Press Information Bureau

Prime Minister Shri Narendra Modi will release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) tomorrow (30 October 2026) at Banaskantha, Gujarat. The instalment will transfer more than ₹18,690 crore directly to the bank accounts of over 9.34 crore farmers across the country, which focuses the Government’s commitment towards 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 the income potential of farmers.

Union Minister of Agriculture and Farmers Welfare, Shri Shivraj Singh Chouhan will participate in the programme to mark the release of the 24th instalment of PM-KISAN at Raisen, Madhya Pradesh. The event is expected to witness the participation of a large number of farmers from the region, providing an important platform to highlight the significance of PM-KISAN and other key initiatives of the Department, while reaffirming the Government’s continued commitment to farmers’ welfare, prosperity and empowerment.

Through the first 23 instalments of PM-KISAN, more than ₹4.47 lakh crore has already been disbursed to eligible farmers. The scheme provides income support to eligible farmer families through Direct Benefit Transfer, helping them meet agricultural and household expenses and supporting their livelihood security.

Agriculture is the backbone of India’s economy, supporting the livelihoods of crores of farmers and ensuring the food and nutritional security. Under the visionary leadership of Prime Minister Shri Narendra Modi, the Government has undertaken several significant initiatives over the past 12 years to improve farmers’ incomes, promote modern agricultural practices aming to achieve the goal and vision of self-reliance in agriculture sector.

Key initiatives include the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), Pradhan Mantri Fasal Bima Yojana, Kisan Credit Card, Minimum Support Price (MSP), Per Drop More Crop. These measures aim to provide financial assistance, strengthen risk protection, improve access to agricultural credit and promote technology-driven agricultural governance for holistic empowerment of farmers.

The Government is also advancing self-reliance in agriculture through initiatives such as the National Mission on Edible Oils and the Mission for Aatmanirbharta in Pulses. In addition, the National Mission on Natural Farming is encouraging farmers to adopt sustainable agricultural practices through the development of clusters across the country.

Recognising the importance of post-harvest management and agricultural infrastructure in improving farmers’ returns, the Agriculture Infrastructure Fund (AIF) promotes investments in warehouses, cold storage facilities, primary processing centres and other essential agricultural infrastructure. Under the AIF, investments of approximately ₹1.75 lakh crore have been made across more than 2.28 lakh projects, supporting the development of critical agricultural infrastructure across the country. These investments are expected to strengthen storage and processing capabilities, reduce post-harvest losses, improve market access and enable farmers to obtain better returns for their produce.

The Government is also promoting diversification towards high-value agricultural activities, particularly horticulture, to enhance income opportunities and make farming more remunerative. The development of horticulture clusters is an important step towards strengthening the horticulture value chain and encouraging the production and marketing of high-value crops.

These initiatives will further the Government’s efforts to provide financial support to farmers, modernise agricultural infrastructure, promote crop diversification and build a prosperous, resilient and self-reliant agricultural sector in line with the vision of Viksit Bharat.

***

SS/DK