Prime Minister Narendra Modi will on 30 October 2026 release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme at Banaskantha, Gujarat, transferring more than ₹18,690 crore directly into the bank accounts of over 9.34 crore farmers across India. The disbursement, confirmed through an official statement issued on Thursday, will be made via Direct Benefit Transfer (DBT), ensuring funds reach beneficiaries without intermediaries.

Key Announcements at the Banaskantha Event

Beyond the instalment release, Prime Minister Modi will also dedicate 521 units established under the Agriculture Infrastructure Fund (AIF) to the nation, aimed at strengthening agricultural storage, processing, and related infrastructure. He will additionally inaugurate 12 horticulture clusters designed to promote high-value horticultural crops and enhance farmer incomes. The scale of the event underscores the government's effort to project the farm welfare agenda ahead of ongoing policy cycles.

Parallel Ceremony in Madhya Pradesh

Union Minister of Agriculture and Farmers Welfare Shivraj Singh Chouhan will participate in a simultaneous programme at Raisen, Madhya Pradesh, to mark the instalment release. The event is expected to draw a large number of farmers from the region, serving as a platform to highlight PM-KISAN and other departmental initiatives, while reaffirming the government's stated commitment to farmers' welfare and empowerment.

Cumulative Disbursement and Scheme Impact

Across the first 23 instalments of PM-KISAN, more than ₹4.47 lakh crore has already been disbursed to eligible farmer families, according to official data. The scheme provides annual income support of ₹6,000 per eligible household — paid in three equal tranches — to help meet agricultural and household expenses. Notably, this is the 24th consecutive disbursement since the scheme's launch, making PM-KISAN one of the largest direct cash transfer programmes for agriculture globally by beneficiary count.

Broader Agricultural Initiatives

The government has highlighted a cluster of complementary schemes running alongside PM-KISAN. These include the Pradhan Mantri Fasal Bima Yojana for crop insurance, Kisan Credit Card for agricultural credit access, Minimum Support Price (MSP) guarantees, and the Per Drop More Crop micro-irrigation programme. On the self-reliance front, the National Mission on Edible Oils and the Mission for Aatmanirbharta in Pulses are advancing domestic production of key commodities.

Agriculture Infrastructure Fund: Scale and Scope

Under the Agriculture Infrastructure Fund (AIF), investments of approximately ₹1.75 lakh crore have been made across more than 2.28 lakh projects nationwide. These investments support the development of warehouses, cold storage facilities, primary processing centres, and allied infrastructure. According to officials, the fund is expected to reduce post-harvest losses, improve market access, and enable farmers to secure better prices for their produce. The dedication of 521 new AIF units on Friday marks the latest addition to this expanding network.

With the 24th instalment set to reach over nine crore households, the cumulative PM-KISAN outlay will cross ₹4.65 lakh crore — a figure that will likely feature prominently in the government's agrarian outreach messaging in the months ahead.