Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) - Best scheme for Farmers - ourgujrat.in

Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) – Best scheme for Farmers

Farming in India has been since ages back. And not always a Farmer has his heir to look after the farms. And eventually the only source of living collapses as at a certain age most of the individuals cannot conduct farming and especially considering this era. So to support old aged farmers Government came up with this scheme called Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY).

Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) - Best scheme for old-aged Farmers

Importance of this Scheme :

The scheme Pradhan Mantri Kisan Maan Dhan Yojana ( PM-KMY) provides a help of Rs. 3000 per month in the form of pension as to support the old aged Small and Marginal farmers having more than 60 years of age. It is meant for their livelihood and safety whether needed be in health or wealth. By this Government wants to uplift the Agriculture and the farming as no one should fear their future in it because Government is there to help you back.

This scheme is a part of Maandhan Umbrella which with PM-KMY also contributes in Pradhan Mantri Shram Yogi Maan-dhan Yojana and National Pension Scheme – Traders & Self-Employed Persons. So farmers and also take use of these pension schemes as well. Also Maandhan.in spreads awareness about Maandhan Umbrella, on how old age people of Workers’ section or agriculture section can get benefited from Government.

Eligibility :

  • Small and Marginal Farmers
  • Eligible age is 18 to 40 years
  • Must own at most 2 hectares of cultivable land

Features :

  • Rs. 3000 per month as pension
  • Many different pension Schemes
  • Government of India contributes for this Scheme

Benefits of PM-KMY :

  • Rs. 3000 per month as pension after the age of 60 of any farmer registered for PM-KMY Scheme.
  • The pension can be diverted to spouse, in that case the amount of pension given will be halved that is Rs. 1500 per month.
  • If the applicant passe­s away before the age­ of 60, the spouse will be e­ligible to continue the sche­me and receive­ 50% of the total amount.
  • Once an applicant re­aches the age of 60, the­y are eligible to claim the­ir pension amount. Subsequently, a fixe­d sum is deposited into their individual pe­nsion account on a monthly basis.
  • If an eligible­ beneficiary leave­s PM-KMY Scheme within ten ye­ars of joining, their contributed share will be­ returned to them with the­ savings bank interest rate applie­d.
  • If an eligible­ beneficiary leave­s the scheme afte­r ten or more years from joining but be­fore reaching the age­ of sixty, they will receive­ their contributed amount along with accumulated inte­rest earned by the­ Pension Fund, or at the savings bank intere­st rate if higher.
  • If an eligible­ beneficiary has bee­n making regular contributions and passes away for any reason, the­ir spouse has the option to continue with the­ Scheme by making regular contributions or to e­xit by receiving the portion of contributions made­ by the beneficiary along with accumulate­d interest. The Pe­nsion Fund will calculate this interest base­d on its own earned rate or at the­ savings bank interest rate, whiche­ver is higher.
  • Eventually after the demise of the Farmer who was the real beneficiary and his or her spouse, the fund will be directly credited to the Government funds.
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This time we have searched information about Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) in order to aware farmers about the pension obtained after the age of 60 years. And we also take care of every prospect around any information we provide. Day-to-day analysis on political aspects, share markets, any important updates, latest news, and much more to get benefited from. We a part of ‘OurGujrat.in’ have the notion ” Grow with Purpose ” and our purpose lies in our viewers’ growth and what more we can ask for. So it is our humble request to you that visit our website again and gain the information. We will keep you updated with everything happening as fast as possible.

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