PM Maan-Dhan Yojana: farmers will get Rs 3000 monthly in this scheme

PM Maan-Dhan Yojana: The Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) is a government pension scheme for small and marginal farmers in India. It is a voluntary and contributory program designed to provide social security and a steady income for farmers in their old age.

PM Maan-Dhan Yojana Key Features and Benefits:

Assured Monthly Pension: Upon reaching 60 years of age, enrolled farmers receive a minimum assured pension of Rs 3,000 per month.

Government Contribution: The scheme operates on a 50:50 basis. The Central Government contributes an equal amount to the pension fund as the farmer’s monthly contribution.

Voluntary and Contributory: Farmers have to make monthly contributions ranging from Rs 55 to Rs 200, depending on their entry age (18-40 years). The earlier a farmer enrolls, the lower their monthly contribution.

Family Pension: If a beneficiary dies while receiving the pension, their spouse is entitled to receive 50% of the pension (Rs 1,500 per month) as a family pension, provided the spouse is not already a beneficiary of the scheme.

Managed by LIC: The Life Insurance Corporation of India (LIC) is the pension fund manager and is responsible for the pension payout.

Easy Contribution: Farmers who are also beneficiaries of the PM-KISAN scheme can opt to have their monthly contributions auto-debited directly from the financial benefits they receive under that scheme.

Eligibility Criteria:

To be eligible for the PM-KMY, a farmer must meet the following criteria:

Small and Marginal Farmer (SMF): The farmer must own cultivable land up to 2 hectares, as per land records of the concerned state or Union Territory.

Age: The farmer’s age must be between 18 and 40 years at the time of enrollment.

Exclusion Criteria: Certain categories of farmers are not eligible for the scheme, including:

Those covered under any other statutory social security schemes (e.g., NPS, ESI, EPFO).

Institutional landowners.

Former and present holders of constitutional posts, ministers, MPs, MLAs, and certain government employees.

Professionals like doctors, engineers, lawyers, and chartered accountants.

Individuals who paid income tax in the previous assessment year.

How to Apply:

Farmers can enroll in the scheme through both online and offline methods:

Offline: The most common method is to visit the nearest Common Service Centre (CSC). You will need to bring your Aadhaar card and your savings bank account passbook. The Village Level Entrepreneur (VLE) at the CSC will assist with the registration process.

Online: Farmers can also self-register on the official MAANDHAN portal using their Aadhaar number and savings bank account details. The online system will automatically calculate the monthly contribution based on the farmer’s age.

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