Pradhan Mantri Kisan Maandhan Yojana is a government initiative that provides financial security to small and marginal farmers in old age. In this scheme, people between 18 to 40 years of age are eligible.
After the age of 60 years, farmers will get a pension of Rs 3000 per month and if unfortunately the farmer dies, then his wife will get 50 percent of the pension amount. Both husband and wife can get a pension under this scheme
Prime Minister Kisan Launched in 2019
The Government of India has started many schemes to ensure the economic security of farmers, one of the major schemes is the Pradhan Mantri Kisan Maandhan Yojana.
This scheme was launched in 2019 and aims to provide financial security to small farmers in old age. Under this scheme, farmers can avail a pension of Rs 3000 every month after the age of 60 years by making a monthly investment of just Rs 55.
Both husband and wife can avail the benefit of this scheme separately and get a total pension of Rs 6,000 per month.
Prime Minister Kisan Maandhan Yojana
Pradhan Mantri Kisan Maandhan Yojana is a government initiative that provides financial security to small and marginal farmers in old age. Farmers between 18 to 40 years of age can apply for this scheme.
Depending on age, farmers have to make a monthly contribution of Rs 55 to Rs 200, which gives them a pension of Rs 3000 per month after the age of 60 years.
This contribution depends on the age of the farmer and the maximum annual contribution is Rs 2400 and the minimum contribution is Rs 660.
Eligible For This Scheme
The benefit of Pradhan Mantri Kisan Maandhan Yojana is available to those farmers who have cultivable land in their name.
Both rural and urban farmers can avail the benefits of this scheme, but existing and retired officers of state and central government, PSUs, and government institutions do not get the benefit of this scheme.
Additionally, farmers paying income tax and individuals receiving monthly pensions of more than Rs 10,000 are also not eligible for this scheme.
Benefits of PM Kisan Maandhan Yojana
After the age of 60 years, farmers will get a pension of Rs 3000 per month and if unfortunately the farmer dies, then his wife will get 50 percent of the pension amount. Both husband and wife can get a pension under this scheme.
If the depositor exits in less than 10 years under the scheme, he is paid the amount as per the interest rate of the savings account along with the deposited amount.
If the depositor exits the scheme after more than 10 years but has not completed 60 years of age, the interest deposited in the pension fund or the savings account interest, whichever is higher, is paid.
Register For Free
1. First of all, go to the nearest Common Service Center (CSC) and register for free.
2. Submit all the documents related to your and your family’s annual income and land.
3. Provide your bank account information to receive money.
4. Link the application form with an Aadhar card.
5. After this you will be provided a pension account number.