Pradhan Mantri Kisan MaanDhan Yojana (PM-KMY)

Agriculture is the backbone of India, with millions of farmers toiling day and night to ensure the country’s food security. Despite their crucial role, many farmers face financial instability, particularly in their old age. To address this pressing issue, the Government of India launched the Pradhan Mantri Kisan MaanDhan Yojana (PMKMY), a significant step towards providing social security to farmers. This scheme, commonly referred to as the Kisan Pension Yojana, aims to ensure a dignified life for farmers in their twilight years.

Pradhan Mantri Kisan MaanDhan Yojana :

Launched in 2019, the Pradhan Mantri Kisan MaanDhan Yojana (PMKMY) is a pension scheme for small and marginal farmers. Under this scheme, farmers aged between 18 and 40 years can receive a minimum fixed pension of ₹3,000 per month upon attaining the age of 60. The primary goal of the man dhan yojana is to provide financial security and stability to farmers, helping them lead a worry-free life post-retirement.

Key Features 

1. Eligibility: The scheme is designed for small and marginal farmers who own cultivable land up to 2 hectares.
2. Age Group: Farmers aged between 18 and 40 years can enroll in the mandhan yojana.
3. Pension Benefits: Upon reaching 60 years of age, enrolled farmers will receive a monthly pension of ₹3,000.
4. Contribution: The contribution varies based on the age of the farmer at the time of enrollment, ranging from ₹55 to ₹200 per month. The government matches the farmer’s contribution.
5. Family Pension: In case of the farmer’s demise, the spouse is entitled to receive 50% of the pension as a family pension. This is only applicable to the spouse.

Monthly Contribution

The monthly contribution amount for the Pradhan Mantri Kisan MaanDhan Yojana (PMKMY) is determined by the age of the farmer at the time of enrollment. The following contribution chart provides details on the required contributions based on different age brackets:

Sr. N	Entry Age	Superannuation Age	Member’s Monthly Contribution	Government Monthly Contribution	Total Monthly Contribution
1	18	60	Rs. 55	Rs. 55	Rs. 110
2	19	60	Rs. 58	Rs. 58	Rs. 116
3	20	60	Rs. 61	Rs. 61	Rs. 122
4	21	60	Rs. 64	Rs. 64	Rs. 128
5	22	60	Rs. 68	Rs. 68	Rs. 136
6	23	60	Rs. 72	Rs. 72	Rs. 144
7	24	60	Rs. 76	Rs. 76	Rs. 152
8	25	60	Rs. 80	Rs. 80	Rs. 160
9	26	60	Rs. 85	Rs. 85	Rs. 170
10	27	60	Rs. 90	Rs. 90	Rs. 180
11	28	60	Rs. 95	Rs. 95	Rs. 190
12	29	60	Rs. 100	Rs. 100	Rs. 200
13	30	60	Rs. 105	Rs. 105	Rs. 210
14	31	60	Rs. 110	Rs. 110	Rs. 220
15	32	60	Rs. 120	Rs. 120	Rs. 240
16	33	60	Rs. 130	Rs. 130	Rs. 260
17	34	60	Rs. 140	Rs. 140	Rs. 280
18	35	60	Rs. 150	Rs. 150	Rs. 300
19	36	60	Rs. 160	Rs. 160	Rs. 320
20	37	60	Rs. 170	Rs. 170	Rs. 340
21	38	60	Rs. 180	Rs. 180	Rs. 360
22	39	60	Rs. 190	Rs. 190	Rs. 380
23	40	60	Rs. 200	Rs. 200	Rs. 400

How to Apply for PM Kisan MaanDhan Yojana?

Farmers can enroll in the pm kisan mandhan scheme through a simple process. Here are the steps:

Step 1: Eligible small and marginal farmers (SMFs) interested in joining the scheme should visit the nearest Common Service Centre (CSC).

Step 2: Ensure the following documents are ready for the enrollment process:

• Aadhaar Card
• Savings Bank Account Number with IFSC Code (evidence can be a bank passbook, cheque leaf/book, or bank statement copy)

Step 3: Provide the initial contribution amount in cash to the Village Level Entrepreneur (VLE).

Step 4: The VLE will authenticate the subscriber’s details by entering the Aadhaar number, name, and date of birth as printed on the Aadhaar card.

Step 5: The VLE will then complete the online registration by inputting details such as bank account information, mobile number, email address, spouse (if any), and nominee details.

Step 6: The system will automatically calculate the monthly contribution based on the subscriber’s age.

Step 7: The subscriber will pay the first subscription amount in cash to the VLE.

Step 8: The Enrolment cum Auto Debit mandate form will be printed, signed by the subscriber, scanned, and uploaded into the system by the VLE.

Step 9: A unique Kisan Pension Account Number (KPAN) will be generated, and a Kisan Card will be printed.

Benefits  

The Kisan Pension Yojana offers multiple benefits, ensuring a secure and stable future for farmers:

1. Financial Security: The guaranteed pension amount provides financial stability in old age, reducing dependence on others.
2. Government Contribution: The government’s matching contribution helps farmers build a substantial pension corpus over time.
3. Social Security: The scheme acts as a social security net, protecting farmers from economic hardships in their later years.
4. Easy Enrollment: The straightforward and hassle-free enrollment process encourages more farmers to join the scheme.

Impact on Farmers’ Lives

The Pradhan Mantri Kisan MaanDhan Yojana has the potential to transform the lives of millions of small and marginal farmers across India. By ensuring a steady income post-retirement, the scheme empowers farmers to live with dignity and independence. The financial support also encourages farmers to continue their agricultural activities with renewed confidence, knowing their future is secure.

Future Prospects and Government Initiatives

The Pradhan Mantri Kisan MaanDhan Yojana is part of a broader effort by the government to uplift the agricultural sector and ensure the well-being of farmers. Various initiatives, such as the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan), complement the mandhan yojana by providing crop insurance and direct income support to farmers.

The government’s focus on digitalization and accessibility has made it easier for farmers to enroll in these schemes and benefit from them. Continuous efforts are being made to raise awareness about the Kisan Pension Yojana through campaigns, workshops, and collaboration with local bodies.

Conclusion

• The Pradhan Mantri Kisan MaanDhan Yojana is a landmark initiative aimed at providing financial security to India’s small and marginal farmers.
• By offering a guaranteed pension, the scheme ensures that farmers can lead a dignified life post-retirement.
• The simplicity of the enrollment process and the government’s matching contribution make the pm kisan mandhan an attractive option for farmers.
• Through the Kisan Pension Yojana, the government has taken a significant step towards recognizing and addressing the needs of the agricultural community.
• As more farmers enroll in the mandhan yojana online, the scheme’s impact will continue to grow, contributing to the overall development and prosperity of rural India.

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