Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) is a central government scheme launched in September 2019 to provide social security to small and marginal farmers. Pradhan Mantri Maandhan Yojana aims to give 3000 rupees every month as pension to the farmer at the age of 60.
Pradhan Mantri Kisan Maandhan Yojana 2023
Under the scheme, farmers between the age of 18 and 40 years are required to contribute a certain amount every month. The government will also contribute an equal amount to the pension fund. The minimum monthly contribution by farmers ranges from Rs. 55 to Rs. 200, depending on their age at the time of joining the scheme.
The Pradhan Mantri Maandhan Yojana scheme is voluntary, and farmers who opt to enroll will have to continue contributing until they reach the age of 60 years. In the event of a farmer’s death, the spouse will receive 50% of the pension as family pension.
The Pradhan Mantri Maandhan Yojana scheme aims to provide financial security to farmers who work hard every day to feed the country but often struggle with financial insecurities. It is expected to benefit around 5 crore farmers across the country.
Objective of PM Kisan Maandhan Yojana
The primary objective of the PM Kisan Maandhan Yojana is to provide a pension to small and marginal farmers in their old age, who are over the age of 60 years. The scheme aims to ensure financial stability and support to farmers who have spent their lives in farming and have little or no savings for the future.
The Pradhan Mantri Maandhan Yojana scheme is also aimed at providing social security and financial protection to the families of farmers in case of their unfortunate death. The scheme encourages farmers to save for their future and also helps in boosting rural consumption by providing them with additional disposable income.
Benefits of Pradhan Mantri Kisan Maandhan Yojana 2023
- Pension for farmers:
The Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) is a pension scheme for farmers. The beneficiaries will receive a fixed pension of Rs. 3000 per month after attaining the age of 60 years. This will provide social security to the farmers and ensure a regular income in their old age.
- Affordable premium:
The premium payable by the farmers under PM-KMY is very low. Farmers between the age of 18 and 40 years will have to pay a premium of only Rs.55 to Rs.200 per month, depending on their age, for entry in the scheme.
- Help to small and marginal farmers:
Small and marginal farmers are the most vulnerable and need financial support. PM-KMY provides financial assistance to them, ensuring that they too have access to pension benefits.
- Assured returns:
The scheme guarantees pension returns to beneficiaries. It gives a sense of security to farmers that their future is secure even if their crops fail.
- Encourages savings:
The PM-KMY scheme encourages farmers to save for their future as they contribute a small amount every month towards the pension fund. This will help many farmers to develop the habit of saving for the future.
- Additional income source:
The PM-KMY scheme provides an additional income source to the farmers. Besides income from crops, farmers will get a fixed income at the age of retirement.
Pradhan Mantri Fasal Bima Yojana
- Promotes financial inclusion:
PM-KMY promotes financial inclusion among farmers, who are often excluded from the formal financial system. By providing them with a pension scheme, the government is ensuring that they are included in the formal financial system.
- Government contribution:
The government will also contribute an equal amount to the farmers' pension fund under the PM-KMY scheme. This will help to build a larger corpus for pension benefits.
Eligibility for Pradhan Mantri Kisan Maandhan Yojana 2023
Here are the eligibility criteria for the Pradhan Mantri Kisan Maandhan Yojana:
- The farmer should be between 18 and 40 years old.
- He/she should be a Small and Marginal Farmer (SMF) owning cultivable land up to 2 hectares as per the land records of the concerned State/UT.
- The farmer should not be an income taxpayer.
- He/she should have a valid Aadhaar card.
- The farmer should have a mobile phone to receive SMS alerts.
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Please note that these eligibility criteria are subject to change, and I recommend checking the official website of the scheme or consulting with a relevant authority to get accurate and updated information.
Ineligibility for Pradhan Mantri Kisan Maandhan Yojana
Ineligibility for the Pradhan Mantri Kisan Maandhan Yojana. the following are some general criteria that could make a farmer ineligible for the scheme:
- Beneficiaries of other pension schemes:
If the farmer is already enrolled in any other pension scheme offered by the government, such as the Employees' Provident Fund (EPF), National Pension System (NPS), or the Atal Pension Yojana (APY), then they would not be eligible for the Pradhan Mantri Kisan Maandhan Yojana.
- Income above the threshold:
If the farmer's income exceeds the threshold limit of Rs. 15,000 per month, then they would not be eligible for the scheme.
- Land ownership outside India:
If the farmer owns land outside India or has citizenship in another country, they would not be eligible for the scheme.
- Age limit:
The farmer should be between 18 to 40 years old to be eligible for the scheme.
Please note that the eligibility criteria may vary based on the government policies and are subject to change from time to time.
Important facts related to Kisan Maandhan Yojana 2023
- Beneficiaries associated with the Kisan Pension Yojana have to deposit a premium amount ranging from ₹ 55 to ₹ 200 per month.
- Under this plan, you are also given a life insurance.
- ₹ 3000 monthly pension is sent to the beneficiary's account after 60 years.
- If a beneficiary makes regular contributions to it and dies due to any reason, then his spouse can continue it.
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Documents for Pradhan Mantri Kisan Maandhan Yojana 2023
Socuments for Pradhan Mantri Kisan Maandhan Yojana 2023. Here are some of the key documents that may be required for the scheme:
- Aadhaar card as identity proof
- Bank account details for transferring the pension amount
- Land documents as proof of ownership or lease of land for farming
- Certificate of eligibility from the state agriculture department
- Age proof documents such as birth certificate or Aadhaar card
- Income certificate from the respective state government
- Mobile number for communication purposes
PM Kisan Maandhan Pension Yojana 2023 Apply Offline
If you want to apply offline for this scheme, you can follow the below steps:
- Visit your nearest Common Service Center (CSC) or Agriculture Department office.
- Ask for the PM Kisan Maandhan Pension Yojana application form.
- Fill out the application form completely with accurate details such as name, address, Aadhar card number, bank account details, etc.
- Attach necessary documents such as Aadhar card, bank passbook copy, and a passport-size photograph (as per guidelines).
- Submit the filled application form along with the documents to the concerned authority.
- The authority will verify your details and issue the Pension card once approved.
Apply Online for PM Kisan Maandhan Yojana 2023
You can follow the steps below to apply online for PM Kisan Maandhan Yojana-
- Visit the official website of PM Kisan Maandhan Yojana - https://maandhan.in/
- Click on the “Apply Now” tab.
- Enter your Aadhaar number.
- Enter mobile number and click on “Generate OTP”.
- Enter OTP received on your mobile.
- Verify the details and enter required details such as name, DOB, etc. in the application form.
- Upload a scanned copy of your Aadhaar card.
- Click on “Submit” to complete the application process.
- After submitting the application, your registration will be verified by the concerned authorities. Once your registration is confirmed, you will start receiving the benefits of PM Kisan Maandhan Yojana.
Helpline number related to pm Kisan Maandhan Yojana 2023?
The helpline number for PM Kisan Maandhan Yojana is 18001155266
FAQ
Q : What is the age to join PM Kisan Maandhan Yojana?
Q : How much pension will be available in PM Kisan Maandhan Yojana?
Ans: ₹ 3000 monthly pension is sent to the beneficiary's account after 60 years.
Q : Official website to apply for Pradhanmantri Kisan Mandhan Yojana?
Ans: Visit the official website of PM Kisan Maandhan Yojana - https://maandhan.in
Q : When was the PM Kisan Pension Yojana started?
Ans: Central government scheme launched in September 2019 to provide social security to small and marginal farmers.
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