PM Kisan Fund Transfer Journey Explained: How money is credited directly to farmers’ bank accounts - Know full process
Mint 1 hr ago·30 Oct 2026, 2:56 pm
The government has credited over ₹18,690 crore to more than 9.34 crore farmers as the 24th instalment of the PM-KISAN scheme. This massive transfer is processed directly to bank accounts through the Public Financial Management System (PFMS), ensuring funds reach beneficiaries without intermediaries.
This event is significant for the broader market as it signals the government's continued fiscal commitment to rural India. It highlights the efficiency of the direct benefit transfer mechanism, which is a key component of the government's financial strategy to support the agricultural sector.
Investors should watch for updates on the next instalment schedule and the total fund allocation for the fiscal year. The successful execution of these transfers reinforces the government's ability to manage large-scale disbursements, which can influence market sentiment regarding fiscal policy.
Excerpt from Mint
The government transferred ₹ 18,690 crore to more than 9.34 crore farmers in PM-KISAN’s 24th instalment. Payments are made directly to bank accounts after state verification, Aadhaar and bank validation, PFMS checks and approval, as per the central govt. The government transferred around ₹ 18,690 crore to more than…Read the original at Mint
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