Union Cabinet Approves Extension of PM-KISAN Scheme for FY27–FY31

Beyond immediate financial relief, the scheme leverages technology to ensure transparency and accountability. The integration of Aadhaar-linked data and the use of the Public Financial Management System (PFMS) have significantly reduced leakages and ensured that benefits reach the intended beneficiaries directly. This extension is particularly significant in the context of the ongoing efforts to double farmers' income and promote inclusive growth in the rural economy. As the agricultural sector faces challenges from climate variability and fluctuating market prices, such institutionalized support mechanisms are vital for maintaining food security and rural stability. For aspirants, the PM-KISAN scheme serves as a quintessential example of a welfare-oriented policy that utilizes digital infrastructure to achieve social empowerment. It highlights the shift from price-based support (like MSP) to income-based support, reflecting a modern approach to agricultural governance. UPSC Relevance: This topic is highly relevant for GS Paper III under the 'Issues related to direct and indirect farm subsidies' and 'Inclusive growth' sections. Aspirants should analyze how DBT-based income support schemes compare with traditional input subsidies in terms of fiscal efficiency, target accuracy, and their impact on the rural economy.