PM Modi releases PM-KISAN 24th instalment to 9.34 cr farmers
Synopsis
Key Takeaways
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.