What does PM-KISAN mean in the context of Latest Government Schemes related to Banking?

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Direct Answer
PM-KISAN is a central sector scheme that provides direct income support of ₹6,000 per year (transferred in three equal installments) to eligible landholding farmer families via the Direct Benefit Transfer (DBT) system
2026 Cabinet Approval Details:

Parameter Details
Extension Window FY 2026–27 to FY 2030–31
Financial Outlay ₹3.15 Lakh Crore
Historical Output (Pre-Extension) ₹4.47 Lakh Crore transferred across 23 installments