Moneycontrol PRO
HomeBudgetPM-KISAN's allocation raised to Rs 63,500 crore in Budget 2025

PM-KISAN's allocation raised to Rs 63,500 crore in Budget 2025

PM-KISAN is a Union government programme designed to support all landholding farmer families across the country

February 01, 2025 / 15:49 IST
Government would further build upon the theme of – “Productivity and resilience in Agriculture”.

The government has increased the allocation under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme to Rs 63,500 crore for FY26, up 5.8 percent, from budgeted Rs 60,000 crore in 2024-25 provided to eligible farmer families.

The Union Budget 2025 proposal is expected to enhance rural income as well as consumption, which has been slowing affecting the overall economy.

Under PM-KISAN, Rs 6,000 is directly transferred to beneficiaries account in a year in three equal installments every four months. The scheme, launched on February 24, 2019, aims to provide financial assistance to landholding farmers, enabling them to purchase agricultural inputs and meet household expenses.

The programme is a central initiative designed to support all landholding farmer families across the country. The assistance is provided without any age restriction, ensuring that both small and marginal farmers benefit.

To qualify for the scheme, the beneficiaries should own cultivable land, with the ownership recorded in official land records.

The scheme define "family" as husband, wife and their minor children. Farmers are eligible regardless of the size of their landholding, provided they meet the income-based exclusion criteria.

Prime Minister Narendra Modi disbursed 18th installment of the PM-KISAN Samman Nidhi worth about Rs 20,000 crore to around 9.4 crore farmers in October. With the 18th instalment release, the total disbursement under the scheme has exceeded Rs 3.45 lakh crore, supporting more than 11 crore farmers.

Meghna Mittal
Meghna Mittal Deputy News Editor at Moneycontrol. Meghna has experience across television, print, online and wire media. She has been covering the Indian economy, monetary and fiscal policies, Finance and Trade ministries. She tweets at @Meghnamittal23 Contact: meghna.mittal@nw18.com
first published: Feb 1, 2025 03:49 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347