PM-KISAN 24th instalment: Over 9.34 crore farmers to receive ₹18,690 crore

Government Announcements & Schemes

New Delhi: Prime Minister Narendra Modi will release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) at Banaskantha, Gujarat, on October 30, with more than ₹18,690 crore set to be transferred directly to the bank accounts of over 9.34 crore farmers across the country. The announcement was made by the Ministry of Agriculture and Farmers Welfare on October 29. The instalment is part of the government’s income support programme for eligible farmer families. Alongside the PM-KISAN disbursement, the Prime Minister will dedicate 521 units developed under the Agriculture Infrastructure Fund (AIF) to the nation and inaugurate 12 horticulture clusters aimed at promoting high-value crops and improving income opportunities for farmers. Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan will participate in a programme marking the release of the instalment at Raisen, Madhya Pradesh. Through the first 23 instalments of PM-KISAN, the government has disbursed more than ₹4.47 lakh crore to eligible farmers. The scheme provides eligible farmer families with annual financial assistance of ₹6,000 in three equal instalments through Direct Benefit Transfer (DBT). The assistance is intended to help farmers meet agricultural input costs and household expenses. The latest instalment will extend this support to more...