Introduction
PM Kisan Maandhan Yojana is a pension scheme specifically designed for small and marginal farmers across India. Launched in 2019 by the Ministry of Agriculture, the scheme guarantees a minimum monthly pension of ₹3,000 after the farmer reaches 60 years of age. This article explains the eligibility, contribution structure, and application process in detail.
Contribution & Pension Details
| Age at Entry | Monthly Contribution | Monthly Pension at 60 |
|---|---|---|
| 18 years | ₹55 | ₹3,000 |
| 30 years | ₹100 | ₹3,000 |
| 40 years | ₹145 | ₹3,000 |
| 50 years | ₹240 | ₹3,000 |
Who is eligible for PM Kisan Maandhan?
All small and marginal farmers who own up to 2 hectares of cultivable land and are between 18 to 40 years of age are eligible. The farmer must have a valid Aadhaar card and a savings bank account.
How much pension will I get after 60?
You will receive a guaranteed monthly pension of ₹3,000 after turning 60 years of age. The spouse is also eligible for a family pension of 50% (₹1,500) after the farmer's death.
What happens if I stop contributing?
If you stop contributing before age 60, your account becomes inactive. You can resume by paying all overdue contributions with interest. After 60, you cannot restart the scheme.
Is this different from PM Kisan Samman Nidhi?
Yes, PM Kisan Maandhan is a pension scheme requiring monthly contributions from farmers. PM Kisan Samman Nidhi is an income support scheme giving ₹6,000 per year without any contribution from farmers.