The government runs a variety of profitable schemes for farmers. The Pradhan Mantri Kisan Maandhan Yojana (PMKMY) is one of these schemes. The goal of this scheme, which was created for small and marginal farmers, is to ensure the amount of pension.
Farmers receive a benefit of 36 thousand rupees per year i.e. 3 thousand rupees per month, under the scheme. Let us know the benefits of this scheme and how it can benefit the farmers.
Eligibility of PM Kisan Maandhan Yojana:
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Farmers who are of the age of 18 years and above & up to 40 years can join the scheme.
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All small and marginal farmers with cultivable land of up to 2 hectares can benefit from this scheme.
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Farmers will receive a monthly pension of 3000 rupees after reaching the age of 60 under this scheme.
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If the farmer dies before this, the farmer's wife will be entitled to receive 50% of the pension as a family pension.
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Family pension is applicable only to the spouse.
How much contribution has to be made?
Farmers will have to contribute an amount between Rs.55 to Rs.200 every month in the Pension Fund till they reach the retirement date (age of 60 years). Rs.55 has to be given at the age of 18 and Rs.200 at the age of 40. The contribution amount will also differ according to different ages.
PM Kisan Mandhan Yojana Registration Process:
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First and foremost, go to your nearest Common Service Center (CSC). If you are not a PM Kisan beneficiary, you must bring all of your documents and a certain amount has to be paid to the village level entrepreneur.
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Then he will link your Aadhar card to your application form and fill in your personal and bank details.
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Thereafter, the monthly contribution payable will be auto calculated as per the age of the subscriber.
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The Enrollment and Auto Debit Mandate Form will be printed, and you must sign it.
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Your Kisan Card will then be accessible, along with your Kisan Pension Account Number.
