Millions of eligible farmers across India are set to receive financial assistance under the Pradhan Mantri Kisan Samman Nidhi scheme after Prime Minister Narendra Modi released its 24th instalment on Friday, October 30, 2026.
The instalment was released at an event in Bhildi, in Gujarat’s Banaskantha district. More than 9.34 crore eligible farmer beneficiaries are covered, with approximately ₹18,680 crore being transferred through Direct Benefit Transfer (DBT).
Editorial Insight
Key Highlights
Important points readers should notice.
Issue/Event: Release of the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi scheme.
Location: India.
Authority/Organisation: Prime Minister of India, Ministry of Agriculture and Farmers Welfare and PM-KISAN administration.
Action Taken: Approximately ₹18,680 crore released for more than 9.34 crore eligible farmers, alongside 521 Agriculture Infrastructure Fund units and 12 horticulture clusters.
Impact: Eligible beneficiaries are covered for a direct payment of ₹2,000 each, while infrastructure initiatives aim to strengthen agricultural storage, processing and horticulture.
Under this instalment, eligible beneficiaries receive ₹2,000 directly into their registered bank accounts. The transfer forms part of the Centre’s income-support programme for eligible farmer families.
The PM-KISAN scheme provides ₹6,000 annually to eligible farmer families in three equal instalments of ₹2,000 each. The assistance is transferred electronically rather than distributed through cash payments at local offices.
What Is Included in the 24th Instalment Programme?
Editorial Analysis
Why This Matters
PM-KISAN is one of the Central Government's major direct income-support programmes for eligible farming households. The latest instalment is significant for several reasons: Direct financial support: The ₹2,000 payment can help eligible farmers meet some immediate agricultural and household expenses. Direct Benefit Transfer: Money is transferred electronically to registered bank accounts, reducing the need for beneficiaries to collect payments physically. Agricultural infrastructure: The 521 dedicated AIF units are intended to strengthen storage, processing and related facilities, which are important parts of the agricultural supply chain. Horticulture development: The 12 inaugurated clusters are intended to promote high-value crops and improve income opportunities for farmers. Importance of accurate records: e-KYC, bank details and land-record verification remain important for ensuring that benefits reach eligible beneficiaries. However, the payment is income support, not a loan waiver, guaranteed crop-price increase or universal payment to every person engaged in farming.
The October 30 programme also highlighted two agricultural infrastructure initiatives alongside the PM-KISAN payment.
The Prime Minister dedicated 521 units developed under the Agriculture Infrastructure Fund (AIF) to the nation. These facilities are intended to strengthen agricultural storage, processing and related infrastructure.
The programme also included the inauguration of 12 horticulture clusters aimed at promoting high-value horticultural crops and improving farmers’ income potential.
These initiatives address different parts of the agricultural sector: PM-KISAN provides direct income support to eligible families, while infrastructure and horticulture projects are intended to strengthen production, storage, processing and market opportunities.
How Much Does a Farmer Receive?
Eligible PM-KISAN beneficiaries receive ₹6,000 per year in three instalments:
- First instalment: ₹2,000.
- Second instalment: ₹2,000.
- Third instalment: ₹2,000.
The 24th instalment is the latest payment cycle under the scheme. The actual credit date may differ for individual beneficiaries depending on eligibility verification, bank details and payment processing.
Farmers Advised to Check e-KYC and Payment Status
The official PM-KISAN portal states that e-KYC is mandatory for registered farmers.
Beneficiaries should check their status through the official website and verify that their registration details, Aadhaar information, bank account details and land records are accurate.
Farmers whose payments are not reflected in their accounts should check the portal's “Know Your Status” facility and contact the relevant authorised department or local officials if a discrepancy appears.
The release of an instalment does not automatically mean that every registered farmer will receive payment. Benefits remain subject to the scheme's eligibility conditions and verification requirements.
