Pradhan Mantri Kisan Maandhan Yojana: According to the Second Advance Estimates of National Income for the fiscal year 2022-23, released by the Ministry of Statistics & Programme Implementation (MoSPI), the distribution of Gross Value Added (GVA) in the agriculture and allied sectors within the overall economy, along with the growth rates of GVA for these sectors in the FY 2022-23 is 18.3%. This means that agriculture’s contribution is crucial to the country’s progress. This is all done by the farmers of India who do all the hard work in meeting the needs of food.
Farmers in India urgently require a pension scheme to secure their financial well-being post-retirement. A dedicated pension initiative is essential to address the economic challenges faced by farmers, providing them with a reliable source of income and ensuring a dignified life during their later years. Acknowledging that. the central government launched the Pradhan Mantri Kisan Maandhan Yojana.
What is Pradhan Mantri Kisan MaanDhan Yojana?
Pradhan Mantri Kisan Maandhan Yojana is a monthly pension scheme for the Small and Marginal Farmers of India. This scheme was launched as a social security scheme for those whose names are listed in the land records of states and Union Territories as of August 1, 2019.
Beneficiaries under this scheme are entitled to a guaranteed minimum pension of ₹3000 per month upon reaching the age of 60. In the event of the farmer’s demise, the spouse is eligible to receive 50% of the pension as a family pension, which applies exclusively to spouses.
Under the scheme, applicants aged between 18 and 40 are required to make monthly contributions ranging from ₹55 to ₹200 until they reach the age of 60. At the age of 60, applicants can claim their pension and a fixed pension amount is deposited monthly into their pension accounts, assisting them with their financial needs. Let’s talk about the scheme in detail.
| Pradhan Mantri Kisan MaanDhan Yojana 2024 Key Highlights | |
| Pradhan Mantri Kisan MaanDhan Yojana Launch Date | August 1, 2019 |
| Pradhan Mantri Kisan MaanDhan Yojana Official Wesite | PMKMY Official Website |
| Pradhan Mantri Kisan MaanDhan Yojana Objectives | To provide monthly pensions to the small and marginal farmers of India |
| Pradhan Mantri Kisan MaanDhan Yojana Beneficiary | Small and Marginal Farmers of India |
| Pradhan Mantri Kisan MaanDhan Yojana Age Limit | 18-40 Years |
| Pradhan Mantri Kisan MaanDhan Yojanav Monthly Installment | Rs 55-Rs 200 (Based on your age) |
| Pradhan Mantri Kisan MaanDhan Yojana Monthly Pension Amount | Rs 3000 Per month |
| Pradhan Mantri Kisan MaanDhan Yojana Under which Ministry | Ministry of Agriculture & Farmers Welfare |
| Pradhan Mantri Kisan MaanDhan Yojana Mode of Application | Online/Offline |
| Pradhan Mantri Kisan MaanDhan Yojana Helpline Number | 1800-3000-3468 |
Pradhan Mantri Kisan MaanDhan Yojana Benefits
Benefits to the Family on the Death of an Eligible Subscriber:
- If an eligible subscriber passes away during the pension receipt, the spouse is entitled to receive 50% of the pension as a family pension.
- The family pension applies exclusively to the spouse.
Benefits on Disablement:
- If an eligible subscriber, making regular contributions, becomes permanently disabled before reaching the age of 60 and is unable to continue contributing, the spouse can either continue the scheme by paying regular contributions or exit the scheme.
- If exiting, the spouse receives the subscriber’s contributed amount with interest, as earned by the Pension Fund or at the savings bank interest rate, whichever is higher.
Benefits on Leaving the Pension Scheme:
- If an eligible subscriber exits within ten years from joining, their contributed amount is returned with savings bank interest.
- If exiting after ten years but before reaching the age of sixty, the subscriber’s contribution with accumulated interest is returned.
- In the event of the subscriber’s death due to any cause, the spouse can continue the scheme or exit by receiving the contributed amount with accumulated interest, as earned by the Pension Fund or at the savings bank interest rate, whichever is higher.
After the death of both the subscriber and their spouse, the corpus is credited back to the fund.
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Pradhan Mantri Kisan MaanDhan Yojana Eligibility Criteria
To apply for the Pradhan Mantri Kisan Maandhan Yojana, it is a must to check the complete Pradhan Mantri Kisan Maandhan Yojana. Here are the complete PMKMY eligibility criteria.
- Entry age must be between 18 to 40 years.
- Cultivable land up to 2 hectares, as per the land records of the concerned State/UT.
- Should not be covered under any other statutory social security schemes such as the National Pension Scheme (NPS), Employees’ State Insurance Corporation scheme, Employees’ Fund Organization Scheme, etc.
- Farmers who have opted for Pradhan Mantri Shram Yogi Maandhan Yojana and Pradhan Mantri Vyapari Maandhan administered by the Ministry of Labour & Employment are not eligible.
Pradhan Mantri Kisan MaanDhan Yojana Ineligibility Criteria
- Institutional Landholders.
- Former and present holders of constitutional posts.
- Former and present Ministers/ State Ministers, former/present Members of Lok Sabha/ Rajya Sabha/ State Legislative Assemblies/ State Legislative Councils, former and present Mayors of Municipal Corporations, former and present Chairpersons of District Panchayats.
