Government Schemes & Programs Current Affairs - 2026-05-12

Background: The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, launched in 2019, provides income support of ₹6,000 per year to eligible farmer families. It has significantly contributed to farmers' welfare and agricultural stability. Current Context: On May 10, 2026, the Ministry of Agriculture and Farmers' Welfare announced a significant expansion of PM-KISAN, broadening the eligibility criteria to include more marginal farmers and landless agricultural laborers in specific regions. This move aims to cover previously excluded vulnerable sections, ensuring wider financial inclusion. Impact: This expansion is expected to benefit an additional 1.5 crore farmers, providing crucial financial assistance for input costs and daily needs. It will further reduce rural distress, enhance agricultural productivity, and promote equitable growth across diverse farming communities, strengthening the rural economy.

Background: India faces the dual challenge of youth unemployment and the need for a robust entrepreneurial ecosystem. Existing skill development programs often lack direct pathways to enterprise creation, leaving a gap for aspiring young entrepreneurs. Current Context: On May 11, 2026, the Ministry of Skill Development and Entrepreneurship launched the "Pradhan Mantri Kaushal Udyam Yojana" (PMKUY). This comprehensive scheme offers integrated support including advanced skill training, seed capital, mentorship, and market linkages for youth to establish micro-enterprises in sectors like digital services, green technology, and traditional crafts. Impact: PMKUY is poised to empower millions of young individuals, transforming them from job-seekers into job-creators. It will stimulate grassroots innovation, foster economic self-reliance, and contribute significantly to local economic development, aligning with the vision of 'Atmanirbhar Bharat'.