PM-Kisan 24th instalment on October 30: PM Modi to release ₹18,680 crore for farmers — check details
Mint 1 hr ago·28 Oct 2026, 4:13 pm
Prime Minister Narendra Modi is set to release the 24th instalment of the PM-Kisan scheme on October 30. This financial aid, totaling ₹18,680 crore, will be directly transferred to the bank accounts of over 9.34 crore farmer families across the country. This regular transfer is a key component of the government's support system for the agricultural sector.
For investors, this news is a positive signal for the broader economy. Increased disposable income for farmers typically boosts rural consumption, which can benefit various sectors. This includes FMCG companies, tractor manufacturers, and rural-focused banks, as farmers are likely to spend more on goods and services. The announcement reinforces the government's commitment to supporting the agricultural community.
Excerpt from Mint
Prime Minister Narendra Modi is scheduled to release the 24th PM-Kisan instalment in Gujarat on October 30, distributing more than ₹ 18,680 crore to over 9.34 crore farmer families. Check who's eligible and other details. Prime Minister Narendra Modi is set to release the 24th instalment of the Pradhan Mantri Kisan…Read the original at Mint
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
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