Pradhan Mantri Kisan Maandhan Yojana, a pension scheme launched by the Government of India in 2019 to provide financial support for small and marginal farmers in the country.
Pradhan Mantri Kisan Maandhan Yojana 2024 – Overview
Pradhan Mantri Kisan Maandhan Yojana is a pension scheme 2023 launched by the Government of India for small and marginal farmers in the country. The scheme was announced by the Prime Minister of India in his budget speech of 2019 and aims to provide financial security to farmers in their old age.- The Pradhan Mantri Kisan Maandhan Yojana is available to all farmers between the age of 18 to 40 years, who own cultivable land up to 2 hectares. The scheme is voluntary and the farmers can enroll by filling out the application form at the Common Service Centres (CSCs) or designated banks. The farmers can also pay their contributions through Kisan Credit Card (KCC) or online transfer. The scheme is also linked with Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, which will ensure that the benefit reaches the intended person.
- The introduction of the PM-KMY is an important step towards addressing the needs of small and marginal farmers, who are among the most vulnerable groups in India and providing them a secure future. Hence, this article helps you cover everything about this scheme.
- Pradhan Mantri Kisan Maandhan Yojana is a pension scheme launched by the Government of India for small and marginal farmers in India. The scheme aims to provide financial security to farmers in their old age. Under the scheme, eligible farmers can enroll and make regular contributions to a pension fund, starting at a minimum of ₹55 per month. The government also provides a matching contribution of the same amount. Upon reaching the age of 60, enrolled farmers will receive a fixed monthly pension to help them during their old age. The scheme is intended to support farmers and provide them with a regular income during their retirement years. The scheme was launched in 2019 and is still in effect.
The premium amount will be paid by the Haryana government
- As you are all aware, a premium must be paid in order to participate in the Pradhan Mantri Kisan Maandhan Yojana. The Haryana government would cover the premium for all farmers in that state with yearly incomes under ₹ 1.80 lakhs. The Indian government launched the Pradhan Mantri Maandhan Yojana in 2019. Through this program, farmers are given social security. Farmers must be between the ages of 18 and 40 in order to get the benefits of the Kisan Maandhan Yojana. After 60 years, a monthly pension of ₹ 3,000 is offered to farmers through this scheme.
- The Haryana government has identified the count of farmers for whom the premium amount will be paid by the government. These farmers were verified using their family identity cards. All farmers have been urged to register on this portal as soon as possible by the Agriculture Department. In this regard, the Agriculture Department personnel has also gotten in touch with the farmers. The premium sum will first be taken out of the farmer’s account upon registration. This sum will eventually be redeposited into the farmer’s account. The premium money will be deposited by the Haryana government through Chief Minister Parivar Samriddhi
Pradhanmantri Kisan Maandhan Yojana 2023 Payment of premium
The Kisan Pension Yojana applicants would also need to make a monthly premium payment. Beneficiaries under the age of 18 would be required to pay a monthly premium of Rs. 55, while beneficiaries above the age of 40 will be required to pay a monthly premium of Rs. 200. Once they turn 60, it is the only time they will be eligible to benefit from this arrangement. The beneficiary of the PM Kisan Maandhan Yojana 2023 must have a bank account that is linked to their Aadhaar card. The beneficiary’s bank account will receive a direct deposit of the money provided as part of this scheme.
PM Kisan Maandhan Yojana Highlights
| Scheme Name | Pradhan Mantri Shram Yogi Kisan Maandhan Yojana |
| When did it start | 31 May 2019 |
| Who started | Narendra Modi |
| Pradhan Mantri Shram Yogi Maandhan Yojana Official Website |
https://pmkmy.gov.in/ |
| Under which ministry? | Ministry of Agriculture and Farmer Welfare |
| Beneficiary | Indian farmers (less than 2 hectares of land) |
| Joining Age | 18 to 40 years |
| Toll Free / Helpline numbers | 1800 267 6888 |
| Application | Online |
The objective of Pradhan Mantri Kisan Maandhan Yojana 2024
The major goal of this scheme is to address the financial needs of the country’s small and marginal farmers in their later years by providing them with a monthly pension of Rs. 3000 after they turn 60. The Pradhan Mantri Kisan Maandhan Yojana 2023 aims to empower landless farmers and make all farmers in the nation self-sufficient in their old age. To promote and empower the farmers of the green country, to offer social security to farmers under the PM Kisan Maandhan Yojana, to safeguard their future, and to do all of the aforementioned.
