PM Kisan Yojana Update : Farmers’ expectations regarding the Union Budget 2026 have risen even higher this year. Rising inflation and the cost of farming have raised concerns in rural areas. This raises questions about whether the government will increase the financial assistance provided to farmers under the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN). Specifically, there is debate about whether the annual assistance of Rs 6,000 will be increased to Rs 8,000.
Changes to the PM Kisan Yojana are likely
Under the Pradhan Mantri Kisan Samman Nidhi Yojana, small and marginal farmers are provided with an annual assistance of ₹6,000. This amount is transferred directly to their bank accounts in three equal installments. However, agricultural experts and farmers’ organizations believe that the current amount is no longer sufficient to address inflation and rising farming costs. Consequently, there has been a growing demand for an increase in this amount in this year’s budget.
Why is an increase necessary for farmers?
According to media reports, the cost of farming has steadily increased over the past few years. The prices of seeds, fertilizers, pesticides, diesel, electricity, irrigation, and agricultural machinery are constantly rising. The annual assistance of Rs 6,000 is insufficient for marginal and small farmers. If the government increases this amount, farmers will feel more confident investing in agriculture and their dependence on debt will also decrease.
Impact on the Rural Economy
Experts say that increased farmer incomes will boost demand in the rural market. When farmers have more money to spend, rural markets will be more active. This will increase sales of seeds, fertilizers, tractors, and agricultural equipment. Small traders and local businesses will also benefit. Thus, the benefits of the increased PM Kisan Yojana will not be limited to farmers alone, but will strengthen the entire rural economy.
The PM Kisan Yojana was launched in December 2018. Its objective is to provide minimum income support to small and marginal farmers. Crores of farmers have benefited so far. All payments are made directly to their bank accounts through Direct Benefit Transfer (DBT).
While the government has yet to officially announce an increase in this scheme, farmers and experts are hopeful. If the PM Kisan Yojana funding is increased in Budget 2026, it will provide relief to farmers in rural areas at a time of rising inflation and expenses.