The Indian government continues to roll out welfare schemes aimed at improving the financial well-being of farmers, particularly during their old age. Among these is the PM Kisan Maandhan Yojana, a flagship pension scheme launched by the central government to provide social security to small and marginal farmers.
Under this initiative, farmers who meet the eligibility criteria will receive a monthly pension of ₹3,000 after attaining the age of 60. This pension scheme acts as a financial cushion for aging farmers, ensuring they are not left without support in their retirement years.
Short Summary
Detail |
Information |
|---|---|
Scheme Name |
PM Kisan Maandhan Yojana |
Launched By |
Central Government of India |
Target Beneficiaries |
Small and marginal farmers |
Monthly Pension Amount |
₹3,000 after the age of 60 |
Eligibility Age |
18 to 40 years for enrollment |
Pension Start Age |
60 years |
Contribution Required |
₹55 to ₹200/month based on age at entry |
Linked Scheme Requirement |
Must be a beneficiary of PM Kisan Samman Nidhi |
Official Website |
What is PM Kisan Maandhan Yojana?
The PM Kisan Maandhan Yojana was introduced by the Government of India in 2019. It is a voluntary and contributory pension scheme meant exclusively for small and marginal farmers. The goal is to provide a regular monthly income to farmers during their old age, reducing their dependence on others and ensuring dignity in their later years.
Eligibility Criteria
To benefit from this scheme, applicants must meet certain eligibility conditions:
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Age Limit: The applicant must be between 18 and 40 years of age at the time of enrollment.
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Farming Status: Must be a small or marginal farmer, owning cultivable land up to 2 hectares as per land records.
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PM-Kisan Linkage: The applicant must be registered under the PM Kisan Samman Nidhi Yojana, as their details are automatically verified through the database.
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Not Covered Under Other Pension Schemes: The applicant should not be a part of EPFO, ESIC, or NPS, and should not be an income taxpayer.
Monthly Contribution Structure
The amount a farmer has to contribute depends on the age at which they enroll:
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18 years: ₹55/month
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30 years: ₹110/month
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40 years: ₹200/month
This contribution must be made every month until the farmer reaches the age of 60. After that, the government provides a fixed monthly pension of ₹3,000 for life.
Additionally, the central government also contributes an equal amount to the pension fund, making it a 50:50 contributory scheme.
How to Register for PM Kisan Maandhan Yojana
Enrollment in the PM Kisan Maandhan Yojana is simple and can be done online or through Common Service Centres (CSCs).
Steps to Apply Online:
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Visit the Official Website: Go to https://maandhan.in.
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Click on ‘Self Enrollment’: Navigate to the PM-KMY section and select “Self Enrollment”.
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Enter Mobile Number: Enter your mobile number to receive an OTP.
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Complete KYC: Submit Aadhaar details and validate your information.
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Fill the Application: Provide necessary personal and banking details.
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Pay the First Contribution: Make the first monthly contribution online to activate your account.
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Get Pension Card: Once successfully registered, you will receive a digital pension card.
Enrollment via CSCs:
Alternatively, farmers can visit their nearest Common Service Centre (CSC) with:
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Aadhaar Card
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PM Kisan Samman Nidhi ID
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Bank passbook
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Mobile number
The CSC operator will help complete the registration process.
Pension Benefits
Once enrolled, the farmer continues contributing until the age of 60. After reaching 60:
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The monthly pension of ₹3,000 begins.
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This pension is directly credited to the farmer’s bank account.
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In case of the death of the beneficiary, the spouse is entitled to receive 50% of the pension as a family pension.
Key Advantages of PM Kisan Maandhan Yojana
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Lifetime Financial Security: A steady monthly income after 60 ensures security in old age.
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Government Co-contribution: The scheme is financially backed by the government, reducing the burden on the farmer.
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Digital Enrollment: Easy access through self-registration and CSCs.
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Nominal Investment: Low monthly contribution based on age.
Official Website
To enroll or learn more, visit the official website:
https://maandhan.in
Frequently Asked Questions (FAQs)
1. Who can apply for PM Kisan Maandhan Yojana?
Small and marginal farmers aged between 18 to 40 years and registered under PM-Kisan can apply.
2. Is it mandatory to be enrolled in PM Kisan Samman Nidhi to join this scheme?
Yes, linking with the PM-Kisan scheme is essential as it helps in verification.
3. What happens if I stop paying the monthly contributions?
If contributions are discontinued, the account becomes dormant. However, it can be reactivated later or withdrawn based on terms and conditions.
4. Is there a family pension in case of death?
Yes, in case of the farmer’s death, the spouse receives 50% of the pension amount as family pension.
5. Can I exit the scheme before 60?
Yes, premature exit is allowed. Depending on the exit time, the farmer may receive the contribution made along with interest.
Conclusion
The PM Kisan Maandhan Yojana is a well-planned initiative designed to secure the future of India’s farming community. With minimal monthly investment, farmers can ensure a stable and dignified life post-retirement. The scheme highlights the government’s commitment to the welfare of small and marginal farmers, offering them peace of mind in their later years.
Farmers who are yet to enroll are encouraged to register early, especially at a younger age, to minimize their monthly contributions while maximizing their benefits.
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