The Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) is a government-led scheme to provide financial security to small and marginal farmers in India. Launched in 2019, the scheme has become a crucial lifeline for millions of farmers across the country. This blog post will take a detailed look at the PM-KMY, including its features, eligibility criteria, and how to enroll in the scheme.
Features of PM-KMY:
The PM-KMY provides a pension of Rs. 3000 per month to eligible farmers who are between the ages of 18 and 40 years.
The pension amount is payable from the age of 60 years, and the farmer will receive it till the end of their life.
The contribution to the pension scheme can be made through monthly, quarterly, or half-yearly donations.
The government will contribute an equal amount to the pension fund on behalf of the farmer.
The scheme is open to all small and marginal farmers, regardless of their caste, religion, or gender
Eligibility Criteria:
- The farmer should be between the ages of 18 and 40 years.
- The farmer should have a valid Aadhaar number.
- The farmer should be small or marginal, as defined by the government.
- The farmer should have a savings bank account in any nationalized bank.
How to Enroll for PM-KMY:
The farmer can visit the nearest Common Service Centre (CSC) to enroll for the PM-KMY.
The farmer can also enroll in the scheme through the PM-KMY portal on the official government website.
The farmer will need to provide their Aadhaar number and bank details at the time of enrolment.
Once the enrolment process is complete, the farmer will be able to make contributions to the pension scheme through their savings bank account.
Conclusion:
The PM-KMY is a crucial initiative to provide financial security to small and marginal farmers in India. By offering a pension of Rs. 3000 per month, the scheme helps farmers plan for their future and ensure a stable source of income in their golden years.
The enrolment process is simple, making it accessible to farmers across the country. If you are a small or marginal farmer, we encourage you to enroll for the PM-KMY today and secure your financial future.