What is Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY)?

PMKMY is a government pension scheme designed to provide social security to small and marginal farmers in India by offering a fixed monthly pension after the age of 60.

What are the key features of PMKMY?

Key features include a fixed pension of Rs. 3,000 per month, voluntary and contributory participation, age-based contribution, and provision for spouse continuation or withdrawal with interest in case of the farmer's death.

Who is eligible for PMKMY?

Farmers aged 18-40 years, owning cultivable land up to two hectares, with a monthly income up to Rs. 15,000, and not covered under other schemes or an income taxpayer, are eligible.

How is the monthly contribution for PMKMY calculated?

The contribution amount ranges from Rs. 55 to Rs. 200 per month, depending on the farmer's age at the time of joining. Contributions continue until the age of 60, with the government matching the amount.

What benefits does PMKMY provide to farmers?

PMKMY offers financial security and stability, encourages saving habits, and reduces the financial burden during old age.

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The PM Kisan Maan Dhan Yojana Complete Guide 2025

Neha Gupta

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Updated: 01-05-2025 at 12:30 PM

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Pradhan Mantri Kisan Maan Dhan Yojna (PMKMY) Scheme aims to give pensions to Small and Marginal Farmers (SMF) in the country to provide social security. The govt scheme has been effective from 9th August 2019. Let’s understand the scheme and how it empowers the farmers of India.

What Is PM Kisan Maan Dhan Yojana?

The Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY) was introduced by the government of India to provide a gov pension scheme to small and marginal farmers. It was introduced by the Life Insurance Corporation of India (LIC) to provide social security to help farmers all across India during their old age.

The main objective of PMKMY is to provide social security to farmers with minimal or no savings for old age.

What Are The Features Of PMKMY?

Provides a fixed pension of Rs. 3,000 per month to farmers after the age of 60.
It is a voluntary and contributory pension scheme.
The contribution depends on the age of the farmer when joining the scheme.
To exit the scheme due to death, either the spouse can continue the scheme or receive the amount with interest.

Benefits Given To Farmers Under PMKMY

Provides financial security and stability.
Encourages saving habits.
Reduces the financial burden.

Eligibility Criteria to Avail This Govt Schemes For Farmers

Between the ages of 18 and 40 years.
Must own cultivable land up to two hectares.
Must not be covered under any other schemes.
Must not be an income taxpayer.
Should be an unorganised worker.
Monthly income should come up to Rs 15,000.

How Is The Monthly Contribution Calculated?

The farmer has to give a mandatory monthly contribution under PMKMY.

Any amount between Rs. 55 and Rs. 200 every month.
Should make monthly payments till age 60.
An equal amount will be matched while receiving the pension fund.

How To Apply For PMKMY?

Registration Process

Visit the nearest Common Service Centre (CSC).
Provide necessary documents.
Get bank account details and allow an auto-debit mandate for monthly contributions.
Verify documents through OTP.
Sign the enrollment form.
A pension card will be generated.
Sign the enrollment-cum-auto-debit-mandate form.

Conclusion

Overall, PMKMY aims to improve the livelihood of farmers all around India by ensuring a steady income post-retirement. It is a significant step taken by the government towards supporting the small and marginal farmers in India.

To read about the PMKMY guidelines in detail, click https://www.pmkisan.gov.in/Documents/PM-KMY

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