PM Modi Releases 24th PM-KISAN Instalment of ₹18,690 Crore
Prime Minister Narendra Modi has released the 24th instalment of the PM-KISAN scheme from Banaskantha, Gujarat, disbursing over ₹18,690 crore to more than 9.34 crore eligible farmers. Total cumulative payouts under the central sector scheme have now crossed ₹4.65 lakh crore.
What happened
Prime Minister Narendra Modi released the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on October 30, 2026, at Bhildi in Banaskantha district, Gujarat. Over ₹18,690 crore was transferred directly into the Aadhaar-seeded bank accounts of more than 9.34 crore eligible farmer families through Direct Benefit Transfer.
Union Minister of Agriculture and Farmers Welfare Shivraj Singh Chouhan joined the national programme virtually from Raisen in Madhya Pradesh. At the same event, the Prime Minister dedicated 521 units developed under the Agriculture Infrastructure Fund (AIF), inaugurated 12 Horticulture Clusters, and launched various other development projects worth over ₹14,000 crore in Gujarat.
Important dates
| 24th PM-KISAN Instalment Release Date | 30 October 2026 |
|---|---|
| PM-KISAN Scheme Launch Date | 24 February 2019 |
Eligibility
- Applicable to landholding farmer families with cultivable land.
- Mandatory requirements include e-KYC (via OTP or biometric verification through CSCs or the PM-KISAN mobile app) and Aadhaar-seeded bank accounts.
📌 Static GK links
- Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme launched on February 24, 2019, to provide income support to all landholding farmer families across India.
- The Agriculture Infrastructure Fund (AIF) was launched in May 2020 under the Atmanirbhar Bharat Abhiyan as a ₹1 lakh crore financing facility.
What candidates should do
- Note down the exact payout figures, beneficiary counts, and the venue of release for upcoming objective-type questions in banking and SSC exams.
- Revise the operational ministry, annual financial allocation structure, and eligibility parameters of the PM-KISAN scheme.
PrepZen analysis
The release of the 24th PM-KISAN instalment highlights the government's continued focus on direct income support for small and marginal farmers using digital public infrastructure like Direct Benefit Transfer. With cumulative disbursements crossing ₹4.65 lakh crore, the scheme serves as a major recurring data point in national economic reports and agriculture sections of competitive exams. Aspirants should note both the macro disbursement figures and the associated agricultural infrastructure initiatives launched alongside the main event.
Practice questions
Q1. The 24th instalment of the PM-KISAN scheme was released from which district in Gujarat?
Q2. What is the annual financial benefit provided to eligible farmer families under the PM-KISAN scheme?
Q3. Under which ministry is the PM-KISAN scheme operational?
Over ₹18,690 crore reached more than 9.34 crore farmers through Direct Benefit Transfer.
Total payouts under the scheme have now gone past ₹4.65 lakh crore.
Eligible landholding farmer families get ₹6,000 a year in three instalments of ₹2,000 each.
🎯 Key Point: 24th PM-KISAN instalment released from Banaskantha, Gujarat.
FAQs
When was the 24th PM-KISAN instalment released?
The 24th instalment was released on October 30, 2026.
How much financial support is given per instalment under PM-KISAN?
Eligible farmers receive ₹2,000 per instalment, making a total of ₹6,000 annually across three instalments.
What is the mode of payment for PM-KISAN funds?
Funds are transferred directly into Aadhaar-seeded bank accounts of beneficiaries through Direct Benefit Transfer (DBT).
When was the PM-KISAN scheme officially launched?
The scheme was officially launched on February 24, 2019.
Sources and references
- gktoday.in (www.gktoday.in)
- indianexpress.com (indianexpress.com)
- drishtiias.com (www.drishtiias.com)
- ddindia.co.in (ddindia.co.in)
Prepared by PrepZen for exam preparation. Consult the linked sources for original announcements and current details. Corrections policy. Spotted an error? Write to prepzen.app@gmail.com.
Practice Quiz — 30 October 2026
Q1. Who has been chosen as President-Elect of FICCI for 2026-27?
Q2. On which date will Christine Lagarde step down as President of the European Central Bank?
Q3. From which place was the 24th instalment of PM-KISAN released?
Q4. Ayushman Vay Vandana extends AB PM-JAY health cover to citizens of what age?
Q5. Which fuel blend has been newly included for flex-fuel vehicle certification in amended Rule 115 of the Central Motor Vehicles Rules, 1989?
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