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The PM Kisan Maan Dhan Yojana Helping Unorganised Workers In India

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by Jaagruk Bharat

9 July 2024

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Farmer

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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 while 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

  1. Visit the nearest Common Service Centre (CSC).

  2. Provide necessary documents.

  3. Get bank account details and allow auto-debit mandate for monthly contributions.

  4. Verify documents through OTP.

  5. Sign the enrollment form.

  6. A pension card will be generated.

  7. 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 [here](https://www.pmkisan.gov.in/Documents/PM-KMY - Operational Guidelines.pdf).

Frequently Asked Questions

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Jaagruk Bharat with its team work tirelessly to bring all government schemes, Sarkari Yojanas, policies and guidelines to you in a simplified and structured format.
Our team is at the forefront of gathering, verifying and breaking all central government and state government regulations uncomplicatedly.

Our mission and vision are to make the common citizen of India aware of all government-laid-out rules and policies in a single place. Thus, we Jagruk Bharat have created an all-inclusive portal for 1.5 billion Indian citizens to understand, utilize and avail benefits of govt schemes and policies and by bringing them under one roof.

Jaagruk Bharat (जागरूक भारत) is a one stop centralised destination where you can effortlessly find, understand, and apply for various government schemes. We are committed to ensuring transparency and empowering Indian citizens. Our goal is to keep India Jagruk about government policies, the latest news, updates, and opportunities.

जागरूक भारत अपनी टीम के साथ मिलकर लगातार काम करता है ताकि सभी सरकारी योजनाओं, नीतियों और दिशानिर्देशों को सरल और व्यवस्थित तरीके से आपके सामने पेश किया जा सके। हमारी टीम केंद्रीय और राज्य सरकार के सभी नियमों और विनियमों को आसानी से इकट्ठा करने, सत्यापित करने और प्रस्तुत करने में सबसे आगे है।

हमारा मिशन और दृष्टिकोण यह है कि भारत के हर नागरिक को सभी सरकारी नियमों और नीतियों से एक ही स्थान पर अवगत कराया जाए। इसलिए, हमने जागरूक भारत के रूप में 1.5 अरब भारतीय नागरिकों के लिए एक समग्र पोर्टल तैयार किया है, जहां वे सरकारी योजनाओं और नीतियों को समझ सकें, उनका उपयोग कर सकें और लाभ उठा सकें, सभी जानकारी एक ही छत के नीचे उपलब्ध है।

जागरूक भारत (Jagruk Bharat) एक केंद्रीकृत और सुव्यवस्थित गंतव्य है, जहां आप विभिन्न सरकारी योजनाओं को आसानी से खोज, समझ, और आवेदन कर सकते हैं, जिससे पारदर्शिता सुनिश्चित होती है और भारतीय नागरिकों को सशक्त किया जाता है।
हमारा उद्देश्य है कि भारत को सरकारी नीतियों, नवीनतम समाचारों, अपडेट और अवसरों के बारे में जागरूक बनाया जाए।जागरूक भारत (Jagruk Bharat) की मदद से आपकी कठिन से कठिन समस्या का आसान समाधान होगा...

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by Jaagruk Bharat

9 July 2024

Farmer

The PM Kisan Maan Dhan Yojana Helping Unorganised Workers In India

man dhan...

unorganised sector

sarkari yojana

schemes

Views Icon

76 Views

article-img

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 while 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

  1. Visit the nearest Common Service Centre (CSC).

  2. Provide necessary documents.

  3. Get bank account details and allow auto-debit mandate for monthly contributions.

  4. Verify documents through OTP.

  5. Sign the enrollment form.

  6. A pension card will be generated.

  7. 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 [here](https://www.pmkisan.gov.in/Documents/PM-KMY - Operational Guidelines.pdf).

Frequently Asked Questions

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Jaagruk Bharat with its team work tirelessly to bring all government schemes, Sarkari Yojanas, policies and guidelines to you in a simplified and structured format.
Our team is at the forefront of gathering, verifying and breaking all central government and state government regulations uncomplicatedly.

Our mission and vision are to make the common citizen of India aware of all government-laid-out rules and policies in a single place. Thus, we Jagruk Bharat have created an all-inclusive portal for 1.5 billion Indian citizens to understand, utilize and avail benefits of govt schemes and policies and by bringing them under one roof.

Jaagruk Bharat (जागरूक भारत) is a one stop centralised destination where you can effortlessly find, understand, and apply for various government schemes. We are committed to ensuring transparency and empowering Indian citizens. Our goal is to keep India Jagruk about government policies, the latest news, updates, and opportunities.

जागरूक भारत अपनी टीम के साथ मिलकर लगातार काम करता है ताकि सभी सरकारी योजनाओं, नीतियों और दिशानिर्देशों को सरल और व्यवस्थित तरीके से आपके सामने पेश किया जा सके। हमारी टीम केंद्रीय और राज्य सरकार के सभी नियमों और विनियमों को आसानी से इकट्ठा करने, सत्यापित करने और प्रस्तुत करने में सबसे आगे है।

हमारा मिशन और दृष्टिकोण यह है कि भारत के हर नागरिक को सभी सरकारी नियमों और नीतियों से एक ही स्थान पर अवगत कराया जाए। इसलिए, हमने जागरूक भारत के रूप में 1.5 अरब भारतीय नागरिकों के लिए एक समग्र पोर्टल तैयार किया है, जहां वे सरकारी योजनाओं और नीतियों को समझ सकें, उनका उपयोग कर सकें और लाभ उठा सकें, सभी जानकारी एक ही छत के नीचे उपलब्ध है।

जागरूक भारत (Jagruk Bharat) एक केंद्रीकृत और सुव्यवस्थित गंतव्य है, जहां आप विभिन्न सरकारी योजनाओं को आसानी से खोज, समझ, और आवेदन कर सकते हैं, जिससे पारदर्शिता सुनिश्चित होती है और भारतीय नागरिकों को सशक्त किया जाता है।
हमारा उद्देश्य है कि भारत को सरकारी नीतियों, नवीनतम समाचारों, अपडेट और अवसरों के बारे में जागरूक बनाया जाए।जागरूक भारत (Jagruk Bharat) की मदद से आपकी कठिन से कठिन समस्या का आसान समाधान होगा...

अपने हक़ को अपनाओ ! जागरूक भारत पर आओ

All Copyrights are reserved by Jaagruk Bharat