PM Kisan Yojana 24th Installment 2026: The 23rd installment of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) scheme was released on June 20, 2026. Since then, farmers across the country have been waiting for the 24th installment, wondering when it might arrive. Meanwhile, a BJP-ruled state government has given farmers some good news.
The Maharashtra government has announced the waiver of outstanding electricity bills worth approximately ₹48,000 crore for the state’s farmers. Let’s find out what news is coming out regarding the electricity bill waiver along with the 24th installment of the PM Kisan Yojana.
PM Kisan Yojana 24th Installment 2026
The Pradhan Mantri Kisan Samman Nidhi Yojana is a central government scheme. Under this scheme, eligible farmers receive a total of ₹6,000 annually in their bank accounts, with each installment being ₹2,000. Under this scheme, money is transferred directly to farmers’ bank accounts, providing them with direct benefits.
| Main Details | Information |
|---|---|
| Scheme Name | Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) |
| Upcoming Installment | 24th Installment |
| Installment Amount | ₹2,000 |
| Total Annual Benefit | ₹6,000 (Three Installments) |
| Previous Installment | 23rd Installment |
| Expected Next Installment | October 2026 (Official confirmation awaited) |
Under the central government’s Pradhan Mantri Kisan Samman Nidhi Yojana, 23 installments have been released so far, with the 23rd installment released on June 20th, benefiting over 9 crore farmers. Farmers are currently awaiting the 24th installment, although installments are released every four months.
It is estimated that the 24th installment of the PM Kisan Yojana may be released in October. Only eligible farmers receive the full installment each year. If farmers who haven’t received the benefit complete mandatory requirements like e-KYC, land verification, and Aadhaar linking, they will also begin receiving the benefits.
Maharashtra government’s big gift to farmers
Maharashtra Chief Minister Devendra Fadnavis made this major announcement during an event in Mumbai. He said that to provide relief to farmers, his government will waive all outstanding electricity bills of those using agricultural pumps up to 7.5 horsepower (HP).
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This major decision will provide relief from the burden of electricity bills, and Chief Minister Fadnavis said, “Since our government came to power, we have provided free electricity to farmers using agricultural pumps up to 7 HP. For this, we allocate a budget of ₹25,000 crore every year to compensate power companies. However, old outstanding bills remain in the name of every farmer, and they are asked to pay these dues upon obtaining a new electricity connection. To ensure that farmers do not face such outstanding bills, I am announcing a complete waiver of electricity bills.”
Approximately ₹48,000 crore related to agricultural pumps waived
With this decision, the state government will waive approximately ₹48,000 crore of old outstanding electricity bills related to agricultural pumps up to 7.5 HP. This is a significant amount and can provide relief and benefit to farmers. The government has clarified that waiving electricity bills does not mean that the power distribution company will incur losses, but rather that the state government will provide a budget of ₹25,000 crore to the power distribution company every year.
According to Maharashtra State Electricity Distribution Company (MSEDCL) officials, this major move will reduce the burden of old electricity bills on farmers and help the company recover outstanding dues that have been pending for years.
Loans waived before the electricity bill waiver
Earlier in June 2026, the Maharashtra government announced the waiver of agricultural loans worth ₹36,500 crore, with approximately 5.6 million farmers expected to benefit under the ‘Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana 2026’.
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Chief Minister Fadnavis also stated that the government is taking further steps to increase revenue through the industry and service sectors, and as revenue increases, more funds will be made available for the agricultural sector.
Old Free Electricity Scheme
The Maharashtra government already provides free electricity to farmers with agricultural pumps up to 7.5 HP. In the June 2024 budget, the government also announced that it would cover farmers’ existing electricity bills under the Chief Minister Baliraja Free Electricity Scheme.
This electricity bill waiver is a step to promote solar energy in the state. Under the Chief Minister Solar Krishi Vahini Yojana (MSKVY) 2.0, decentralized solar power projects with a capacity of over 15,284 MW are underway, making it one of the largest such initiatives in the world. This scheme involves private investment of approximately ₹65,000 crore and is expected to generate approximately 70,000 jobs in rural areas.
In this, for now, electricity is being provided to 76 percent of the farmers of the state during the day and the government’s target is to provide free electricity to 100 percent of the farmers for 8 to 12 hours a day.
FAQs
When will the 24th installment of the PM Kisan Yojana arrive?
The 23rd installment arrived on June 20, 2026, so the next installment is expected in October 2026.
What are the necessary conditions to receive the 24th installment?
Farmers must first complete eKYC and submit land records on the portal.
How much electricity bill has the Maharashtra government waived for farmers?
On July 15, 2026, Maharashtra Chief Minister Devendra Fadnavis announced the waiver of outstanding electricity bills worth ₹48,000 crore for farmers in the state. This waiver will apply only to those using agricultural pumps up to 7.5 horsepower (HP).
