Pradhan Mantri Kisan Pension Yojna, also known as Mandhan Yojna, is an initiative by the Indian government to provide financial security to the farming community. This scheme was launched in 2019 for all the small and marginal farmers who are between the ages of 18 and 40 years.
Under this scheme, farmers will have to contribute a certain amount of money per month until they reach the age of 60. After retirement, they will receive a sum of Rs.3,000 per month as a pension. The contribution amount will vary according to the age of the farmer and will range from Rs.55 to Rs.200 per month.
The scheme is a step towards ensuring that farmers have a financial cushion post-retirement. It has been estimated that more than 5 crore farmers will benefit from this scheme. The government has allocated a budget of Rs. 10,774 crores for this scheme.
The registration process for this scheme is relatively straightforward, and farmers can apply through an online portal or at any Common Service Centre (CSC) nearby. The government has also set up a toll-free number to assist farmers with the registration process.
The scheme has received widespread support from the farming community as it aims to protect their financial security. It is a step towards recognizing the contributions made by farmers in the country’s economy. The government has also taken steps to ensure that the scheme is accessible to farmers who are living in remote areas by setting up CSCs in these locations.
In conclusion, Pradhan Mantri Kisan Pension Yojna (Mandhan Yojna) is a much-needed initiative to provide financial security to the farmers of India. It is a positive step towards recognizing the contribution of farmers to the country’s economy and ensuring that they have a comfortable post-retirement life. The scheme has already garnered support from the farming community and is expected to benefit millions of farmers across the country.