Pradhan Mantri Kisan Maandhan Yojana

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Pradhan Mantri Kisan Maandhan Yojana:

Indian Government has introduced Pradhan Mantri Kisan Maandhan Yojana to provide retirement benefits as well as financial protection to the elderly farmers and also provide social security to Small as well as Marginal Farmers.


  • The Pradhan Mantri Kisan Maan-Dhan Yojana was launched to give social security to all landholding Small and Marginal Farmers across the country.

  • These farmers have little or no savings and will have no source of income when they retire.

  • The scheme's goal is to assist them to enjoy a healthy and happy life after they retire.

  • All qualified small and marginal farmers will receive a fixed pension of Rs.3,000/- under this scheme.

  • It is a purely voluntary and contribution-based pension plan.  

  • Farmers will get pensions from a Pension Fund maintained by the Life Insurance Corporation of India.

  • Farmers will be required to contribute between Rs.55 and Rs.200 each month to the Pension Fund until they reach the retirement age of 60 years.

  • The Central Government will also contribute the equivalent amount to the pension fund.

  • Farmers must be at least 18 years old and no older than 40 years old to participate in the plan.

  • Spouses of Small and Marginal Farmers are also entitled to join the scheme on their own and would receive a separate pension of Rs.3000/ when they reach the age of 60.

  • Farmers who have joined the scheme may depart at any time if they do not want to continue for whatever reason. Their contributions to the Pension Fund, along with interest, will be refunded to them.

  • If the farmer dies before the retirement date, the spouse may continue in the programme by paying the remaining payments until the deceased farmer's remaining age.

  • If the farmer dies before the retirement date and the spouse does not choose to continue, the total contribution made by the farmer, plus interest, will be paid to the spouse. 

  • If the farmer dies before the retirement date and there is no spouse, the complete contribution, plus interest, will be paid to the nominee.

  • If the farmer dies after his or her retirement date, the spouse would receive half of the pension, or Rs.1500 per month, as a Family Pension.

  • If the farmer is a recipient of the PM-KISAN Scheme, he or she may allow the contribution to be paid directly from the same bank account from which the PM-Kisan benefit is received.

  • Eligible farmers who want to participate in the scheme can go to their nearest Common Service Centre (CSC) with their Aadhaar number and bank passbook or account data.

  • Later, alternate enrollment options, such as through the PM-Kisan State Nodal Officers or any other ways, as well as online enrolment, will be made available.

  • Enrollment in the system is free of charge, and farmers are not required to pay anything at the CSC Centres.


On September 12, 2019, the government introduced the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) with the goal of providing social security to Small and Marginal Farmers in their old age when they have no sources of livelihood and little or no savings to cover their costs.


On reaching the age of 60, small and marginal farmers are entitled to a minimum fixed pension of Rs.3,000/-, subject to specific exclusion criteria. It is a pension plan that is both voluntary and contributory. The qualifying farmer must contribute to a Pension Fund in the range of Rs.55 to Rs.200 per month, depending on his or her entering age. The Central Government also makes equal contributions to the Pension Fund.


Farmers who are not eligible for the scheme:

Farmers in the following categories have been included in the exclusion criteria:

  • SMFs are covered by any other statutorily mandated social security schemes, such as the National Pension Plan (NPS), the Employees' State Insurance Corporation scheme, the Employees' Fund Organization Scheme, and so forth.

  • Farmers who have chosen to participate in the Pradhan Mantri Shram Yogi Maan Dhan Yojana (PM-SYM) run by the Ministry of Labour and Employment

  • Farmers who have chosen the Pradhan Mantri Laghu Vyapari Maan-Dhan Yojana (PM-LVM), which is administered by the Ministry of Labour and Employment,


Furthermore, the following categories of higher-income beneficiaries will be ineligible for benefits under the scheme:

  • All institutional landowners, as well as former and current constitutional officeholders

  • Former and current Ministers/State Ministers, former and current Members of Lok Sabha / Rajya Sabha / State Legislative Assemblies / State Legislative Councils, former and present Mayors of Municipal Corporations, former and present District Panchayat Chairpersons

  • All the officers as well as employees who are serving or have retired from any of the Central or State Government Ministries or Offices or Departments, Central or State PSEs and Attached offices/Autonomous Institutions functioning under Government as well as regular employees of Local companies (Excluding Multi Tasking Staff / Class IV/Group D employees)

  • Professionals such as Doctors, Engineers, Lawyers, Chartered Accountants, and Architects who are registered with professional organisations and practise their profession.

How to apply:

  • Enrollment in the Scheme can be accomplished through self-registration online or through Common Service Centres located throughout the states. Enrollment is free of charge.

  • For self-enrollment via online registration, farmers can visit their local Common Service Centres (CSCs) for registration. The government will bear the Rs.30/- enrollment fee levied by the Common Service Centres.

  • Visit the PM-KMY portal for further information.



The aforementioned data is only for informational purposes fetched from credible sources.

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