Information

Government has launched the Pradhan Mantri Kisan Maan DhanYojana (PM-KMY) on 12.9.2019 with a view to provide social security to Small and Marginal Farmers in their old age when they have no means of livelihood and minimal or no savings to take care of their expenses. Under this scheme, a minimum fixed pension of Rs.3,000/- is provided to the small and marginal farmers, subject to certain exclusion criteria, on attaining the age of 60 years. It is a voluntary and contributory pension scheme. The eligible farmer is required to contribute to a Pension Fund between Rs.55 to Rs.200 per month depending on the entry age. The Central Government also contributes in equal amount to the Pension Fund.

Objectives of Schemes

1.Pradhan Mantri Kisan Maan-Dhan Yojana has been started to provide social security to all landholding Small and Marginal Farmers in the country.

2.These farmers have minimal or no savings and also do not have any source of livelihood when they reach old age.

3.The scheme aims to help them live a healthy and happy life after they reach their old age.

4.Under this scheme, a fixed pension of Rs.3,000/- will be provided to all eligible small and marginal farmers.