The Centre has introduced the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY), an old-age voluntary contribution pension scheme for all land-holding small and marginal farmers (SMFs). Small and marginal farmers in the age group of 18 and 40 years can register themselves under this scheme.
A deposit in the range of Rs 55 to Rs 200 must be paid in the government account every month. The deposit amount is calculated according to the age of the depositor. The later one registers the more premium the depositor will have to pay. These instalments must be paid till the age of 60 years after which the farmers registered under this scheme will be given Rs 3,000 as monthly payments by the government as a pension.
Steps to register for PM Kisan Maan Dhan Yojana
Step 1: Farmers need to visit the Common Service Centre to start the registration process.
Step 2: They must submit a copy of their Aadhaar card and Khasra-Khatauni.
Step 3: Along with ID, two photos and a bank passbook will also be required.
Step 4: After submitting the required documents and providing all these details the farmer’s unique pension number and pension card will be generated and given to them.
The applicant must have a savings bank Account or PM Kisan Account. There is no separate fee for registration. If the beneficiary dies due to any reason, then Rs 1500 (50 percent of pension) will be given to the beneficiary’s spouse every month.
Eligibility
As per
the scheme document, all small and marginal farmers of all states and Union Territories in the age between 18 years and 40 years, who do not fall within the purview of the exclusion criteria as mentioned in the guidelines, are eligible to register for the scheme.
The Central government is set to cover 5 crore small and marginal farmers under this scheme and the benefit of this scheme will also be given to those who own 2 hectares of arable land or less.
(Edited by : Sudarsanan Mani)
