The 23rd installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme will be released on June 20, 2026, with Prime Minister Narendra Modi transferring ₹18,880 crore directly into the bank accounts of more than 9.44 crore eligible farmers from Tarakeswar, Hooghly district, West Bengal.
The latest transfer reinforces the government’s commitment to strengthening Direct Benefit Transfer (DBT) and providing regular income support to farmers across India.
Key Highlights
- Installment Release Date: June 20, 2026
- Total Amount to be Transferred: ₹18,880 crore
- Beneficiaries: Over 9.44 crore farmers
- Women Beneficiaries: More than 2.18 crore women farmers
- Mode of Transfer: Direct Benefit Transfer (DBT)
PM-KISAN Crosses Major Milestone
With the release of the 23rd installment:
- Total disbursement under PM-KISAN will exceed ₹4.46 lakh crore.
- The scheme continues to be one of the world’s largest direct income support programmes since its launch on February 24, 2019.
Benefits for West Bengal
West Bengal will receive a significant share of the latest installment:
- Beneficiary Farmers: More than 45.35 lakh
- Amount to be Transferred: Over ₹907.21 crore
- Total Assistance Since Launch: More than ₹15,055 crore
Nationwide Participation
The Agriculture Ministry expects participation from over 1 crore farmers through:
- Krishi Vigyan Kendras (KVKs)
- ICAR Institutes
- Agricultural Universities
- Farmer Producer Organisations (FPOs)
- Agriculture Mandis
- PM Kisan Samriddhi Kendras
- Cooperative Institutions
Major Agriculture Initiatives to Be Launched
Alongside the PM-KISAN installment, the government will announce several new agricultural initiatives.
Crop Insurance Expansion
The government will roll out:
- Pradhan Mantri Fasal Bima Yojana (PMFBY)
- Restructured Weather Based Crop Insurance Scheme (RWBCIS)
Key targets include:
- Coverage for nearly 1.10 crore farmers
- Around 30 lakh hectares under insurance during 2026–27
- Combined Centre-State subsidy of approximately ₹777 crore
Digital Agriculture Mission
The Digital Agriculture Mission (AgriStack) will also be expanded to integrate:
- Fertiliser distribution
- Kisan Credit Cards
- MSP procurement
- Direct Benefit Transfers
- Digital farmer services on a unified platform
National Mission on Natural Farming
The government plans to establish:
- 346 natural farming clusters
- Covering 17,300 hectares
- Benefiting over 43,000 farmers across West Bengal
Why PM-KISAN Matters
PM-KISAN provides eligible farmer families with ₹6,000 annually, distributed in three equal installments of ₹2,000, helping support agricultural expenses and improve rural financial security.
Conclusion
The release of the 23rd PM-KISAN installment marks another important milestone in India’s rural support programme. With ₹18,880 crore set to reach over 9.44 crore farmers, the initiative continues to strengthen farm incomes while being complemented by expanded crop insurance, digital agriculture services, and sustainable farming programmes aimed at improving long-term agricultural productivity.
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