PM Kisan 24th Installment 2026 : The wait is over for beneficiaries of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. Prime Minister Narendra Modi released the 24th installment of the PM Kisan scheme from Banaskantha, Gujarat, on October 30, 2026. Under this installment, ₹2,000 each has been directly transferred to the bank accounts of more than 9.34 crore eligible farmers across the country. Through the Direct Benefit Transfer (DBT) system, the government has transferred more than ₹18,690 crore to farmers. However, installments may be delayed for farmers who have not completed their e-KYC or other mandatory formalities.



Farmers Described as Pillars of Developed India
Addressing the gathering, the Prime Minister said that farmers are among the strongest pillars of a developed India. He stated that the government has always prioritised farmers’ welfare and their economic empowerment. According to PM Modi, India’s agriculture budget has grown more than fivefold compared with 2013–14. He added that the PM Kisan Samman Nidhi scheme has become an important part of the lives of crores of small farmers.



Government Highlights Its Fertilizer Price Support
Referring to global developments, PM Modi said that international fertilizer prices have increased significantly over the past few years. Despite this, the government has ensured that farmers do not have to bear the additional financial burden. According to the Prime Minister, the government has spent approximately ₹16 lakh crore on fertilizer subsidies. He said that the government continues to make efforts to provide relief to farmers and keep agricultural production costs under control.

Focus on Irrigation and Solar-Powered Pumps
The Prime Minister also highlighted the role of the PM-KUSUM scheme in reducing irrigation costs. He stated that approximately 12 lakh solar pumps have been provided under the scheme so far. Solar-powered pumps can help farmers reduce their dependence on electricity and diesel for irrigation. The government aims to lower farming expenses while providing farmers with alternative sources of energy.

MSP and Technology in Agriculture Discussed
Speaking about the Minimum Support Price (MSP), PM Modi accused previous governments of failing to fulfil their promises to farmers. He said that the current government has fulfilled its commitment regarding MSP. Describing agriculture as an integral part of the country's traditions and culture, the Prime Minister said that efforts have been made over the past 12 years to connect agriculture and animal husbandry with science and modern technology. According to him, the use of technology in farming can help improve farmers’ productivity and income.

Banaskantha Receives Major Development Projects
Apart from releasing the PM Kisan installment, the Prime Minister inaugurated, laid the foundation stone for, and dedicated development projects worth more than ₹14,000 crore in Banaskantha. These projects include initiatives related to agricultural infrastructure, animal husbandry, dairy development, and other sectors. During the programme, emphasis was also placed on the India Bovine Breeding and Research Centre and facilities related to animal husbandry. Through this visit, PM Modi highlighted the government's focus on providing financial assistance to farmers while strengthening infrastructure connected with agriculture and the rural economy.