Pradhan Mantri Kisan Maan Dhan Yojana: Food donors will get Rs 36,000. Here is the complete information about this.
Pradhan Mantri Kisan Maan Dhan Yojana: Usually, those who are engaged in formal professions and jobs get pension after retirement. But, what if the farmers who work hard on the farm rely on the crop? Doesn’t he also need a pension? Realizing this, the central government has introduced the Pradhan Mantri Kisan Maan Dhan Yojana to provide pension benefits to the backbone of the country. Pradhan Mantri Kisan Maan Dhan Yojana or PM KMY Yojana also aims to provide a social safety net through pension to small and marginal farmers. So what is Pradhan Mantri Kisan Maan Dhan Yojana? How much pension will be available to farmers from this? Let’s know how to get a pension.
What is Pradhan Mantri Kisan Maan Dhan Yojana?
Pradhan Mantri Kisan Maan Dhan Yojana is a government-backed pension scheme designed to support small and marginal farmers in India. Under this pension scheme, eligible farmers will get a monthly pension after reaching the age of 60. This scheme also provides a voluntary and contributory pension system. Where farmers contribute a small amount every month. The government contributes equally till they reach the age of pension. Once enrolled, farmers will get a pension of Rs 3,000 per month. This initiative will help the farmers maintain financial independence after retirement, providing them with a stable income to meet their essential needs.
What are the features of Kisan Maan Dhan Yojana?
The PMKMY scheme also provides several beneficial features aimed at ensuring the financial well-being of farmers. This scheme is also a voluntary scheme. This means that farmers can choose to enroll as per their convenience. The government matches the contributions made by the farmers. This doubles their savings over time. Thirdly, this scheme ensures a fixed pension of Rs 3,000 per month to the farmer after he attains the age of 60. Additionally, this scheme covers small and marginal farmers with cultivable land up to 2 hectares (about 5 acres).
What are the benefits of Kisan Maan Dhan Yojana?
It offers four major benefits to small and marginal farmers:
• It provides a financial safety net in old age. It ensures that farmers get a monthly pension of Rs 3,000.
• This scheme is also very affordable, with monthly contributions starting from a minimum of ₹55, depending on the age of the farmer at the time of enrolment.
• This scheme also promotes financial independence among farmers. It helps farmers avoid dependence on others after they stop working.
• If a farmer dies before the age of 60, the spouse is also eligible to continue contributing to the scheme and get a reduced pension.
What are the eligibility criteria for Pradhan Mantri Kisan Maan Dhan Yojana?
• The eligibility criteria for Pradhan Mantri Kisan Maan Dhan Yojana are designed to include small and marginal farmers across India.
• To be eligible, farmers must have cultivable land up to 2 hectares.
They should be between the ages of 18 and 40 at the time of registration.
• To complete the registration process, farmers should also have a savings bank account and an Aadhaar card.
• The scheme is open to all eligible farmers, ensuring that a large section of India’s farming community benefits from this initiative.
• The registration process for the Pradhan Mantri Maan Dhan Yojana is straightforward, making it easy for eligible farmers to join.
How to register for Kisan Maan Dhan Yojana?
Registering for the PMKMY scheme is simple and farmers can complete the process online and at Common Service Centres. Visit the Pradhan Mantri Kisan Maan Dhan Yojana portal or www.pmkmy.gov.in.
• Select “Self Enrolment” appearing on the homepage: Select this option to register yourself.
• You will receive an OTP (One-Time Password) on your registered mobile number for verification.
• After mobile verification, enter these details and proceed by clicking “Continue”.
Select “Pradhan Mantri Kisan Maan-Dhan Yojana” from the available options.
Fill in your Aadhaar number and agree to the terms and conditions.
• Complete the online form: Fill in all the required details, such as: Name, Date of Birth, Gender, Mobile Number, Email ID, State, District, Tehsil/Block, Village, Farmer Category etc.
• Enter your bank IFSC code, bank account number.
• Fill in the marital status, spouse and nominee details. If applicable, provide this information.
• Choose your preferred mode of monthly contributions (monthly, quarterly, half-yearly or annual).
Agree to the terms and conditions and submit your application.
• After verifying the information, you can print a copy of the application form for your records.
How to register for the Pradhan Mantri Kisan Maan Dhan Yojana through Common Service Centre?
• As an alternative to online, farmers can visit the nearest Common Service Centre (CSC) with their Aadhaar card, land records and bank account details.
• Ensure that the required documents like Aadhaar and bank passbooks are submitted during the registration process.
• After verification, farmers will receive a PMKMY card. This indicates successful enrolment and provides proof of registration.
How to make monthly contributions to the PMKMY scheme?
• After successful registration, the contributors make monthly contributions. This is automatically deducted from their bank accounts.
• Monthly contributions range from Rs. 55 to Rs. 200, depending on the age of the contributor.
• For example, if an 18-year-old donates Rs. 55 per month, a 40-year-old donates Rs. 200 per month.
• The government donates an equal amount every month.
• Donations continue until the donor turns 60 years old.
Are there any benefits if one leaves the Pradhan Mantri Kisan Maan Dhan Yojana?
• If one leaves before the age of 60 years, the contribution and interest (at savings account rate) will be refunded.
• In case of death, the spouse can also continue and withdraw the benefits of the scheme.
• If both die, the fund reverts to the pension fund.
• Flexibility ensures that the breadwinners do not lose their savings.
Documents required at the time of registration for Pradhan Mantri Kisan Maan Dhan Yojana.
• Name and date of birth of the farmer/spouse
• Bank account number
• IFSC/ MICR code
• Mobile number
• Aadhaar number
Features of Pradhan Mantri Kisan Maan Dhan Yojana.
• Name of the Scheme – Pradhan Mantri Kisan Maan Dhan Yojana (PM KMY)
• Objective – To provide pension facility to small and marginal farmers after retirement.
• Pension amount – Rs. 3,000 per month. (60 years and above)
• Type of scheme – Voluntary, contributory pension scheme.
• Age of eligible farmers – 18 to 40 years.
• Land limit – Maximum 2 hectares (about 5 acres) of agricultural land should be owned.
• Monthly contribution amount – Rs. 55 to Rs. 200 (fixed on the basis of age)
• Government contribution – Funding is provided in the form of matching contribution of the food donors.
• Registration method – Online (www.pmkmy.gov.in) or through the nearest Common Service Centre (CSC).
