Budget 2026: Will PM-Kisan Scheme Payment Increase to ₹8,000? Big Hopes for Farmers

Budget 2026 News: With rising inflation and increasing farming costs, Indian farmers have high expectations from the upcoming Union Budget 2026. The key question on everyone’s mind is whether the government will raise the annual PM-Kisan Samman Nidhi (PM-KISAN) payment from ₹6,000 to ₹8,000.

Could PM-Kisan Payments Increase?

Currently, eligible farmers under the PM-Kisan scheme receive ₹6,000 per year, paid in three equal installments directly into their bank accounts. Farmers’ organizations and agriculture experts argue that this amount is no longer sufficient to meet current farming costs. Demand is growing to increase the annual aid to ₹8,000 in Budget 2026.

Why is an Increase Needed?

In recent years, the cost of seeds, fertilizers, pesticides, diesel, electricity, irrigation, and farm machinery has risen sharply. For small and marginal farmers, the current ₹6,000 aid is not enough to cover yearly expenses. An increase would give farmers more confidence to invest in farming and reduce dependence on loans.

Support for the Rural Economy

Experts say that increasing PM-Kisan payments would boost farmers’ purchasing power, stimulating rural markets. The benefits would not be limited to agriculture alone; seeds, fertilizers, tractors, farm equipment, and small rural businesses could also see a positive impact.

PM-Kisan Scheme: A Quick Overview

The PM-Kisan Samman Nidhi scheme was launched in December 2018 to provide minimum income support to small and marginal farmers. Millions of farmers have already benefited, with payments made via Direct Benefit Transfer (DBT) to their bank accounts.

Eyes on Budget 2026

While the government has not yet made an official announcement, an increase in PM-Kisan payments in Budget 2026 could provide significant relief to farmers struggling with rising costs.