PM Kisan 24th Installment to be Credited on 30 October, Modi to Transfer Funds from Banaskantha

Release Date and Time

The 24th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is scheduled to be credited to the bank accounts of eligible farmers on 30 October. Prime Minister Narendra Modi will initiate the fund transfer from his home constituency of Banaskantha in Gujarat, according to the latest update from Navbharat Times.

Who Will Receive the Installment

The government has not disclosed the exact number of farmers who will receive the 24th instalment. Eligibility is based on the criteria that were in place when the scheme was launched. Farmers who meet the standard conditions – landholding up to 2 hectares, registration on the PM‑KISAN portal, and completion of the e‑KYC verification – are expected to be among the beneficiaries.

Eligibility Exclusions

The scheme’s rules state that certain categories of farmers will not receive the 24th instalment:

• Farmers who acquired land ownership after 1 February 2019 are excluded.
• Households in which both spouses or a combination of an adult and a minor are already receiving benefits under the scheme are not eligible for this instalment.
• Farmers who have not completed the mandatory e‑KYC update on the PM‑KISAN portal will also be left out.

These exclusions are intended to ensure that the financial assistance reaches those who meet the original eligibility parameters and have updated their digital identity.

How to Verify and Surrender

Farmers who find themselves ineligible can voluntarily surrender their PM‑KISAN benefits through the scheme’s official portal. The process involves:

• Visiting the PM‑KISAN portal.
• Selecting the “Voluntary Surrender of PM Kisan” option.
• Entering the OTP sent to the registered mobile number.
• Submitting the request.

This step allows beneficiaries to close their accounts if they no longer meet the criteria or wish to avoid future complications.

Practical Implications

The upcoming instalment highlights the importance of keeping the e‑KYC updated and ensuring that land ownership records are current. For farmers who recently acquired land, the exclusion means they will need to wait until they meet the 2019 cut‑off date before becoming eligible. Similarly, families sharing the scheme’s benefits must review their household composition to avoid inadvertent disqualification.

The release also underscores the role of state‑level coordination. Since the transfer originates from Banaskantha, Gujarat, it illustrates how the central government leverages the chief minister’s home base for high‑visibility fund disbursements, reinforcing the political significance of the scheme.

What Remains Uncertain

While the date and the procedural details are confirmed, the total number of beneficiaries for the 24th instalment has not been publicly quantified. Additionally, the exact amount transferred per farmer (the scheme normally credits ₹6,000 per instalment) has not been reiterated in this update, though it is expected to follow the established pattern.

Official Source

For the complete and authoritative announcement, readers can refer to the original Navbharat Times article: https://navbharattimes.indiatimes.com/government-schemes/central/pm-kisan-samman-nidhi-24th-installment-date-and-time/articleshow/135232599.cms.

Conclusion

The 24th PM‑KISAN instalment will be deposited on 30 October, with Prime Minister Modi overseeing the transfer from Banaskantha. Eligibility hinges on pre‑existing land‑ownership rules and e‑KYC compliance, meaning certain farmers will be excluded. Those wishing to surrender their benefits can do so via the official portal. Verification of the details is possible through the linked government notification.