Prime Minister Shri Narendra Modi will release the 24th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme tomorrow (October 30, 2026) in Banaskantha, Gujarat. This installment will directly transfer over ₹ 18,690 crore to the bank accounts of over 93.4 million farmers across the country , demonstrating the government’s commitment to the welfare and economic empowerment of farmers.
The Prime Minister will also dedicate to the nation 521 units established under the Agriculture Infrastructure Fund to strengthen agricultural storage, processing and related infrastructure, and inaugurate 12 horticulture clusters to promote high-value horticultural crops and enhance farmers’ income.
Union Agriculture and Farmers Welfare Minister Shri Shivraj Singh Chouhan will participate in an event in Raisen, Madhya Pradesh, to mark the release of the 24th installment of PM-KISAN. A large number of farmers from the region are expected to participate in the event. The event will provide an important platform to reiterate the government’s continued commitment to the welfare, prosperity, and empowerment of farmers, as well as to highlight the importance of PM-KISAN and other key initiatives of the department.
More than ₹4.47 lakh crore has already been disbursed to eligible farmers through the first 23 installments of PM-KISAN. The scheme provides financial assistance to eligible farmer families through direct benefit transfer, helping them meet agricultural and household expenses and strengthening their livelihood security.
Agriculture is the backbone of India’s economy, supporting the livelihoods of millions of farmers and ensuring the country’s food and nutrition security. Under the visionary leadership of Prime Minister Shri Narendra Modi, the Government has taken several important initiatives during the last 12 years aimed at increasing farmers’ income, promoting modern agricultural practices and achieving the goal of self-reliance in the agricultural sector.
Key initiatives include the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), Pradhan Mantri Fasal Bima Yojana, Kisan Credit Cards, Minimum Support Price (MSP), and Per Drop More Crop. These measures aim to provide financial support, strengthen risk protection, improve access to agricultural credit, and promote technology-based agricultural governance for the overall empowerment of farmers.
The government is also advancing self-sufficiency in agriculture through initiatives such as the National Mission on Edible Oils and the Mission for Self-Sufficiency in Pulses. Furthermore, the National Mission for Natural Farming is encouraging farmers to adopt sustainable agricultural practices through the development of clusters across the country.
Recognizing the importance of post-harvest management and agricultural infrastructure in providing farmers with better prices for their produce, the Agriculture Infrastructure Fund (AIF) promotes investment in warehouses, cold storage facilities, primary processing centers, and other essential agricultural infrastructure. Nearly ₹1.75 lakh crore has been invested in over 2.28 lakh projects under the AIF, supporting the development of critical agricultural infrastructure across the country. These investments are expected to strengthen storage and processing capacities, reduce post-harvest losses, improve market access, and provide farmers with better returns for their produce.
The government is also promoting diversification toward high-value agricultural activities, particularly horticulture, to increase income opportunities and make farming more profitable. The development of horticulture clusters is an important step toward strengthening the horticulture value chain and encouraging the production and marketing of high-value crops.
These initiatives will further accelerate the Government’s efforts to provide financial support to farmers, modernize agricultural infrastructure, promote crop diversification and build a prosperous, strong and self-reliant agriculture sector in line with the vision of a developed India.
PIB
