What is PM-KMY and which ministry runs it?

Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) is a voluntary, contributory pension scheme for small and marginal farmers, launched on 12 September 2019 by the Department of Agriculture & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. It is administered through the Life Insurance Corporation of India (LIC) as the pension fund manager and is implemented in convergence with the existing PM-KISAN income-support database. The scheme guarantees an assured monthly pension of ₹3,000 to enrolled farmers from age 60 onwards.

Who is eligible for PM-KMY?

PM-KMY is open to small and marginal farmers aged between 18 and 40 years who own cultivable land of up to 2 hectares as per the relevant state land records, regardless of gender. Both husband and wife in a farming household can enrol separately if each meets the criteria. The scheme excludes farmers already covered by other statutory social-security schemes such as the National Pension Scheme (NPS), Employees' State Insurance (ESI), Employees' Provident Fund Organisation (EPFO) schemes, or PM-SYM (PM Shram Yogi Maan-Dhan) and PM Laghu Vyapari Maan-Dhan, as well as institutional landholders, higher-income tax payers, professionals (doctors, engineers, lawyers, chartered accountants, architects), and serving / former constitutional post holders covered under the PM-KISAN exclusion list.

How much do farmers contribute every month and what is the government's matching contribution?

The farmer's monthly contribution is age-dependent and ranges from ₹55 per month (for entry at age 18) to ₹200 per month (for entry at age 40), based on a sliding scale published in the scheme guidelines. The Central Government contributes an equal matching amount into the Pension Fund managed by LIC. For example, a 25-year-old farmer paying ₹80 per month is matched by ₹80 from the government, while a 35-year-old paying ₹150 per month is matched by ₹150 from the government. Contributions are auto-debited from the farmer's savings bank account on a chosen date each month.

Can PM-KISAN beneficiaries pay their PM-KMY contribution from their PM-KISAN instalment?

Yes. Farmers already enrolled under PM-KISAN have the option to authorise the Department of Agriculture & Farmers Welfare to deduct the PM-KMY contribution directly from their PM-KISAN income-support instalments of ₹2,000 paid three times a year. This convergence removes the need for monthly auto-debit from the savings account and is intended to make enrolment easier for cash-strapped marginal farmers. The choice is voluntary and can be reversed by the farmer.

What pension does the farmer receive and from when?

On attaining 60 years of age, the enrolled farmer receives an assured pension of ₹3,000 per month — i.e. ₹36,000 per year — for life, credited directly to the registered bank account. The pension is paid out of the Pension Fund managed by LIC under the scheme rules and is not linked to market returns; the ₹3,000 monthly amount is guaranteed by the Government of India as long as eligibility is maintained.

What happens if the enrolled farmer dies before or after age 60?

If the farmer dies before 60, the spouse can continue the scheme by paying the remaining contributions and receive the full ₹3,000 pension from age 60 onwards; alternatively, the spouse can exit and receive the farmer's share of contributions with interest as earned by the Pension Fund or at savings-bank rate, whichever is higher. If the farmer dies after 60 while receiving pension, the spouse is entitled to a family pension equal to 50% of the pension (i.e. ₹1,500 per month) as long as the spouse is alive. The family pension applies only to the spouse, not to children or other dependents.

What are the exit and refund rules?

Exit before 10 years of contribution: the farmer is refunded only their share of contributions along with savings-bank-rate interest. Exit after 10 years but before age 60: the farmer is refunded their share along with the accumulated interest earned by the Pension Fund or at savings-bank rate, whichever is higher. If the farmer becomes permanently disabled or dies before age 60, the spouse may continue or exit on similar terms. The government's matching contribution and the interest on it stay with the Pension Fund. Defaults in monthly contribution can be regularised by paying the arrears with a small penal interest as prescribed by LIC.

How and where do I enrol for PM-KMY?

Enrolment is free of cost and is done through any nearby Common Service Centre (CSC) — there are over 5 lakh CSCs across India — or through the Department of Agriculture & Farmers Welfare's state implementing agency, with documents that include Aadhaar, savings bank account passbook and basic land records. Farmers can also visit the official portal at maandhan.in for self-registration. The Village Level Entrepreneur at the CSC captures Aadhaar-based KYC, takes the auto-debit consent, and issues a Kisan Pension Card with a unique Maan-Dhan Account Number.

What documents are required at enrolment?

The primary documents are: (1) Aadhaar card of the farmer, (2) savings bank account passbook or canceled cheque in the farmer's name, (3) IFSC code of the branch for auto-debit, and (4) proof of small / marginal farmer status from the state land records — typically the latest record of rights, khata, khatauni or village patwari extract showing cultivable landholding of up to 2 hectares. PM-KISAN-registered farmers can use their PM-KISAN beneficiary identifier to speed up the enrolment as the bank, Aadhaar and landholding data are already verified in the PM-KISAN database.

Is PM-KMY taxable and is there any guarantee from the Government of India?

The contributions made by the farmer are eligible for income-tax deduction under Section 80CCD of the Income-tax Act, 1961 in the same manner as the National Pension Scheme. The pension received after age 60 is taxable as income from other sources in the year of receipt, subject to applicable slabs. The Government of India guarantees the assured minimum pension of ₹3,000 per month under the scheme rules; if the corpus earnings of the Pension Fund fall short of what is needed to pay the assured pension, the centre meets the shortfall.

