PM-KISAN Drives Farm Income Gains And Rural Stability
ECONOMY & POLICY

PM-KISAN Drives Farm Income Gains And Rural Stability

The PM-KISAN scheme, a central sector initiative launched in February 2019, aims to support the financial needs of farmers holding cultivable land. Under the scheme, Rs 6,000 per year is transferred in three equal instalments to Aadhaar-seeded bank accounts through Direct Benefit Transfer. Eligibility is based primarily on cultivable landholding, with certain exclusions for individuals of higher economic status.

A farmer-centric digital infrastructure ensures scheme benefits reach farmers across India without intermediaries. With full transparency in registration and verification, the Government has disbursed more than Rs 4.09 trillion through 21 instalments since inception. Instalment-wise details of beneficiaries and released amounts over the past five years are provided in the annexure.

Several impact assessments underline the scheme’s contribution to farmers’ income and the broader rural economy.

(i) An independent 2019 study by the International Food Policy Research Institute (IFPRI) examined how farmers utilise the PM-KISAN transfers. It found that the funds have significantly bolstered rural economic activity, eased credit constraints and increased investment in agricultural inputs. The payments have enhanced farmers’ capacity to take calculated risks and make more productive investments. Some funds were also used for education, medical and marriage-related expenses.

(ii) Feedback gathered through Kisan Call Centres and departmental surveys indicates that more than 92 per cent of beneficiaries are satisfied with the scheme. Over 93 per cent report using the financial support for agricultural purposes.

(iii) An impact evaluation by the Development Monitoring and Evaluation Office (DMEO) of NITI Aayog confirms that PM-KISAN is effectively providing direct financial assistance to landholding farmers, strengthening their economic resilience and productivity. More than 92 per cent of surveyed beneficiaries used the support for essential inputs such as seeds, fertilisers and pesticides—particularly critical given rising input costs and increasing climate variability.

Furthermore, around 85 per cent of beneficiaries reported higher agricultural income and reduced dependence on informal credit during crop failures or medical emergencies. The study highlights the scheme’s contribution to India’s progress towards Sustainable Development Goals relating to poverty reduction, food security, gender equity and transparency. It also notes PM-KISAN’s role as a key pillar of the Direct Benefit Transfer ecosystem, with transaction failures declining sharply due to Aadhaar-enabled payments and ongoing system improvements.

This information was provided by the Minister of State for Agriculture and Farmers’ Welfare, Shri Ramnath Thakur, in a written reply in the Rajya Sabha.

The PM-KISAN scheme, a central sector initiative launched in February 2019, aims to support the financial needs of farmers holding cultivable land. Under the scheme, Rs 6,000 per year is transferred in three equal instalments to Aadhaar-seeded bank accounts through Direct Benefit Transfer. Eligibility is based primarily on cultivable landholding, with certain exclusions for individuals of higher economic status. A farmer-centric digital infrastructure ensures scheme benefits reach farmers across India without intermediaries. With full transparency in registration and verification, the Government has disbursed more than Rs 4.09 trillion through 21 instalments since inception. Instalment-wise details of beneficiaries and released amounts over the past five years are provided in the annexure. Several impact assessments underline the scheme’s contribution to farmers’ income and the broader rural economy. (i) An independent 2019 study by the International Food Policy Research Institute (IFPRI) examined how farmers utilise the PM-KISAN transfers. It found that the funds have significantly bolstered rural economic activity, eased credit constraints and increased investment in agricultural inputs. The payments have enhanced farmers’ capacity to take calculated risks and make more productive investments. Some funds were also used for education, medical and marriage-related expenses. (ii) Feedback gathered through Kisan Call Centres and departmental surveys indicates that more than 92 per cent of beneficiaries are satisfied with the scheme. Over 93 per cent report using the financial support for agricultural purposes. (iii) An impact evaluation by the Development Monitoring and Evaluation Office (DMEO) of NITI Aayog confirms that PM-KISAN is effectively providing direct financial assistance to landholding farmers, strengthening their economic resilience and productivity. More than 92 per cent of surveyed beneficiaries used the support for essential inputs such as seeds, fertilisers and pesticides—particularly critical given rising input costs and increasing climate variability. Furthermore, around 85 per cent of beneficiaries reported higher agricultural income and reduced dependence on informal credit during crop failures or medical emergencies. The study highlights the scheme’s contribution to India’s progress towards Sustainable Development Goals relating to poverty reduction, food security, gender equity and transparency. It also notes PM-KISAN’s role as a key pillar of the Direct Benefit Transfer ecosystem, with transaction failures declining sharply due to Aadhaar-enabled payments and ongoing system improvements. This information was provided by the Minister of State for Agriculture and Farmers’ Welfare, Shri Ramnath Thakur, in a written reply in the Rajya Sabha.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code