NEW DELHI — Prime Minister Narendra Modi will release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday, transferring ₹18,680 crore to more than 9.34 crore eligible farmers across India.
The funds will be released at an event scheduled for 10 am in Bhildi, Banaskantha district, Gujarat. Each beneficiary will receive ₹2,000 directly into their bank account.
The previous instalment benefited around 9.44 crore farmers. The latest beneficiary count represents a decline of more than 10 lakh.
Under the PM-KISAN scheme, eligible farmer families receive financial assistance of ₹6,000 annually in three equal instalments of ₹2,000 each. The amount is transferred directly to beneficiaries' bank accounts through the Direct Benefit Transfer (DBT) system.
Farmers must complete their electronic Know Your Customer (e-KYC) verification to receive the payment. Beneficiaries can check their payment status and details through the official portal, pmkisan.gov.in.
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