The PM-Kisan Mandhan Yojana is a government initiative aimed at ensuring social security and old-age protection for small and marginal farmers across the country. Launched on 9th August 2019, this voluntary and contributory pension scheme targets farmers in the age group of 18 to 40 years.
Key Features of PM-KMY
- Eligibility Criteria:
- All landholding small and marginal farmers with cultivable land up to 2 hectares are eligible.
- The family unit covered by the scheme includes the husband, wife, and minor children.
- Pension Benefits:
- Upon reaching the age of 60 years, eligible farmers receive a monthly pension of Rs. 3,000.
- This pension provides crucial financial support during their retirement years.
- Premium Contribution:
- Farmers need to contribute a nominal premium amount to avail of the scheme.
- The monthly premium ranges from Rs. 55 to Rs. 200, depending on the farmer’s age.
- Exclusion Categories: Certain beneficiaries are excluded from the scheme, including:
- Former and present constitutional post holders, ministers, and members of legislative bodiesInstitutional landholders.
- Serving or retired government officers and employees.
How to Apply for PM-KMY?
- Visit the official PM-Kisan Mandhan Yojana website.
- Log in using your credentials.
- Provide the necessary information as requested.
- Complete the OTP-based eKYC process.
- Click on Submit to complete your application.
Benefits of PM-KMY
- Financial Security: The scheme ensures that farmers have a stable income during their retirement years.
- No Dependency: After the age of 60, farmers need not rely solely on others for their livelihood.
- Easy Application Process: The online application process is straightforward and accessible.
Conclusion
The PM-Kisan Mandhan Yojana is a lifeline for small and marginal farmers, offering them financial security and dignity during their old age. By contributing a small premium, farmers can secure their future and focus on their well-being.
Remember, the scheme is a testament to the government’s commitment to the welfare of our hardworking farmers.