Who may not be eligible for this scheme
- Should be protected by any additional social security schemes, such as the National Pension System (NPS), the Employees’ State Insurance Corporation Program, the Employees’ Fund Organization Program, etc (SMF).
- Farmers were chosen for the Pradhan Mantri Shram Yogi Yojana and Pradhan Mantri Vaya Vandana Yojana by the Ministry of Labor and Employment.
- In addition, recipients of high economic status will not be permitted to receive benefits under the program,
- Holders of Institutional Land
- Bearers of constitutional positions both past and present
- Former and current ministers and secretaries of state, members of the Lok Sabha, Rajya Sabha, state legislatures, and state legislative councils, as well as past and present mayors of municipal corporations and district panchayat chairs.
- All current or former officers of Central/State Government Ministries/Offices/Departments and their field units, Central/State PSUs and associated offices/regular employees (excluding Multi Tasking Staff/Class I), as well as personnel of Local Bodies. IV/Group D Workers.
- All individuals who paid income tax during the prior assessment year. A number of professionals, including doctors, engineers, lawyers, chartered accountant, and architects, were registered with professional organizations and engaged in active practice.
Key Facts of Kisan Maandhan Yojana
- Eligibility: The scheme is open to all small and marginal farmers who have cultivable land up to 2 hectares.
- Age Limit: Farmers between the age of 18 and 40 years are eligible to enroll in the scheme.
- Pension Amount: The scheme provides a minimum fixed pension of Rs.3,000 per month, to the farmer on attaining the age of 60 years.
- Contribution: The farmer is required to contribute a minimum of Rs.55 to Rs.200 per month, depending on their age at the time of enrollment.
- Beneficiary: The pension will be paid to the farmer or his spouse, and in case of the demise of both, the pension will be paid to the nominee.
- Enrollment: Enrollment for the scheme can be done through the Common Service Center (CSC) and can be done online.
- Implementation: The scheme is implemented by the Ministry of Agriculture and Farmers Welfare and will be implemented by the Life Insurance Corporation of India (LIC).
Benefits of Leaving the Pension Plan
- Only the contribution made by the candidate and interest due at the savings bank rate will be reimbursed if an eligible subscriber leaves the scheme during a period of fewer than ten years from the date of their joining.
- The amount of the eligible subscriber’s contribution will be repaid along with it if the candidate leaves the scheme after a period of 10 years or more has passed since the date of their enrollment but before they turn sixty. This is because they have really accrued interest during that time. earned at the higher of interest rates offered by the Pension Fund or the Savings Bank.
- The spouse of an eligible subscriber who made monthly contributions and died for any reason has the right to continue the program for the payment of regular contributions, as appropriate, or with accrued interest, as appropriate. Exits by receiving the subscriber’s portion of the contribution as it was really received by the pension fund, or at the higher of the savings bank interest rate or the exit price.
- The corporation will be credited back to the Fund following the demise of the subscriber and their spouse.
Documents of Kisan Pension Yojana 2024
Small and marginal farmers of the country will be considered eligible under this scheme.
- Cultivable land of 2 hectares or less is a must.
- Applicant’s age should range between 18 to 40 years.
- Aadhar Card
- Identity card
- Age certificate
- I Certificate
- Khasra Khatauni of the field
- Bank account passbook
- Mobile number
- Passport size photo
How to apply for PM Kisan Maandhan Yojana 2023
Follow the instructions below to apply for the Kisan Maandhan Yojana 2023 on behalf of the nation’s small- and marginal farmer recipients in order to get the benefits.
- Step 1: The application must first transport all of the required documentation to the closest public service facility (CSC).
- Step 2: Following that, VLE must get all of your paperwork and receive payment from Village Level Entrepreneur (VLE).
- Step 3: The VLE will now link your Aadhaar card to your application form and fill out your personal and banking information. The subsequent automatic calculation of the monthly contribution will take the subscriber’s age into account.
- Step 4: The subscriber will print and sign the auto-debit mandate and enrollment form. The same will thereafter be scanned and uploaded by VLE. Then the Kisan Card will be printed along with the Kisan Pension Khata Number.
Pradhan Mantri Kisan Maandhan Yojana login process
- Step 1: Visit the Kisan Maandhan Yojana official website as the first step to begin the process.
