PM Kisan Mandhan Yojana is a pension scheme implemented by the Government of India under the Ministry of Agriculture and Farmer Welfare on September 12, 2019. The scheme aims to provide social security to small & marginal farmers.
It offers a monthly pension of Rs. 3000 to farmers who contribute regularly. It helps the Kisan to improve their economic stability and quality of life after the age of 60.
PM Kisan Mandhan Yojana
| Name of the scheme | PM Kisan Mandhan Yojana (PM-KMY) |
| Launch Date | September 12, 2019 |
| Launched By | Government of India |
| Name of Ministry | Ministry of Agriculture and Farmer Welfare |
| Pension Amount | Rs. 3000/- monthly after 60 years of age |
| Beneficiaries | Small & Marginal Farmers |
| Age criteria | 18 – 40 years |
| Motto of the scheme | To provide financial support to the small & marginal farmers after the age of 60. |
| Official Website | maandhan.in |
Key Elements of PM Kisan Mandhan Yojana
The key elements of PM Kisan Mandhan Yojana are as follows:
- Age limit & monthly contribution:
Individuals aged 18 – 40 can be a part of the scheme. They must contribute Rs. 55 to 200 per month. - Assured Monthly Pension:
Once you turn 60, you will receive a guaranteed pension of Rs. 3000/- per month, helping you manage your expenses after retirement. - Voluntary Participation & Regular Contribution:
Participation is by choice, and members need to contribute regularly. - Pension benefits for spouse:
If the farmer passes away after turning 60, the spouse will receive 50% of the pension amount. - Return of Pension Fund:
If both the farmer and spouse pass away, the total pension amount contributed to the fund will be returned to the nominee. - Restricted Eligibility:
Only the spouse can receive the family pension. Children, parents & other relatives are not eligible.
Documents required for PM Kisan Mandhan Yojana
- Recent Passport Photograph.
- Contact details.
- Identity Proof (Aadhar card/voter card/ration card/driving licence)
- Savings bank account passbook.
- Address Proof (Aadhar card/ voter card/ Pan card/ driving licence)
- Age proof.
Benefits of PM Kisan Mandhan Yojana
- Assured monthly pension of Rs. 3000/-
- Investment for the long run.
- Family pension is provided after the spouse’s death.
- An optional, contribution-based scheme.
Eligibility of PM Kisan Mandhan Yojana
- Applicants must be Indian citizens.
- Age should be between 18 and 40 years.
- Applicants should not be income taxpayers.
- Applicants must be small and marginal farmers.
- Should have cultivable land up to 2 hectares as per the land record.
- Must possess a valid savings bank account.
- Must not be covered under any social security or pension scheme
How to apply for PM Kisan Mandhan Yojana
If you want to apply for the PM-KMY Scheme, follow the steps below:
- Candidates must visit the nearest CSC Centre to enrol under the scheme.
- You need to carry all the required documents, such as an Aadhar card, a savings bank account, and a contact number.
- Fill out the online application form through the PMKMY Portal with the help of village-level entrepreneurs.
- Here, you need to select your monthly contribution.
- The first premium will be made at registration. After that, the premium amount will be auto-debited from your bank account every month.
- On successful registration, you will get an acknowledgement slip with your unique pension ID.