women farmers, who constitute nearly one-fourth of the beneficiaries. Independent evaluations by NITI Aayog’s Development Monitoring and Evaluation Office (DMEO) highlight that 92% of beneficiaries used the funds for agricultural activities, while 85% reported improved farm income and reduced reliance on informal credit, contributing to a 21.18% rise in foodgrain production between 2020-21 and 2025-26.
For banking and SSC aspirants, the PM-KISAN scheme exemplifies the government’s commitment to financial inclusion and direct welfare delivery through technology-driven governance, a key theme in exams like RBI Grade B and IBPS. The scheme’s reliance on DBT, Aadhaar integration, and digital verification aligns with broader initiatives like Digital India, making it relevant for questions on e-governance, rural development, and fiscal policy. SSC candidates may encounter it in sections covering government welfare schemes, while banking exams could test its impact on rural credit markets, agricultural productivity, and financial literacy—highlighting how targeted subsidies can enhance economic stability and growth.
Source: PIB (Press Information Bureau)
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