Agriculture World

PM Kisan Mandhan Yojana: How Farmers Can Get Rs. 36000 Yearly through This Government Scheme

Abha Toppo
Abha Toppo
pension

Farmers go through many problems throughout their life including financial crisis, which becomes more difficult in their old age. To help farmers deal with all such problems in their old age, the Modi Government has launched a pension scheme known as Pradhan Mantri Kisan Mandhan Yojana in August 2019. Under this government scheme, farmers between 18 - 40 years of age can register and take monthly pension of Rs. 3000. 

Till now, 20, 501, 29 farmers have registered under Pradhan Mantri Kisan Maandhan Yojana.  The pension scheme is for the old age protection as well as social security of small and marginal farmers having 2 hectares of land.

Under Pradhan Mantri Kisan Maandhan Yojana, farmers will get assured pension of Rs. 3000 per month after completing the age of 60 years and if they die then their spouse will be entitled to receive 50% of the pension as family pension. Remember that a family pension is applicable only to the spouse.

Benefits of PM Kisan Maandhan Yojana

  • Guaranteed Pension of Rs. 3000 / month or Rs. 36000/year

  • Voluntary and Contributory Scheme

  • Matching Contribution by Government

farmers

Officials of the Ministry of Agriculture have made it clear that there will be no fees to register for PM-KMY. And if a farmer is already getting the benefit of PM-Kisan scheme then he will not have to submit separate documents for this pension yojana.

Under this pension scheme, you can opt to contribute directly from the benefits received from PM-Kisan scheme. This way, you will not have to spend money directly from your wallet.

If a contributor leaves the scheme within a period of less than ten years from the date of joining then his share of contribution would be returned to him with savings bank rate of interest payable thereon.

If a farmer wants to leave the scheme in between, then his money would not go waste. The amount that has been deposited till his departure will get interest equal to the savings account of banks.

Monthly contributions for PM Kisan Mandhan Yojana

Farmers have to make a monthly contribution of Rs.55 to Rs.200 and this amount will depend on their age of entry.

kisan

How to Register for PM Kisan Mandhan Yojana

Registration PM Kisan Mandhan Yojana is as follows

The PM-KMY enrollment can be done through self-registration (website) or vis Common Service Centres in different states.

PM Kisan Mandhan Yojana Online registration

For self-enrollment click this link - pension yojana

PM Kisan Mandhan Yojana Offline registration

Step 1 - Farmers who want to join the scheme will have to go to the nearest Common Service Centre (CSC).

Step 2 - Following are the things they will need for enrolment process: Aadhaar Card and Savings Bank Account Number with IFSC Code

Step 3 - Initial contribution amount in cash has to be made to the Village Level Entrepreneur.

Step 4 - He will fill in Aadhaar number, Name of subscriber and Date of birth as printed on aadhaar card for authentication.

Step 5 - He will also complete the online registration by filling up the other details.

Step 6 – After that system will auto-calculate monthly contribution payable according to the age.

Step 7 - Subscriber will pay the 1st subscription amount in cash to the VLE.

Step 8 - A unique Kisan Pension Account Number will be generated & Kisan Card will be printed.

Click to Find Common Service Centre - https://locator.csccloud.in/

For complete details of PM Kisan Maandhan Yojana click - pmkmy.gov.in

Like this article?

Hey! I am Abha Toppo. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Share your comments

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters