Prime Minister Narendra Modi released the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on October 30, 2026, ahead of Diwali. The government transferred approximately ₹18,680 crore to the bank accounts of more than 9.34 crore eligible farmers, with each beneficiary receiving ₹2,000. The release took place at Bhildi in Gujarat’s Banaskantha district. Farmers who have not received the payment should check their beneficiary status, complete mandatory e-KYC and verify their bank and Aadhaar details.
The latest instalment provides financial support to farming households ahead of the festive season and the upcoming agricultural expenditure cycle. For millions of rural families, the amount can help meet expenses related to seeds, fertilisers, farm equipment and other essential requirements.
PM Kisan 24th Instalment Released: Key Details
The Agriculture Ministry officially announced the release of the 24th instalment on October 29, confirming that Prime Minister Modi would transfer more than ₹18,690 crore to over 9.34 crore farmers the following day.
The payment was made through the Direct Benefit Transfer (DBT) system, which transfers government assistance directly into eligible beneficiaries’ bank accounts.
Here are the important details:
| Particulars | Details |
|---|---|
| Scheme | PM-KISAN Samman Nidhi |
| Instalment | 24th |
| Release date | October 30, 2026 |
| Amount per beneficiary | ₹2,000 |
| Total beneficiaries | Over 9.34 crore |
| Total amount | Approximately ₹18,680 crore |
| Release location | Bhildi, Banaskantha, Gujarat |
| Annual assistance | ₹6,000 |
The previous, 23rd instalment was released on June 20, 2026, benefiting more than 9.44 crore farmers. The latest beneficiary count is slightly lower, making it important for farmers to verify their eligibility and payment status.
What Is the PM-KISAN Scheme and How Does It Work?
The Pradhan Mantri Kisan Samman Nidhi scheme was launched in 2019 to provide income support to eligible landholding farmer families across India.
Under the scheme, beneficiaries receive ₹6,000 annually in three equal instalments of ₹2,000 each. The money is transferred directly into their bank accounts through DBT, reducing dependence on intermediaries.
The 24th instalment is part of this continuing financial assistance programme. According to the government, more than ₹4.47 lakh crore had already been distributed through the first 23 instalments. Press Information Bureau+1
How to Check PM Kisan 24th Instalment Status Online?
Farmers can check whether the latest ₹2,000 payment has reached their bank accounts by following these steps:
- Visit the official PM-KISAN portal.
- Select the ‘Know Your Status’ option.
- Enter your registration number and captcha.
- Complete OTP verification using your registered mobile number.
- Check the payment status and instalment details displayed on the screen.
Farmers can also use the beneficiary list facility to verify whether their names appear among eligible recipients. Moneycontrol+1
Who Is Eligible for the PM Kisan 24th Instalment?
The scheme covers eligible landholding farmer families, subject to government guidelines and exclusion criteria.
However, certain categories are not eligible, including:
- Institutional landholders.
- Families with members who hold or have held constitutional posts.
- Serving or retired government employees, subject to specified exceptions.
- Individuals who pay income tax.
- Professionals such as doctors, engineers, lawyers and chartered accountants engaged in professional practice.
Land ownership acquired after February 1, 2019, and cases involving multiple family members claiming benefits may also be subject to verification. PM Kisan+1
What Should Farmers Do If the ₹2,000 Instalment Is Not Credited?
If the 24th instalment has not reached a beneficiary’s bank account, incomplete documentation or verification issues could be responsible.
Farmers should check the following:
Complete e-KYC: Electronic Know Your Customer verification is mandatory for registered beneficiaries. It can be completed through OTP-based authentication or biometric verification at an authorised Common Service Centre.
Verify Aadhaar details: Ensure that Aadhaar information is accurate and properly linked to the relevant bank account.
Check land records: Make sure that land ownership details have been verified by the concerned state authorities.
Check bank account information: Incorrect account details or banking-related issues may affect payment processing.
If the problem continues, beneficiaries should contact their local agriculture department or PM-KISAN support services for assistance. PM Kisan+1
Impact of the 24th Instalment on Rural Households
The ₹2,000 transfer may appear modest, but it provides timely financial support to millions of farming households.
Farmers can use the assistance towards seeds, fertilisers, pesticides, irrigation expenses and other agricultural requirements. The money can also help manage certain household expenses, particularly during periods when agricultural income is uncertain.
