Prime Minister Narendra Modi released the 23rd instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme on June 20, 2026 [5].
The disbursement provides critical liquidity to rural households, ensuring that millions of small-scale farmers have guaranteed financial support for agricultural inputs and daily expenses.
Modi presided over the release from Tarakeswar in the Hooghly district of West Bengal [1, 2]. During the event, the Indian government transferred a total of ₹18,880 crore [1] to more than 9.44 crore farmer beneficiaries [1].
Each eligible farmer family received a payment of ₹2,000 in this specific instalment [3]. This payment is part of a larger annual entitlement of ₹6,000 per family, which the government distributes in three equal instalments of ₹2,000 throughout the year [4].
The PM-Kisan program is designed to provide direct income support to landholding farmer families. By transferring funds directly to bank accounts, the administration aims to reduce the reliance on informal moneylenders, and minimize leakages in the welfare delivery system.
The event in West Bengal highlights the ongoing implementation of the scheme across different states. The distribution of these funds is intended to stabilize the economic conditions of rural populations, a key pillar of the current administration's agricultural policy.
“Prime Minister Narendra Modi released the 23rd instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme”
The continued rollout of the PM-Kisan scheme represents a shift toward direct benefit transfers (DBT) in India's agricultural sector. By bypassing intermediaries, the government seeks to increase the efficiency of social safety nets while maintaining a consistent financial floor for nearly 10 crore rural families, which is critical for national food security and rural economic stability.
