PM Modi releases PM-KISAN 24th instalment to 9.34 cr farmers

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PM Modi releases PM-KISAN 24th instalment to 9.34 cr farmers

Synopsis

Prime Minister Narendra Modi released the 24th PM-KISAN instalment on 30 October 2026, transferring over ₹18,690 crore to more than 9.34 crore farmer families. Maharashtra CM Devendra Fadnavis joined the event online from Varsha Bungalow, Mumbai, amid drought conditions ahead of Diwali.

Key Takeaways

PM Modi released the 24th instalment of PM-KISAN on 30 October 2026 .
Over ₹18,690.32 crore was transferred to more than 9.34 crore farmer families in a single event.
Each beneficiary household receives ₹2,000 per instalment , totalling ₹6,000 annually under the scheme.
Maharashtra CM Devendra Fadnavis attended online from Varsha Bungalow, Mumbai .
PM-KISAN was launched on 24 February 2019 as a direct benefit transfer for landholding farm families.
The transfer arrives amid drought conditions in Maharashtra, days before Diwali 2026 .

With drought clouds hanging over Maharashtra's farmlands and Diwali days away, the Centre delivered direct cash relief on Friday, 30 October 2026 — Prime Minister Narendra Modi transferred the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, moving more than ₹18,690.32 crore into the accounts of over 9.34 crore farmer families across India.

The Chief Minister's Office of Maharashtra announced that Chief Minister Devendra Fadnavis joined the event online from Varsha Bungalow, Mumbai, at 11:15 am, signalling the state government's deliberate alignment with the Centre's farmer-outreach messaging at a moment of acute agrarian stress.

Drought timing gives the transfer extra weight

The CMO's post opened in Marathi with a pointed phrase — 'दुष्काळाच्या संकटात दिवाळीपूर्वी बळीराजाला सरकारची साथ' ('The government stands with the farmer-king before Diwali, in the midst of a drought crisis') — framing this not as routine bureaucratic disbursement but as crisis-time solidarity. For households already squeezed by a weak monsoon, the ₹2,000 per instalment that PM-KISAN delivers can mean the difference between a Diwali purchase and none at all.

Maharashtra governments have consistently amplified central farm-welfare announcements during periods of monsoon failure, and the pattern held true here: CM Fadnavis's online presence turned a national event into a state-level political moment, with the Varsha Bungalow dateline lending it official gravity.

PM-KISAN at its 24th chapter

PM-KISAN was launched on 24 February 2019 as a direct benefit transfer (DBT) programme designed to put liquidity directly into the hands of landholding farm families — bypassing intermediaries entirely. Each enrolled family receives ₹6,000 annually in three equal instalments of ₹2,000, credited straight to linked bank accounts. The scheme is one of the largest agricultural income-support programmes in the world by beneficiary count.

The 24th instalment marks more than seven years of unbroken quarterly transfers — a logistical achievement that reflects the deepening of India's DBT architecture. With 9.34 crore beneficiaries receiving funds in a single transfer event, the scale underscores how central the programme has become to rural household finance, particularly in agrarian states like Maharashtra, Uttar Pradesh, and Madhya Pradesh.

What farmers and policymakers watch next

The immediate question for drought-hit Maharashtra is whether this central transfer will be supplemented by state-level relief packages. CM Fadnavis's visible participation in today's event sets an expectation — his government will now face pressure to announce complementary drought-relief measures ahead of the rabi sowing season. The next PM-KISAN instalment and any additional packages from Mantralaya will be the metrics to watch.

For a farmer staring at a cracked field on the eve of Diwali, ₹2,000 is not a solution — but it is a signal. And today, that signal was sent to more than nine crore families at once.

Point of View

Pre-Diwali, with a Maharashtra CM visibly present — is textbook Centre-state co-branding on rural welfare, a strategy both the BJP-led central government and the Maharashtra Mahayuti coalition have used to consolidate agrarian constituencies. The CMO's Marathi framing ('Balirajala sarkaraachi saath') is a culturally deliberate invocation, positioning the state as co-author of farmer relief rather than a passive beneficiary of a Delhi scheme. The deeper policy arc here is India's bet that DBT-at-scale can substitute for structural farm-income reform — a bet that keeps delivering political dividends even as questions about long-term agricultural productivity remain open. Whether drought-specific supplementary packages follow from Mantralaya will test whether today's optics translate into substantive state-level action.
NationPress
30 Oct 2026

Frequently Asked Questions

What is PM-KISAN and how much do farmers receive?
PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) is a central government direct benefit transfer scheme launched in February 2019 that gives eligible landholding farmer families ₹6,000 per year in three instalments of ₹2,000 each, credited directly to their bank accounts.
When was the 24th PM-KISAN instalment released?
The 24th instalment was released on 30 October 2026 by Prime Minister Narendra Modi, transferring over ₹18,690.32 crore to more than 9.34 crore farmer families.
What was Devendra Fadnavis's role in the PM-KISAN 24th instalment event?
Maharashtra Chief Minister Devendra Fadnavis attended the PM-KISAN instalment event online from Varsha Bungalow in Mumbai, representing the state government's participation in the central scheme's disbursement ceremony.
Why is the PM-KISAN instalment significant for Maharashtra farmers in 2026?
Maharashtra is facing drought conditions, and the instalment arrived just before Diwali, providing critical liquidity to farm households already stressed by a weak monsoon season.
How many farmers benefited from the 24th PM-KISAN instalment?
More than 9.34 crore (93.4 million) farmer families across India received the 24th instalment, with the total transfer exceeding ₹18,690.32 crore in a single disbursement event.
Nation Press
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