Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)

The Pradhan Mantri Kisan Maandhan Yojana is a government pension scheme launched to provide financial security to small and marginal farmers during old age. Under this scheme, eligible farmers receive a fixed monthly pension after the age of 60 by contributing a small amount during their working years. With government co-contribution and assured returns, the scheme ensures social security and stable income for farmers.

Introduction of Pradhan Mantri Kisan Maandhan Yojana (PM-KMY): A Brief Insight

The Pradhan Mantri Kisan Maandhan Yojana is a government-backed pension scheme designed to provide old age protection and social security to small and marginal farmers across India. Under this scheme, eligible farmers receive a fixed monthly pension after the age of 60, ensuring financial stability during their later years.

The scheme was launched on 12 September 2019 by the Government of India and is implemented by the Ministry of Agriculture and Farmers Welfare. It is a voluntary and contributory pension scheme where farmers contribute a small monthly amount during their working years.

The primary objective of this scheme is to provide a minimum assured pension to farmers and reduce financial dependence in old age. Along with pension support, farmers can also benefit from other government initiatives such as the Pradhan Mantri Kisan Samman Nidhi, which provides direct income support, and the Pradhan Mantri Fasal Bima Yojana, which offers financial protection against crop loss.

Under the scheme, eligible farmers receive a monthly pension of Rs. 3,000 after attaining the age of 60 years. The Government of India contributes an equal amount, matching the farmer’s contribution, making it a joint contribution pension scheme.

Farmers between the age group of 18 to 40 years are required to contribute monthly amounts ranging from Rs. 55 to Rs. 200, depending on their age. Once the subscriber reaches the age of 60, the pension amount is credited directly to the bank account every month.

In case of the death of the subscriber after the pension begins, the spouse is entitled to receive 50% of the pension as family pension. The scheme also provides provisions in case of disability or early exit as per government rules.

Eligible beneficiaries include small and marginal farmers having cultivable land up to 2 hectares and whose names are recorded in the land records of the respective State or Union Territory. Applicants must fulfil all eligibility conditions to enrol in the scheme.

Farmers can apply for the scheme through the nearest Common Service Centre (CSC), where the enrollment process is completed online with Aadhaar authentication and bank linkage.

In case of any assistance, applicants can visit their nearest CSC or contact the concerned authorities for support and guidance.

You can also check the complete list of Government Schemes of the Central Government to explore more initiatives related to financial security and agricultural support.

Benefits Provided to Eligible Beneficiaries

The Government of India under its Pradhan Mantri Kisan Maandhan Yojana provides the following benefits to ensure old age protection and financial security for small and marginal farmers :

• Provides a minimum assured pension of Rs. 3,000 per month after the subscriber attains the age of 60 years.
• The scheme follows a voluntary and contributory model, where farmers contribute monthly during their working years.
• The Government of India contributes an equal matching amount to the farmer’s contribution.
• Ensures lifelong pension support to farmers after retirement.
• In case of the death of the subscriber after pension begins, the spouse receives 50% of the pension as family pension.
• If the subscriber dies before the age of 60, the spouse can continue the scheme by paying contributions or opt to exit and receive accumulated benefits.
• In case of permanent disability before 60 years, the spouse may continue the scheme or exit with a contribution along with applicable interest.
• Provides social security coverage to small and marginal farmers in rural areas.

Eligibility Conditions Required to be Fulfilled

Farmers who wish to avail benefits under Pradhan Mantri Kisan Maandhan Yojana must fulfil the following eligibility conditions prescribed by the Government of India :

• The applicant must be a Small or Marginal Farmer (SMF).
• The farmer should have cultivable landholding up to 2 hectares as per the State/UT land records.
• The applicant must fall within the age group of 18 to 40 years at the time of enrollment.
• The applicant’s name should be present in the land records of the concerned State/UT.

