Prime Minister Narendra Modi is scheduled to release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday, October 30, 2026. The official event is set to take place in Banaskantha, Gujarat. According to a statement issued by the Union Agriculture Ministry on Thursday, October 29, the government will transfer more than ₹18,690 crore directly into the bank accounts of over 9.34 crore eligible farmers across the country through the Direct Benefit Transfer (DBT) mechanism.
The PM-KISAN scheme, which has become a cornerstone of the Centre's agricultural outreach, is designed to provide essential income support to farming families. This financial assistance is intended to help farmers meet their immediate agricultural input costs and household expenses, thereby strengthening their livelihood security. The Ministry highlighted that prior to this latest release, the government had already successfully transferred more than ₹4.47 lakh crore to eligible beneficiaries through the preceding 23 instalments of the program.
Beyond the direct financial transfer, the Prime Minister’s visit to Gujarat includes significant efforts to bolster the rural economy through infrastructure development. During the programme, he will inaugurate 521 units that have been established under the Agriculture Infrastructure Fund. These facilities are primarily aimed at improving agricultural storage capacities, enhancing processing capabilities, and developing related logistical infrastructure to reduce post-harvest losses and improve the marketability of produce.
In a further push to diversify agricultural output, the Prime Minister will also unveil 12 new horticulture clusters. These clusters are specifically designed to promote the cultivation of high-value horticultural crops, assisting farmers in transitioning toward more profitable farming models. The government maintains that these initiatives are part of a broader, long-term strategy to modernize the nation's agricultural framework.
The Union Agriculture Ministry emphasized that these measures are consistent with the government's overarching vision of a 'Viksit Bharat'. Over the past 12 years, several schemes have been systematically implemented to improve the overall income of farmers and encourage the adoption of modern, technology-driven agricultural practices. The ministry noted that such interventions are essential to building a sector that is not only prosperous but also resilient and self-reliant.
The continuous release of instalments under PM-KISAN underscores the administration's focus on maintaining steady financial liquidity for the agricultural sector. By coupling direct income support with the development of storage and processing infrastructure, the government aims to address both the short-term financial needs and the long-term structural challenges faced by the farming community. The inclusion of horticulture clusters reflects a move toward incentivizing crop diversification, which is widely considered a key step in enhancing economic returns for small and marginal farmers.
As the 24th instalment is disbursed, the focus remains on the seamless execution of the direct benefit transfer process to ensure that funds reach the intended beneficiaries without administrative delays. With the inauguration of the new storage and processing units, policymakers expect to see a gradual improvement in the supply chain efficiency, ultimately benefiting both producers and consumers by reducing wastage and ensuring better quality produce in the market. The event in Banaskantha serves as the latest in a series of government efforts to integrate financial support with physical infrastructure growth across the country's rural landscape.
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