PM-KISAN’s 24th Instalment Sends ₹18,690 Crore to 9.34 Crore Farmers

Synopsis

On Friday, the Prime Minister Narendra Modi unveiled the 24th tranche of Pradhan Mantri Kisan Samman Nidhi, which has been disbursed to more than 9.34 lakh crore farmers totaling ₹18,690 crore, in Banaskantha, Gujarat. The eligible family members were given ₹2,000 under DBT. The Agriculture Ministry said the cumulative disbursements have surpassed ₹4.64 lakh crore while the Union Cabinet has given its approval to continue the scheme till 2030-31 with an outlay of ₹3.15 lakh crore.

The release

Prime Minister Narendra Modi on Friday, October 30, announced the 24th instalment of PM-KISAN, handing out over ₹18,690 crore to more than 9.34 crore farmers who are eligible for the scheme.

This was done under the Direct Benefit Transfer (DBT) system, the Ministry of Agriculture and Farmers Welfare said. Eligible farmer families, who have landholdings, get an annual payment of ₹6,000 in three equal installments of ₹2,000. Mr. Modi called farmers as one of the pillars of the country, who are ‘Annadatas’.

Cumulative disbursement and trend

PTI had earlier reported that since the launch of the scheme in February 2019, the government had disburse ₹4.47 lakh crore in the first 23 instalments. According to the ministry, cumulative disbursements have reached ₹4.64 lakh crore so far with the latest release.

A record of the movements of the instalments is given in the records of the Press Information Bureau. On March 13, 2026 at Guwahati the 22nd, almost 9.32 crore farmers were equipped with nearly ₹18,640 crore. The 23rd, on June 20, 2026, carried over ₹18,880 crore for 9.44 crore farmers. The current figure of 9.34 crore is approximately ten lakh less than the June figure.

Other announcements

In addition, Mr Modi launched 12 horticulture clusters, in a bid to encourage high-value crops. The ministry had said that the Agriculture Infrastructure Fund has been sanctioned for investments of over ₹1.75 lakh crore in more than 2.28 lakh projects related to warehouse, cold storage, primary processing centres, etc.

More than 52.33 lakh farmer families in the State will receive the instalment, Gujarat Agriculture Minister Jitu Vaghani informed the newspapers.

Who can Enroll in the program and what does the future hold?

Assistance will be given to reduce the cost of seeds, fertilisers and inputs. Farmers can do e-KYC either using OTP or biometric or face authentication. The Union Cabinet has sanctioned extension of the scheme till 2030-31 with an outlay of ₹3.15 lakh crore.