Pradhan Mantri Kisan Maandhan Yojana

About This Scheme

"Pradhan Mantri Kisan Maandhan Yojana" by the Department of Agriculture & Farmers Welfare, Government of India is a government scheme meant for old age protection and social security of Small and Marginal Farmers (SMF). All Small and Marginal Farmers having cultivable landholding up to 2 hectares falling in the age group of 18 to 40 years, whose names appear in the land records of States/UTs as on 01.08.2019, are eligible to get benefits under the scheme. Under this scheme, the farmers would receive a minimum assured pension of ₹,3000/- per month after attaining the age of 60 years and if the farmer dies, the spouse of the farmer shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to the spouse.

Eligibility

1. The applicant should be a Small or Marginal Farmer. 1. The applicant should have cultivable landholding up to 2 hectares as per State or Union Territory land records. 1. The applicant should be between 18 and 40 years of age at the time of entry. 1. The applicant’s name should appear in land records as on 01.08.2019. 1. The applicant should possess an Aadhaar card. 1. The applicant should have a savings bank account or PM-KISAN account.

Benefits

- Monthly Pension Benefit: - The subscriber will receive a minimum assured pension of ₹ 3,000/- per month after attaining the age of 60 years. - Family Pension Benefit: - In case of death of the subscriber, the spouse will receive 50% of the pension amount as family pension. - Family pension is applicable only to the spouse. - Government Matching Contribution: - The Government of India will contribute an amount equal to the subscriber’s monthly contribution to the pension fund. - Disablement Benefit: - If the subscriber becomes permanently disabled before the age of 60 years, the spouse can continue the scheme by paying contributions or exit by receiving the subscriber’s contribution with interest. - Exit Benefits: - If the subscriber exits within 10 years, only the subscriber’s contribution will be refunded with savings bank interest. - If the subscriber exits after 10 years but before 60 years, the subscriber’s contribution will be refunded with accumulated interest or savings bank interest, whichever is higher. - If the subscriber dies before 60 years, the spouse can continue the scheme or exit with a refund of the subscriber’s contribution with interest. - After the death of both subscriber and spouse, the corpus will be credited back to the pension fund.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.