Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) is a pension scheme launched by the government of India in September 2019. The scheme is aimed at providing financial assistance to small and marginal farmers in their old age.
Under the PM-KMY scheme, farmers between the age group of 18 to 40 years are eligible to receive pension benefits. The scheme provides a monthly pension of Rs 3000 to farmers upon reaching the age of 60 years. The scheme is voluntary and farmers are required to contribute a minimum amount to the scheme on a monthly basis.
The government of India has allocated a budget of Rs 10,774 crore for the PM-KMY scheme for the period 2019-2023. The scheme is expected to benefit about 5 crore small and marginal farmers across the country.
To enroll in the PM-KMY scheme, farmers can visit the nearest Common Service Center (CSC) or Agriculture Welfare Center (AWC). Farmers are required to provide their Aadhar number, bank account details, and mobile number to enroll in the scheme. The premium payment for the PM-KMY scheme can be made through both online and offline modes.
The PM-KMY scheme is a significant step towards providing financial security to small and marginal farmers in their old age. It is a much-needed initiative to support the farmers who have been struggling with various issues related to agriculture and crop production. The scheme has been appreciated by many farmers who feel that it will bring much-needed relief to their financial woes.
In conclusion, the PM-KMY scheme is a well-thought-out initiative by the government of India to provide financial assistance to small and marginal farmers in their old age. The scheme is expected to bring significant benefits to millions of farmers across the country and help them lead a comfortable life in their old age.