- Step 2: Your current screen will now display the homepage.
- Step 3: Select the Sign in option on the homepage.
- Step 4: The following options will then become available to you.
- Csc VLE
- Self-enrollment
- Step 4: Select the option that best fits your requirement.
- Step 5: Now, a new page will be displayed.
- Step 6: Enter your mobile number, username or email address, password, captcha code, etc. on this page wherever required.
- Step 7: Then, select the Sign In option.
- Step 8: Finally, you will be Signed In through this procedure.
Self-registration: How to Register
- Step 1: First, the applicant should go to the Pradhan Mantri Kisan Maandhan Yojana’s official website.
https://www.india.gov.in/website-pradhan-mantri-kisaan-maan-dhan-yojana
- Step 2: Now, the login screen will be displayed in front of you, where you have to log in.
- Step 3: In this step, the applicant should provide the phone number for the registration to be associated with that number. Add all other requested information, such as Name, Address, Mobile Number, Captcha Code, etc., before clicking on Generate OTP.
- Step 4: Now, an OTP will be sent to your registered mobile number, which you must enter in the blank area. Then you’ll see an application form in front of you.
- Step 5: Fill out this form completely, including all personal and financial information, before submitting it.
- Step 6: Finally, take a printout of the application form after submitting it and keep it for your records.
Entry Age-Specific Monthly Contribution
| Entry Age (years) (A) | Superannuation Age (B) | Member’s monthly contribution (Rs.) (c) | A monthly contribution of Central Govt. (Rs.) (D) | Total Monthly Contribution (Rs.) (Total: C + D) |
| 18 | 60 | 55.00 | 55.00 | 110.00 |
| 19 | 60 | 58.00 | 58.00 | 116.00 |
| 20 | 60 | 61.00 | 61.00 | 122.00 |
| 21 | 60 | 64.00 | 64.00 | 128.00 |
| 22 | 60 | 68.00 | 68.00 | 136.00 |
| 23 | 60 | 72.00 | 72.00 | 144.00 |
| 24 | 60 | 76.00 | 76.00 | 152.00 |
| 25 | 60 | 80.00 | 80.00 | 160.00 |
| 26 | 60 | 85.00 | 85.00 | 170.00 |
| 27 | 60 | 90.00 | 90.00 | 180.00 |
| 28 | 60 | 95.00 | 95.00 | 190.00 |
| 29 | 60 | 100.00 | 100.00 | 200.00 |
| 30 | 60 | 105.00 | 105.00 | 210.00 |
| 31 | 60 | 110.00 | 110.00 | 220.00 |
| 32 | 60 | 120.00 | 120.00 | 240.00 |
| 33 | 60 | 130.00 | 130.00 | 260.00 |
| 34 | 60 | 140.00 | 140.00 | 280.00 |
| 35 | 60 | 150.00 | 150.00 | 300.00 |
| 36 | 60 | 160.00 | 160.00 | 320.00 |
| 37 | 60 | 170.00 | 170.00 | 340.00 |
| 38 | 60 | 180.00 | 180.00 | 360.00 |
| 39 | 60 | 190.00 | 190.00 | 380.00 |
| 40 | 60 | 200.00 | 200.00 | 400.00 |
FAQs on Pradhan Mantri Kisan Maandhan Yojana
Who is eligible to get the benefits of the Pradhan Mantri Kisan Maandhan Yojana?
All Small and Marginal Farmers who fall within the age range of 18 to 40 years and have cultivable land holdings of up to 2 hectares and also, listed in the land records of States/UTs as of 01.08.2019 are eligible to receive benefits under the Scheme.
What will happen if the beneficiary gives incorrect declaration to be an eligible subscriber of the scheme?
In the occurrence of an inaccurate declaration, the beneficiary is required to return his contributions in full, interest-free. The matching payment from the Central Government will come to an end.
Who will act as Pension Fund Manager for the scheme?
The Life Insurance Corporation of India (LIC) will manage the pension funds and be in charge of paying out pensions.
Will any individual farmer owing more than 2 hectares of cultivable land get any benefit under this scheme?
No, any individual farmer who owns more than 2 hectares of agricultural land is unable to get benefits from the scheme.
How the subscriber under this scheme will be identified and shortlisted under the scheme?
The eligible SMF will be determined using the current land ownership systems and records of land in various States and UTs, subject to exclusion conditions.
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