The Ministry of Agriculture & Farmers Welfare announced on 29 October 2026 that Prime Minister Narendra Modi will release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) on 30 October 2026. This will transfer over ₹18,690 crore directly to the bank accounts of more than 9.34 crore farmers to provide income support for agricultural and household expenses. Additionally, the Prime Minister will dedicate 521 Agriculture Infrastructure Fund units and inaugurate 12 horticulture clusters to improve storage and crop value. These initiatives aim to empower farmers and modernize agricultural infrastructure across India.
Key points
- Over ₹18,690 crore to be transferred to 9.34 crore+ farmers on 30 Oct 2026
- 521 Agriculture Infrastructure Fund units to be dedicated to the nation
- 12 new horticulture clusters to be inaugurated
- Over ₹4.47 lakh crore disbursed to farmers through the first 23 instalments
When it applies
- Release of 24th instalment of PM-KISAN and inauguration of infrastructure
Who it affects
- eligible farmer families