Pradhan Mantri Kisan Mandhan Yojana - Rs 3000 Monthly Pension For Farmers

On September 12, 2019, the Prime Minister inaugurated the Pradhan Mantri Kisan Mandhan Yojana Pension Scheme aimed at social security along with the savings of 5 crore small and marginal farmers.

Nov 15, 2023 - 18:00
Nov 15, 2023 - 15:42
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Pradhan Mantri Kisan Mandhan Yojana - Rs 3000 Monthly Pension For Farmers
Pradhan Mantri Kisan Mandhan Yojana

Pradhan Mantri Kisan Mandhan Yojana is a central scheme where farmers get a pension of Rs 3000 per month. Pradhan Mantri Kisan Mandhan Yojana is a pension scheme launched by the central government for small and marginal farmers. 3000 per month pension from 60 years onwards.

On September 12, 2019, the Prime Minister inaugurated this pension scheme aimed at social security along with the savings of 5 crore small and marginal farmers. Those between the ages of 18 to 40 years and owning up to two hectares of land can join the scheme. Those who join at the age of 18 should deposit Rs 55 per month till the age of 60. Those who have completed 40 years should pay Rs.200. The central government will also pay the same amount. The central government is spending Rs 10774.50 crore for the next 3 years.



Pradhan Mantri Kisan Mandhan Yojana - Amount to be invested as per age

Age Amount
18 55
19 58
20 61
21 64
22 68
23 72
24 76
25 80
26 85
27 90
28 95
29 100
30 105
31 110
32 120
33 130
34 140
35 150
36 160
37 170
38 180
39 190
40 200



Eligibility Criteria

  • Land should not exceed 2 hectares.
  • 18-40 years
  • EPF, ESI, NPS Those included in and paying income tax are exempted.


Necessary Documents

  • Aadhaar
  • SB /Jan Dhan Account Pass Book
  • Mobile number
  • Tax-paid receipt



How to Apply

To join the Pradhan Mantri Kisan Mandhan Yojana Pension Scheme, get the CSC (Common Service Center) form approved by the Central Government. The documents will be verified and the form will be filled out at CSC. Records will be updated online. OTP will come on mobile. If you give it, you will get a pension number. The first installment must be paid in cash. Later, the bank account will be debited every month. This form should be submitted to the bank. Then you have to submit the auto debit form to the bank. With this, you will get a pension scheme card. Pradhan Mantri Kisan Mandhan Yojana Login



Things To Know

  • You will get a pension of Rs. 3,000 from the age of 60.
  • If you die before the age of 60, your partner can continue in the pension scheme. If your partner is not interested, you will get back the amount paid along with interest. If you have no partner, the amount will go to the nominee.
  • If you die after receiving the pension, your partner will get a family pension of 50% (Rs. 1,500).
  • If you withdraw from the scheme within 10 years of starting the payment, you will get back the amount paid. If you withdraw after 10 years, you will get back the amount paid along with interest.
  • If you fall behind in the payment, you can continue paying the amount along with a fixed interest.
  • A high-level committee of secretaries will be there to monitor, review, and amend the Pradhan Mantri Kisan Mandhan Yojana pension scheme for the betterment of farmers. This scheme is beneficial for the growth of the farmer in India.



Conclusion

The scheme is open to all Indian farmers who are between the ages of 18 and 40 and have a land holding of up to 2 hectares. The monthly premium for the scheme is calculated on the basis of the age of the farmer. For example, a farmer who joins the scheme at the age of 18 will have to pay a monthly premium of Rs. 55. A farmer who joins the scheme at the age of 40 will have to pay a monthly premium of Rs. 200. The scheme is funded by the Government of India and the Life Insurance Corporation of India. The Pradhan Mantri Kisan Mandhan Yojana is a significant step towards providing social security to farmers in India. The scheme will help to ensure that farmers have a steady income after they retire.

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Nidheesh C V I am Nidheesh C V from Wayanad - Kerala. I would like to create blogs and posts. Content Creator and Content Writer.