PM Kisan Maadhan Yojana (PM-KMY)

PM Kisan Maadhan Yojana (PM-KMY)

A voluntary and contributory pension scheme for small and marginal farmers to ensure social security after the age of 60.

Securing Your Future with PM-KMY

The Pradhan Mantri Kisan Maadhan Yojana (PM-KMY) is a government-backed pension scheme intended for old age protection and social security of Small and Marginal Farmers (SMF). It is a voluntary and contributory scheme where farmers receive a monthly pension of ₹3,000.

Key Features: - Guaranteed Pension: A minimum assured pension of ₹3,000 per month after attaining 60 years of age. - Contribution: Depending on the entry age (18 to 40 years), the monthly contribution ranges from ₹55 to ₹200. - Matching Contribution: The Central Government makes an equal contribution to the pension fund.

Eligibility: - Small and Marginal Farmers with cultivable land up to 2 hectares. - Entry age between 18 and 40 years. - Farmers should not be covered under any other statutory social security schemes.

Family Benefit: On the death of the pensioner, the spouse shall be entitled to receive 50% of the pension as a family pension, provided the spouse is not already a beneficiary.

How to Enroll: Interested farmers can visit their nearest Common Service Centre (CSC) for self-enrollment or register through the official PM-KMY portal.