Are you a small farmer and are worried about financial security in old age, Then Pradhan Mantri Kisan Mandhan Yojana is the perfect option for you. Under this scheme, small and marginal farmers get pensions in old age.
What is Pradhan Mantri Kisan Mandhan Yojana
This is an important scheme of the Central Government, which aims to provide financial security to small and marginal farmers in old age. Under this scheme, farmers can get a pension of ₹ 3,000 per month after completing the age of 60 years.
How to get ₹ 3,000
Farmers have to contribute from ₹ 55 to ₹ 200 per month depending on their age. This contribution depends on the age of the farmer the maximum annual contribution is ₹ 2400 and the minimum contribution is ₹ 660.
Which farmers are eligible
The benefit of this scheme is available to those farmers who have cultivable land in their name.
Both rural and urban farmers can avail of the scheme, but current and retired officials of the state and central government, employees of public sector undertakings, and government institutions cannot avail of the scheme.
Apart from this, farmers paying income tax and persons receiving a pension of more than ₹ 10,000 per month are also not eligible for this scheme.
Important information related to the scheme
If a farmer exits the scheme in less than 10 years, he is paid the amount as per the interest rate of the savings account along with the deposited amount.
If a farmer exits the scheme after more than 10 years but his age has not completed 60 years, he is paid the interest deposited in the pension fund or the interest of the savings account, whichever is higher.
How to register
You can easily register by following the following steps-
Visit your nearest Common Service Center (CSC) and register for free.
Submit all the documents related to your and your family’s annual income and land.
Give your bank account details to receive the money.
Link the application form to the Aadhar card.
You will then be provided with a pension account number.
Pradhan Mantri Kisan Maandhan Yojana is a reliable option for financial security in your old age. Through this scheme, you can get a pension of ₹3,000 per month by making a small contribution. If you are a small farmer, apply for this scheme today.