Saturday, November 20, 2021
Pradhanmantri Kisan Mandhan Yojana
As of my last update in September 2021, the Kisan Mandhan Yojana is a pension scheme launched by the Government of India aimed at providing financial security to small and marginal farmers during their old age. The scheme primarily targets farmers in the age group of 18 to 40 years.
Agricultural credit | National Agricultural Insurance Scheme
Here are the key features of the Kisan Mandhan Yojana:
National Agricultural Renewal Project Scheme | Main goals of National Agricultural Renewal Project
Eligibility Criteria for Kisan Mandhan:
1. Age: Farmers between the ages of 18 and 40 years are eligible to join the scheme.
2. Land Ownership: Small and marginal farmers who own cultivable land are eligible. The definition of small and marginal farmers varies by state and union territory.
Yojana Features and Benefits:
1. Monthly Pension: After reaching the age of 60, the enrolled farmers receive a fixed pension amount every month. The amount of the pension depends on the contribution made by the farmer during their active years.
2. Contribution: Farmers enrolled in the scheme have to make a monthly contribution based on their age. The central government also contributes to the pension fund.
3. Death Benefit: In case of the death of the farmer during the period of the scheme, the spouse is eligible to receive 50% of the pension as a family pension.
4. Nomination: Farmers can nominate their spouse for receiving the pension in case of their demise.
5. Enrollment Process: Enrollment into the Kisan Mandhan Yojana can be done through Common Service Centers (CSCs) across India or by approaching nodal officers appointed by the State/UT governments.
6. Pension Payment: The pension is directly transferred to the bank account of the beneficiary through Direct Benefit Transfer (DBT).
Please note that specific details of the scheme, including the contribution amounts, eligibility criteria, and benefits, might have been updated since my last update in September 2021. For the most recent and detailed information about the Kisan Mandhan Yojana, I recommend visiting the official website of the Ministry of Agriculture & Farmers' Welfare, Government of India, or contacting local government offices.
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Read more related to Kisan Mandhan Yojana:
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