- All serving or retired officers and employees of Central/ State Government Ministries/ Offices/Departments and their field units, Central or State PSEs, and Attached offices/ Autonomous Institutions under the Government, as well as regular employees of the Local Bodies (Excluding Multi Tasking Staff / Class IV/Group D employees).
- All Persons who paid Income Tax in the last assessment year.
- Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and carrying out a profession by undertaking practice.
Pradhan Mantri Kisan MaanDhan Yojana Documents Required
You should possess
- Aadhaar card
- Savings Bank Account / PM- KISAN Account
- Self-certified form along with consent form for auto-debit facility.
Pradhan Mantri Kisan MaanDhan Yojana Monthly Installments
Through Pradhan Mantri Kisan Maandhan Yojana, you will be able to secure a monthly pension of Rs 3000. Your monthly contribution to the Pradhan Mantri Kisan Maandhan Yojana varies on what age you are applying for it. If you want to know what amount you have to make to receive the pension amount directly into your account, you can check the complete list below.
| Entry Age (Yrs) | Member’s monthly contribution (Rs) | Central Govt’s monthly contribution (Rs) | Total Amount (Rs) |
| 18 | 55.00 | 55.00 | 110.00 |
| 19 | 58.00 | 58.00 | 116.00 |
| 20 | 61.00 | 61.00 | 122.00 |
| 21 | 64.00 | 64.00 | 128.00 |
| 22 | 68.00 | 68.00 | 136.00 |
| 23 | 72.00 | 72.00 | 144.00 |
| 24 | 76.00 | 76.00 | 152.00 |
| 25 | 80.00 | 80.00 | 160.00 |
| 26 | 85.00 | 85.00 | 170.00 |
| 27 | 90.00 | 90.00 | 180.00 |
| 28 | 95.00 | 95.00 | 190.00 |
| 29 | 100.00 | 100.00 | 200.00 |
| 30 | 105.00 | 105.00 | 210.00 |
| 31 | 110.00 | 110.00 | 220.00 |
| 32 | 120.00 | 120.00 | 240.00 |
| 33 | 130.00 | 130.00 | 260.00 |
| 34 | 140.00 | 140.00 | 280.00 |
| 35 | 150.00 | 150.00 | 300.00 |
| 36 | 160.00 | 160.00 | 320.00 |
| 37 | 170.00 | 170.00 | 340.00 |
| 38 | 180.00 | 180.00 | 360.00 |
| 39 | 190.00 | 190.00 | 380.00 |
| 40 | 200.00 | 200.00 | 400.00 |
Pradhan Mantri Kisan MaanDhan Yojana Application Process
To apply for the PMKMY online, it is imperative to check the eligibility criteria and the documentation required for the same. Here is the complete step-by-step process for applying for the PMKMY online.
- Visit the nearest Common Service Centre (CSC) for online enrollment.
- Prerequisites for enrolment:
- Aadhaar Card
- Savings Bank Account Number with IFSC Code (Bank Passbook, Cheque Leave/book, or bank statement as evidence).
- Make an initial cash contribution to the Village Level Entrepreneur (VLE).
- VLE authenticates the Aadhaar number, Name, and Date of Birth.
- Complete online registration with details like Bank Account, Mobile Number, Email Address, Spouse information, and Nominee details.
- The system auto-calculates monthly contributions based on the Subscriber’s age.
- Pay the 1st subscription amount in cash to the VLE.
- Print and sign the Enrollment cum Auto Debit mandate form; VLE scans and uploads it into the system.
- Generate a unique Kisan Pension Account Number (KPAN) and print the Kisan Card.
Pradhan Mantri Kisan MaanDhan Yojana FAQs
What is Pradhan Mantri Kisan MaanDhan Yojana?
Pradhan Mantri Kisan Maandhan Yojana is a monthly pension scheme for the Small and Marginal Farmers of India. Under the scheme, applicants aged between 18 and 40 are required to make monthly contributions ranging from ₹55 to ₹200 until they reach the age of 60.
At the age of 60, applicants can claim their pension and a fixed pension amount is deposited monthly into their pension accounts, assisting them with their financial needs.
Who can apply for this scheme?
Workers between the ages of 18 and 40, engaged in informal and sporadic employment, fall into the category of unorganized labor.
This includes individuals involved in various occupations like home-based work, street vending, manual labor such as head loading, brick kiln work, cobbling, rag picking, domestic service, laundry services, rickshaw pulling, rural landless labor, self-employed individuals, agricultural laborers, construction workers, beedi (cigarette) workers, handloom workers, and leather workers.
Their monthly earnings should be below Rs 15,000, and they should not be enrolled in any mandatory social security programs such as the National Pension Scheme (NPS), Employees’ State Insurance Corporation scheme, or Employees’ Provident Fund Organization Scheme.
Additionally, they should not be liable to pay income tax.
What is the benefit of the PMKMY?
If an unorganized worker enrolls in the scheme and consistently makes contributions until reaching the age of 60, they will be entitled to a guaranteed minimum monthly pension of Rs. 3000. In the event of their demise, the surviving spouse will receive a monthly family pension equivalent to 50% of the original pension amount.
What is the age limit to apply for the Pradhan Mantri Kisan MaanDhan Yojana?
Workers between the ages of 18 and 40, engaged in small and medium farming range are eligible.