The scheme also supports rural consumption by putting money directly into beneficiaries’ hands. However, the assistance is not a substitute for agricultural income, crop insurance or institutional credit.
Opportunities and Challenges Ahead for PM-KISAN Beneficiaries
The 24th instalment highlights the role of direct financial assistance in supporting India’s agricultural economy. Digital transfers, Aadhaar verification and updated land records can improve transparency and reduce payment-related delays.
At the same time, beneficiary verification remains important. Farmers whose payments are withheld because of incomplete documentation or eligibility discrepancies may need additional assistance from local authorities.
Another important consideration is the purchasing power of the ₹6,000 annual assistance. Changes in fertiliser prices, fuel expenses, labour costs and other agricultural inputs can influence how much support farmers actually receive in real terms.
Conclusion
The PM-KISAN 24th instalment was released by Prime Minister Narendra Modi on October 30, 2026, transferring approximately ₹18,680 crore to more than 9.34 crore farmers ahead of Diwali. Eligible beneficiaries received ₹2,000 directly into their bank accounts as part of the scheme’s annual ₹6,000 financial assistance.
Farmers who have not received the payment should check their beneficiary status, complete e-KYC and verify their Aadhaar and bank details. Keeping land records updated and resolving verification issues will remain important for receiving future instalments.
Frequently Asked Questions
1. When was the PM Kisan 24th instalment released in 2026?
The PM-KISAN 24th instalment was released on October 30, 2026, by Prime Minister Narendra Modi at Bhildi in Gujarat’s Banaskantha district. The transfer took place ahead of Diwali, benefiting more than 9.34 crore eligible farmers across India.
2. How much money will farmers receive under the PM Kisan 24th instalment?
Each eligible farmer receives ₹2,000 under the 24th instalment. The government transferred approximately ₹18,680 crore to more than 9.34 crore beneficiaries through the Direct Benefit Transfer system.
3. How many farmers received the PM Kisan 24th instalment?
More than 9.34 crore eligible farmers were included in the 24th instalment. The previous instalment, released in June 2026, benefited more than 9.44 crore farmers.
4. What is the annual benefit under the PM-KISAN scheme?
Eligible farmer families receive ₹6,000 annually under PM-KISAN. The amount is distributed in three instalments of ₹2,000 each, generally covering three four-month periods throughout the financial year.
5. How can I check my PM Kisan 24th instalment payment status?
Visit the official PM-KISAN portal and select ‘Know Your Status’. Enter your registration number, complete the required verification and check the payment details. The status page provides information about the latest instalment and its transfer status.
6. Is e-KYC mandatory for the PM Kisan 24th instalment?
Yes, e-KYC is mandatory for registered PM-KISAN beneficiaries. Farmers can complete OTP-based verification or use biometric authentication through an authorised Common Service Centre or supported PM-KISAN services.
7. Why has my PM Kisan 24th instalment not been credited?
Payment may be delayed or withheld because of incomplete e-KYC, incorrect Aadhaar details, bank account discrepancies, unverified land records or eligibility-related issues. Farmers should check their payment status and contact the concerned authorities if the problem persists.
8. Can farmers receive PM-KISAN benefits if they own agricultural land?
Eligible landholding farmer families can receive PM-KISAN benefits, subject to the scheme’s conditions. However, institutional landholders and certain categories of individuals are excluded. Land ownership and beneficiary details must also satisfy the applicable verification requirements.
9. Will the PM Kisan instalment increase from ₹2,000 to ₹3,000?
The PM-KISAN scheme currently provides ₹2,000 per instalment, amounting to ₹6,000 annually. There is no confirmed announcement of an increase to ₹3,000 per instalment. Farmers should rely on official government notifications rather than unverified reports.
10. When will the PM Kisan 25th instalment be released?
The government has not confirmed an official release date for the 25th instalment as of October 30, 2026. Based on the scheme’s usual three-instalment structure, beneficiaries can monitor future announcements through the official PM-KISAN portal.
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Jaspreet Singh Arora is the Chief Investment Officer at Equentis, where he heads a seasoned team of equity analysts and turns two decades of market experience into portfolios that consistently beat the benchmark. A go-to voice on cement, building-materials, real-estate, and construction stocks, Jaspreet previously ran research desks at leading brokerages, honing an eye for the metrics that truly move share prices. His plain-spoken analysis helps investors cut through noise and act with conviction. When he’s not deep-diving into earnings calls, you’ll find him unwinding over sports, weekend cricket or a good history podcast.