Who is Not Eligible for PM-KMY (Exclusion Criteria)

• Farmers are covered under other statutory social security schemes such as NPS, ESIC, and EPFO.
• Farmers enrolled under Pradhan Mantri Shram Yogi Maandhan Yojana or Pradhan Mantri Vyapari Maandhan Yojana.
• Institutional landholders.
• Former and present holders of constitutional posts.
• Former and present Ministers, MPs, MLAs, Mayors, and Chairpersons of District Panchayats.
• Serving or retired officers and employees of Central/State Government, PSUs, and local bodies (excluding Multi Tasking Staff / Group D employees).
• Income tax payers.
• Professionals such as Doctors, Engineers, Lawyers, Chartered Accountants, and Architects.

Documents Required to be Attached

Applicants who wish to enrol under Pradhan Mantri Kisan Maandhan Yojana must keep the following documents ready at the time of registration. All details should match official records for successful enrollment in this scheme:

• Aadhaar Card of the applicant (for identity verification and authentication).
• Savings Bank Account details (Account Number and IFSC Code).
• Bank Passbook / Cheque Book / Bank Statement as proof of bank account.
• Mobile Number (for communication and OTP verification).
• Land records of the farmer (to confirm eligibility as a Small and Marginal Farmer).

How Beneficiaries Can Apply to Avail the Benefit of this Scheme

Eligible small and marginal farmers can enrol under Pradhan Mantri Kisan Maandhan Yojana through Common Service Centres (CSC) or by using the official Maandhan portal. The enrollment process is based on Aadhaar authentication and bank account linkage.

Offline Registration through CSC

Step 1 – Visit CSC Centre: The applicant should visit the nearest Common Service Centre (CSC) with the required documents.

Step 2 – Provide Documents: Submit Aadhaar Card, bank account details, and mobile number.

Step 3 – Aadhaar Authentication: Biometric authentication is completed using Aadhaar details.

Step 4 – Fill Application Form: The operator enters personal details, bank details, nominee details, and other required information.

Step 5 – First Contribution Payment: The applicant pays the first monthly contribution amount.

Step 6 – Auto-Debit Activation: Monthly contribution is set through auto-debit from the bank account.

Step 7 – KPAN Generation: A unique Kisan Pension Account Number (KPAN) is generated and a Kisan Card is issued.

Online Self-Enrollment Process

Step 1 – Visit Official Portal: Go to the Maandhan Portal and select the Kisan Maandhan Yojana option.

Step 2 – Mobile Verification: Enter your mobile number and verify through OTP.

Step 3 – Enter Aadhaar Details: Provide Aadhaar number and complete authentication.

Step 4 – Fill Required Information: Enter personal details, bank account details, and nominee details.

Step 5 – Contribution Calculation: The system automatically calculates the monthly contribution based on age.

Step 6 – Submit Application: Complete the registration and download or save the acknowledgement.

Step 7 – Start Contribution: Monthly contribution begins through auto-debit from the linked bank account.

PM-KMY Contribution Chart (Age-wise Monthly Contribution)

The monthly contribution under Pradhan Mantri Kisan Maandhan Yojana depends on the age at which the farmer joins the scheme. The Government of India contributes an equal matching amount :

The contribution amount remains fixed once the subscriber joins the scheme and continues until the age of 60 years. The Government contributes an equal amount every month. A farmer joining at the youngest eligible age of 18 years pays only Rs. 55 per month, the lowest possible contribution, while a farmer joining at the maximum age of 40 years pays Rs. 200 per month.

Exit and Withdrawal Rules under PM-KMY

The Pradhan Mantri Kisan Maandhan Yojana provides flexible exit options to subscribers under different circumstances :

• If a subscriber exits the scheme within 10 years from the date of joining, only the contribution made by the subscriber is returned, along with the savings bank interest rate.
• If a subscriber exits after completing 10 years or more but before attaining the age of 60, the contribution is returned along with accumulated interest earned by the pension fund or savings bank interest, whichever is higher.
• If the subscriber dies before the age of 60, the spouse can either continue the scheme by contributing regularly or exit and receive the contribution along with applicable interest.
• If both the subscriber and spouse die, the accumulated corpus is credited back to the pension fund.
• If a subscriber defaults on contribution payments, the account is treated as in default. No late fee is charged for up to 1 month of default. After that, simple interest is charged on pending amounts and the account can be regularised by paying all pending contributions plus applicable interest.

