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.