The Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) is a pension scheme introduced by the Government of India specifically for small and marginal farmers. It aims to provide financial security and social protection to these farmers during their old age. However, to be eligible for this scheme, farmers need to meet certain age criteria. Let’s delve into the details.
The age criteria for the Pradhan Mantri Kisan Maan-Dhan Yojana are as follows:
1. Minimum Age: The minimum age required to enroll in the PM-KMY scheme is 18 years. Any farmer who has reached 18 years of age or older can apply to become a beneficiary of this pension scheme.
2. Maximum Age: The maximum age limit to join the Pradhan Mantri Kisan Maan-Dhan Yojana is 40 years. Farmers who are between 18 and 40 years of age are eligible to participate in this scheme and avail its benefits.
3. Exemptions: There are a few exceptions to the maximum age criteria. Farmers who have reached the age of 40 years or older as of the announcement of the scheme (i.e., as of 9th August 2019) are also eligible to become beneficiaries if they fulfill other conditions.
4. Family Members: While the age limit is explicitly specified for farmers joining the PM-KMY scheme, other family members, such as the spouse, may also be eligible to join the scheme under certain conditions. It is advisable to check the scheme’s guidelines for further information on this aspect.
By adhering to the age criteria mentioned above, eligible farmers can be assured of receiving the benefits provided by the Pradhan Mantri Kisan Maan-Dhan Yojana. Once enrolled, the beneficiaries contribute a prescribed amount monthly, depending on their age, to the pension fund. The government, in turn, also contributes an equal amount on behalf of the farmers. This collective contribution ensures that farmers can secure a stable income after reaching the age of 60.
Through the PM-KMY scheme, the government aims to address the issue of social security for farmers, especially those belonging to the marginalized and vulnerable sections of society. As agriculture plays a significant role in the Indian economy, ensuring the financial well-being of farmers during their old age is crucial for their dignity and continued contribution to the sector.
It is important to note that the Pradhan Mantri Kisan Maan-Dhan Yojana is a voluntary and contributory scheme. Therefore, farmers meeting the age criteria should take advantage of this initiative to secure their future and lead a life of dignity after years of hard work and dedication in the agricultural field.
In conclusion, the age criteria for the Pradhan Mantri Kisan Maan-Dhan Yojana include a minimum age of 18 years and a maximum age of 40 years. Older farmers at the time of announcement and certain family members may also be eligible. By meeting these criteria, farmers can enroll in the PM-KMY scheme and ensure financial security during their old age, thus contributing to the overall welfare and prosperity of the agricultural community.