PM-KISAN 24th instalment: Rs 18,690 crore reaches 9.34 crore farmers
By Arjun MehtaSenior Business Editor, Peepals Business
Representative image: Pexels / Pixabay
PM Modi released PM-KISAN's 24th instalment of about Rs 18,690 crore to 9.34 crore farmers on October 30, 2026, and launched 12 horticulture clusters.
What Happened
Prime Minister Narendra Modi released the 24th instalment of the PM-KISAN income-support scheme on Friday, October 30, 2026, from Bhildi in Gujarat's Banaskantha district, sending about Rs 18,690 crore directly to the bank accounts of more than 9.34 crore farmers. At the same event he started on-ground work in 12 horticulture clusters covering about 1.46 lakh hectares, dedicated 521 Agriculture Infrastructure Fund projects worth about Rs 4,950 crore, and opened the Bharat Bovine Breeding and Research Centre at Bhildi, as part of projects worth more than Rs 14,000 crore.
Key Facts
- PM-KISAN 24th instalment: about Rs 18,690 crore to over 9.34 crore farmers, Rs 2,000 each, released on October 30, 2026.
- Since its launch in February 2019, the scheme had paid out about Rs 4.47 lakh crore over 23 instalments before this one.
- 12 approved horticulture clusters, about 1.46 lakh hectares, expected to benefit more than 1.3 lakh farmers; two clusters in North Gujarat will focus on potatoes.
- 521 Agriculture Infrastructure Fund projects, total cost about Rs 4,950 crore: cold storage, cold chains, warehouses, silos, polyhouses, greenhouses and processing units.
- Bharat Bovine Breeding and Research Centre at Bhildi: 127 acres, set up as a centre of excellence for cattle breeding, genetic improvement and reproductive technology.
- The Prime Minister also held a roadshow in Banaskantha and flagged off two new train services.
Why It Matters
PM-KISAN is the Centre's largest direct cash scheme for farmers. Eligible landholding farm families receive Rs 6,000 a year in three instalments of Rs 2,000, paid straight into their bank accounts. The money is small against the cost of a crop season, but it arrives at predictable points in the year and is widely used for seed, fertiliser and household expenses. This instalment lands just before Diwali and as the rabi, or winter, sowing season for wheat, mustard, gram and potatoes gets under way, when farm households need cash the most.
The beneficiary count matters too. More than 9.34 crore farmers received this payment. The government requires an updated e-KYC, a digital identity check linked to Aadhaar, and verified land records for payment, and farmers who have not completed these steps can find their instalment held back. Those who did not receive the money can check their status on the scheme's official portal, pmkisan.gov.in, which also has a help desk for e-KYC and registration problems.
The other announcements at Bhildi point at a different kind of farm policy: moving farmers into higher-value crops and building the storage and processing that stop produce from being wasted or sold cheaply at harvest. Horticulture clusters group farms growing the same fruit or vegetable in one area so that inputs, cold storage, grading and marketing can be planned around them. Two of the 12 clusters, both in North Gujarat, will work on potatoes. The Agriculture Infrastructure Fund, a central financing scheme for post-harvest facilities, backs projects such as cold stores, warehouses and processing units. The cattle-breeding centre at Bhildi is aimed at dairy farmers, for whom better cattle genetics mean higher milk yields.
| Item | Scale | Who gains |
|---|---|---|
| PM-KISAN 24th instalment | About Rs 18,690 crore | Over 9.34 crore farmers |
| Horticulture clusters | 12 clusters, about 1.46 lakh hectares | Over 1.3 lakh farmers |
| Agriculture Infrastructure Fund | 521 projects, about Rs 4,950 crore | Farmers, FPOs, agri businesses |
| Bovine breeding centre | 127 acres at Bhildi | Dairy farmers |
Impact
Short-term: Farm families across India receive Rs 2,000 each in the days before Diwali and at the start of rabi sowing, money that typically goes into seed, fertiliser and festival spending. Farmers who do not see the credit should check their e-KYC and land-record status on the PM-KISAN portal.
Long-term: The clusters and the storage projects, if they work as planned, should help growers sell more of their produce at better prices instead of dumping it at harvest. The breeding centre is aimed at better cattle genetics and higher milk yields over time. The results will depend on how quickly the clusters move from approval to working supply chains.
Who is affected: More than 9.34 crore PM-KISAN beneficiaries; potato and other horticulture farmers in the 12 clusters; dairy farmers in Banaskantha and North Gujarat; and the farmer producer organisations, cooperatives and businesses that run cold storage and processing.
Key Takeaway
The 24th PM-KISAN instalment put about Rs 18,690 crore into the accounts of over 9.34 crore farmers on October 30, 2026, alongside new horticulture clusters and storage projects meant to raise farm incomes beyond the cash transfer.
Questions and Answers
Has the PM Kisan 24th instalment been released?
Yes. Prime Minister Narendra Modi released it on October 30, 2026, from Bhildi in Banaskantha, Gujarat. About Rs 18,690 crore went to more than 9.34 crore farmers, Rs 2,000 each.
What should a farmer do if the Rs 2,000 has not arrived?
Check the beneficiary status on the official PM-KISAN portal, pmkisan.gov.in. Payments can be held back if e-KYC or land-record verification is incomplete, and the portal's help desk handles these problems.
What are the horticulture clusters started at the same event?
They are 12 approved clusters covering about 1.46 lakh hectares, expected to benefit more than 1.3 lakh farmers. Each groups farms growing the same crop so that storage, grading and marketing can be organised together; two in North Gujarat focus on potatoes.
How much has PM-KISAN paid so far?
Before this instalment, the scheme had paid about Rs 4.47 lakh crore across 23 instalments since its launch in February 2019. Each eligible farm family gets Rs 6,000 a year in three instalments.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Arjun Mehta, Senior Business EditorCovers Start-ups & Opportunities and more for Peepals Business. All stories by Arjun Mehta
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Arjun Mehta is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
