Rinse basmati rice until water runs clean (usually after 3 washes). Soak the rice for 15 minutes.
Turn on SAUTE mode, and add oil and ghee (You can skip for vegan version) to the inner pot. Add whole spices and cook for 5 sec.
Add chopped onions and cook them until translucent. Next add curry leaves, carrots, green beans, green peas, potatoes, mint and cilantro. Saute for a minute
Add salt, hing (asafoetida powder), ginger garlic paste, coriander powder, soaked rice, and water. Give it a nice stir.
Seal the instant pot lid with vent closed and PRESSURE COOK for 5 minute High pressure.
Wait for natural pressure release. When pin drops, open the lid and fluff the rice with fork or spatula.
Optional: At this point you can fresh panner and close the lid to cook paneer from retained heat.
Serve it with plain yogurt or mango pickle.