How Farmers Can Get Rs. 36000 Yearly through This Pension Scheme; Check Method to Apply & Other Details

Pradhan Mantri Kisan Maandhan Yojana is a beneficial government scheme that is meant for old age protection as well as social security of farmers in the country. The scheme is for small and marginal farmers having cultivable landholding up to two hectares falling in the age group of 18-40 years and whose names appear in the land records of States or Union Territories as on 1 August 2019 are eligible to get benefit under this scheme.

So far, 20, 32,300 farmers have registered to avail the benefit of Pradhan Mantri Kisan Maandhan Yojana.  The centre had begun the registration process for Pradhan Mantri Kisan Maandhan yojana last year in August. Under this government scheme, after the completion of 60 years, farmers are given a pension of Rs 3000 /month or say Rs 36,000/ year.

What are the Benefits of PM Kisan Maandhan Yojana

According to Ministry of Agriculture officials, farmers will have to pay no fees for PM-KMY registration. If a farmer is already taking benefit of PM-Kisan Samman Nidhi yojana then he will not have to deposit any separate documents for this scheme.

Under this yojana, farmers can choose to contribute directly from the benefits received from PM-Kisan scheme. Therefore, they will not have to spend money directly from their pocket.

Farmers have to make a monthly contribution of Rs.55 to Rs.200, which depends on their age of entry.

If a farmer wants to leave the scheme in between, then his money will not be lost. The money that has been deposited till his departure would get interest equal to the savings account of banks. In case the farmer dies, then his wife will continue to get 50% of the amount.

PM Kisan Mandhan Yojana Apply Online

Step 1 - You can visit nearest Common Service Centre (CSC).

Step 2 - Required documents for the enrollment process:

Aadhaar Card, Savings Bank Account Number with IFSC Code

Step 3 - Initial contribution amount in cash would be made to Village Level Entrepreneur (VLE).

Step 4 - VLE will enter the Aadhaar number, Name and Date of birth as written on Aadhaar card for authentication.

Step 5 - He will then complete the online registration by filling up details such as Bank Account details, Mobile Number, Spouse and Nominee details.

Step 6 – After that system will automatically calculate the monthly contribution payable according to age of farmer.

Step 7 - Subscriber will pay the first subscription amount in cash to VLE.

Step 8 – An enrollment cum Auto Debit mandate form would be printed & be further signed by farmer. VLE will scan the same & upload it into the system.

Step 9 - A unique Kisan Pension Account Number or KPAN would be generated & Kisan Card will be printed.

Direct Link to Apply for PM-Kisan Maandhan Yojana

Click Here