Important Links Available

• Pradhan Mantri Kisan Maandhan Yojana Official Portal.
• Pradhan Mantri Kisan Maandhan Yojana Guidelines.
• Ministry of Agriculture and Farmers Welfare.
• Common Service Centres (CSC) Portal.

Contact Details in Case of Help Needed

• Helpline Number of Pradhan Mantri Kisan Maandhan Yojana :- 180030003468.
• For assistance related to Pradhan Mantri Kisan Maandhan Yojana, farmers can visit their nearest Common Service Centre (CSC), where enrollment and support services are available.
• Applicants can also contact their local Agriculture Department office or State/UT nodal agency for scheme-related queries and application support.
• For issues related to registration, contribution, or pension status, beneficiaries can seek help through CSC operators (VLEs) who handle the scheme enrollment process.

Frequently Asked Questions (FAQs)

Q. What is Pradhan Mantri Kisan Maandhan Yojana?
Ans. It is a government pension scheme that provides a monthly pension of Rs. 3,000 to small and marginal farmers after the age of 60 years.

Q. Who is eligible for PM-KMY?
Ans. Small and marginal farmers aged between 18 to 40 years with cultivable land up to 2 hectares are eligible.

Q. How much pension is provided under this scheme?
Ans. A minimum assured pension of Rs. 3,000 per month is provided after attaining the age of 60 years.

Q. How much contribution is required?
Ans. Farmers need to contribute between Rs. 55 to Rs. 200 per month, depending on their age, and the Government contributes an equal amount.

Q. What happens if the farmer dies after starting the pension?
Ans. The spouse of the farmer receives 50% of the pension as a family pension.

Q. Can the spouse continue the scheme if the farmer dies before 60?
Ans. Yes, the spouse can continue the scheme by paying regular contributions or exit with accumulated benefits.

Q. What happens if the subscriber becomes disabled?
Ans. In case of permanent disability before 60 years, the spouse can continue the scheme or exit with the contribution amount along with applicable interest.

Q. Is Aadhaar mandatory for enrollment?
Ans. Yes, Aadhaar is required for identity verification during registration.

Q. How can I apply for PM-KMY?
Ans. Farmers can enrol through the nearest Common Service Centre (CSC) with the help of a Village Level Entrepreneur (VLE).

Q. Can I exit the scheme before 60 years?
Ans. Yes, subscribers can exit the scheme as per the rules, and their contribution is returned along with applicable interest.

Q. Is this scheme mandatory for farmers?
Ans. No, PM-KMY is a voluntary and contributory pension scheme.

Q. What is KPAN?
Ans. KPAN (Kisan Pension Account Number) is a unique account number generated after successful enrollment under the scheme.

Q. Can I use PM-KISAN money to pay PM-KMY contribution?
Ans. Yes. Farmers who receive PM-KISAN benefits can use that amount to pay their PM-KMY monthly contribution. They need to submit an enrollment-cum-auto-debit mandate form at the CSC at the time of registration.

Q. Who manages the PM-KMY pension fund?
Ans. The Life Insurance Corporation of India (LIC) manages the Pension Fund under PM-KMY and is also responsible for monthly pension payouts after the subscriber attains 60 years of age.

Q. How many farmers have enrolled in PM-KMY so far?
Ans. As of 6 August 2024, a total of 23.38 lakh farmers have enrolled in the scheme across India. Bihar leads with over 3.4 lakh registrations, followed by Jharkhand with over 2.5 lakh registrations.

Tabassum

Tabassum is a government schemes researcher and writer with 5 years of experience tracking Central and State welfare programmes across India. She has covered 500+ schemes spanning agriculture, women welfare, education, and housing, helping lakhs of beneficiaries understand their entitlements in simple language.