PM Kisan 24th Installment: When Will Farmers Receive the Next INR 2,000 Payment?

The Union Cabinet has approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme through the 2030–31 financial year, committing an outlay of INR 3.15 lakh crore to secure long-term direct income support for millions of small and marginal farmers across India. The decision, taken during a cabinet meeting on July 31, clears uncertainty surrounding the future of the flagship welfare initiative as beneficiaries await the release of the upcoming 24th installment.

Cabinet Approves Multi-Year Extension

The newly sanctioned financial allocation ensures the program will remain active from FY 2026–27 through FY 2030–31. By committing INR 3.15 lakh crore over this five-year window, the central government has reaffirmed its commitment to maintaining direct fiscal assistance for agricultural households.

Under the scheme, eligible landholding farmer families receive an annual support of INR 6,000, disbursed in three equal installments of INR 2,000 directly into their bank accounts via the Direct Benefit Transfer (DBT) mechanism. How To Check PM Kisan Beneficiary Status Online at pmkisan.gov.in Ahead of 24th Instalment.

Timeline for the 24th Installment

Following the disbursement of the 23rd installment on June 20, 2026, official sources indicate that the 24th installment is expected to be released between October and November 2026.

While the Ministry of Agriculture has not yet formally declared an exact date, past release cycles suggest the payout will align with previous autumn schedules:

• 18th Installment: Disbursed on October 5, 2024

• 21st Installment: Disbursed on November 20, 2025

• 23rd Installment: Disbursed on June 20, 2026

• 24th Installment (Projected): Expected between early October and mid-November 2026

Given the four-month cycle followed by the program, eligible farmers can anticipate receiving their next ₹2,000 payment within this period. PM Kisan 24th Instalment Date 2026: Complete E-KYC and Bank Seeding Now To Avoid Delays.

Mandatory e-KYC Compliance for Beneficiaries

Authorities have reminded beneficiaries that completing electronic Know Your Customer (e-KYC) verification remains mandatory to receive payments without interruption.

Farmers who have not updated their biometric or Aadhaar-seeded bank account details risk temporary withholding of funds during the direct transfer process. Verification can be completed through the official PM-KISAN portal using Aadhaar-based OTPs or at local Common Service Centres (CSCs).

Background and Impact

Launched in February 2019, PM-KISAN is one of the world's largest Direct Benefit Transfer initiatives aimed at covering farm input costs and household expenses for Indian agricultural families. Since its inception, the program has provided predictable cash flow to over 100 million farmers, helping stabilize rural household incomes during peak sowing and harvest seasons.