PM Kisan: As the date of the Union Budget 2026 approaches, farmers across the country are feeling anxious. In this era of rising farming costs and inflation, millions of farmers are hoping for significant relief from the central government. The most discussed issue is the Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan Samman Nidhi).
The current annual assistance of ₹6,000 to farmers is proving insufficient, which is why there is a strong possibility that the Finance Minister may make a historic announcement this time to increase this amount to ₹10,000.
Why is an increase in the PM Kisan Samman Nidhi necessary
India’s agricultural sector is undergoing a major transformation. In recent years, farming has become more expensive than ever before. The surge in the prices of fertilizers, seeds, pesticides, and especially diesel has crippled farmers. Agricultural experts believe that the ₹6,000 amount set in 2018 is too small compared to today’s inflation.
Farmers demand that if the government increases the annual assistance under the PM Kisan Yojana to ₹10,000, it will act as a lifeline for them. This will not only increase their purchasing power but also enable them to invest in modern agricultural equipment and improved seeds, ultimately strengthening the country’s food security.
What will be the impact on the rural economy?
When farmers receive more money, it has a direct positive impact on the rural economy. The increase in PM Kisan funds will increase demand in local markets. Farmers will be able to adopt new technology and better irrigation methods to improve their yields.
This will not only be financial aid but also a symbol of the government’s trust in the country’s food providers. Experts say this step could prove to be a milestone toward achieving the goal of doubling farmers’ income. Having cash on hand will also help farmers escape the debt trap of moneylenders.
The Scheme’s Journey
The Pradhan Mantri Kisan Samman Nidhi Yojana was officially launched in December 2018. Its primary objective was to provide cash assistance to small and marginal farmers for their basic needs and initial farming costs. Several installments have been successfully transferred to the accounts of millions of farmers under this scheme so far.
To ensure transparency, the government has implemented it entirely through Direct Benefit Transfer (DBT), eliminating corruption and the role of middlemen. Initially, the scheme was only for farmers with limited land holdings, but later its scope was expanded to include all farming families.
Other Possible Announcements in Budget 2026
Budget 2026 is expected to include major decisions not only regarding the Samman Nidhi but also regarding agricultural credit and fertilizer subsidies. Farmers want the government to simplify the loan process for agriculture and provide further concessions on interest rates.
Furthermore, a special package to promote organic farming is also expected. If the government increases the Agricultural Infrastructure Fund, the number of cold storage and processing units in villages will increase, ensuring farmers receive fair prices for their crops.