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Prime Minister Narendra Modi will release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) in Banaskantha, Gujarat, on Friday, October 30.
The government will transfer more than ₹18,690 crore directly into the bank accounts of over 9.34 crore farmers nationwide, an official statement said on Thursday.
PM Modi will dedicate 521 units established under the Agriculture Infrastructure Fund (AIF) to the nation. These facilities will strengthen agricultural storage, processing and related infrastructure.
PM Modi will additionally inaugurate 12 horticulture clusters to promote high-value crops and improve farmers’ incomes.
Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan will participate in the instalment release programme at Raisen, Madhya Pradesh.
The event will bring together farmers and highlight government initiatives supporting agricultural prosperity and rural livelihoods.
The first 23 PM-KISAN instalments have delivered more than ₹4.47 lakh crore to eligible farmers.
The scheme provides financial assistance through Direct Benefit Transfer, helping farming families meet agricultural and household expenses.
Other initiatives include the Pradhan Mantri Fasal Bima Yojana, Kisan Credit Card, Minimum Support Price and Per Drop More Crop. These programmes aim to strengthen insurance protection, improve access to credit and encourage efficient water use.
The government is promoting agricultural self-reliance through the National Mission on Edible Oils, the Mission for Aatmanirbharta in Pulses and the National Mission on Natural Farming.
The AIF supports investments in warehouses, cold storage facilities and primary processing centres.
According to the statement, investments of approximately ₹1.75 lakh crore across more than 2.28 lakh projects have strengthened agricultural infrastructure. These projects aim to reduce post-harvest losses, improve market access and help farmers secure better returns.
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