Rinse and soak the rice in 2 cups of water for 20 minutes. Drain water after 20 mins.
Set the Instant Pot to Saute(More) mode and heat 1 tablespoon of ghee. Add sliced onions and cook for 5-7 minutes or until the onions are lightly caramelized. Take half of the onions out and reserve for garnish.
Add remaining ghee, cumin seeds, cardamom, cloves, black pepper, bay leaves. Cook for 30 seconds. Add all the veggies (carrots, green beans, mushrooms, red pepper, corn, paneer). Press cancel and deglaze the pot removing any browning. Use 1-2 tablespoons of water if needed. Add ginger, garlic, turmeric, red chili powder, garam masala and 1 teaspoon of salt. mix well. Add mint, rice and 2 teaspoons salt. Add 2 cups of water. Mix well, making sure most of the rice is under water.
Close the Instant Pot with pressure valve to sealing. Select Manual/Pressure Cook(Hi) and adjust the cook time to 6 minutes. Quick release. Open the Instant Pot. Garnish with caramelized onions and cilantro. Enjoy hot with Raita!
Additional NOTE: I have modified the cook time for this recipe to 5 minutes LO pressure cook as sometimes store bough paneer can get chewy when cooked in high pressure. If your Instant Pot does not HI/LO pressure cook options, you can cook this using the default/high pressure and then stir in the paneer in the end.