24th Instalment of PM-KISAN Released
PIB Backgrounder · Economy · Posted 30 OCT 2026 3:53PM
What happened
The government released the 24th instalment of the PM-KISAN scheme, transferring over ₹18,690 crore directly to 9.34 crore farmers, bringing cumulative disbursements past ₹4.64 lakh crore. The centrally sponsored scheme provides ₹6,000 annually to eligible farmer families and has been approved for continuation until 2030-31 with a financial outlay of ₹3.15 lakh crore.
Why it matters for UPSC
This release is crucial for UPSC civil services preparation under the Indian Economy syllabus (Government Schemes and Direct Benefit Transfers), illustrating mechanisms of social sector schemes and welfare delivery.
Key objectives
- Provide eligible landholding farmer families with annual financial assistance of ₹6,000 in three equal instalments of ₹2,000.
- Transfer financial benefits directly via Direct Benefit Transfer (DBT) into Aadhaar-seeded bank accounts to ensure transparency and eliminate intermediaries.
- Support agricultural investments, enhance productivity, and reduce dependence on informal credit.