PM-KMY Guide — Pradhan Mantri Kisan Maan-Dhan Yojana: ₹3,000/month Pension for Small & Marginal Farmers, Eligibility, Contribution Slabs & Enrolment

PM-KMY (Pradhan Mantri Kisan Maan-Dhan Yojana)is the Government of India's voluntary contributory pension scheme for small and marginal farmers, launched on 12 September 2019by the Department of Agriculture & Farmers Welfare. Modelled on the broader Maan-Dhan social-security family that also covers unorganised workers (PM-SYM) and small traders (PM-LVM), PM-KMY guarantees an assured pension of ₹3,000 per month from age 60 in return for a monthly contribution of ₹55–₹200, matched 1:1 by the centre and pooled into a Pension Fund managed by the Life Insurance Corporation of India (LIC). This guide covers eligibility, the age-based contribution slabs, the ₹3,000 pension and 50% family pension, exit / refund rules, documents, enrolment via Common Service Centres and the maandhan.in portal, and the convergence with PM-KISAN. For the wider scheme portfolio see our India government schemes for farmers reference, and for the income-support side see the PM-KISAN deep-dive.

At a glance

Scheme type: voluntary, contributory, defined-benefit pension scheme for small and marginal farmers.
Launched: 12 September 2019 by the Department of Agriculture & Farmers Welfare under the Ministry of Agriculture & Farmers Welfare.
Pension fund manager: Life Insurance Corporation of India (LIC).
Eligibility window: small and marginal farmers aged 18–40 years with cultivable landholding of up to 2 hectares.
Monthly contribution: ₹55 (entry at 18) to ₹200 (entry at 40), matched 1:1 by the Government of India.
Pension: assured ₹3,000 per month from age 60 for life, plus 50% family pension to the spouse on the pensioner's death.
Portal: maandhan.in; enrolment also at the network of 5 lakh+ Common Service Centres (CSCs).

Eligibility — who can join

PM-KMY is targeted squarely at India's small and marginal farmer segment as defined in state land records. The eligibility conditions are:

Age: entry between 18 and 40 years on the date of enrolment. Beyond 40 the actuarial cost of the assured pension makes the scheme unviable for new joiners.
Landholding: cultivable landholding of up to 2 hectares (≈ 5 acres) as per the latest record of rights / khata / khatauni / patwari extract of the relevant state. Tenant cultivators are typically not eligible unless the state has issued a specific certification.
Both spouses in a farming household can enrol as separate pensioners if each independently meets the age and land criteria.

The following categories are excluded from PM-KMY:

Farmers already covered by other statutory social-security schemes — NPS, ESI, EPFO, or the sister Maan-Dhan schemes PM-SYM (unorganised workers) and PM-LVM (small traders).
Higher-income earners and income-tax payers, professionals (doctors, engineers, lawyers, chartered accountants, architects), institutional landholders, and serving / former constitutional post holders — same exclusion list as PM-KISAN.

Contribution slabs — what the farmer pays each month

The farmer's monthly contribution is fixed at the time of enrolment based on entry age and stays constant until age 60. The Government of India contributes an equal matching amount into the LIC-managed Pension Fund. Representative slabs from the scheme guidelines:

Age 18: ₹55 per month (centre matches ₹55).
Age 25: ₹80 per month (centre matches ₹80).
Age 30: ₹105 per month (centre matches ₹105).
Age 35: ₹150 per month (centre matches ₹150).
Age 40: ₹200 per month (centre matches ₹200).

Contribution is by auto-debitfrom the farmer's savings bank account on a chosen date each month. Defaults can be regularised by paying the arrears with a small penal interest as notified by LIC; persistent default leads to the scheme being treated as discontinued and the refund rules below apply.

Convergence with PM-KISAN — pay your premium from your income-support instalment

A farmer already enrolled in PM-KISANcan authorise the Department of Agriculture & Farmers Welfare to deduct the PM-KMY monthly contribution directly from their PM-KISAN instalments of ₹2,000 paid three times a year. This removes the need for monthly bank auto-debit, helps cash-poor marginal farmers stay current, and is the recommended path for households that are already in the PM-KISAN database. The opt-in is voluntary and can be reversed at any time by visiting a CSC.

Benefits — pension, family pension and disability

Monthly pension: ₹3,000 (₹36,000 per year) from age 60, credited directly to the registered bank account. Guaranteed by the Government of India — if the corpus earnings of the Pension Fund fall short, the centre meets the shortfall.
Family pension: on the death of the pensioner after age 60, the spouse is entitled to a family pension equal to 50% of the pension (₹1,500 per month) for life. Family pension is restricted to the spouse and does not extend to children or other dependents.
Death before age 60: the spouse may either continue the scheme by paying the remaining contributions and receive the full ₹3,000 pension from age 60, or exit and receive the contributions with interest (see refund rules below).
Permanent disability before age 60: the farmer can exit with their share of contributions plus interest earned by the Pension Fund, or the spouse may continue the scheme to draw the full pension at age 60.

Exit and refund rules

Exit within 10 years of joining: farmer is refunded only their share of contributions plus interest at the prevailing savings-bank rate.
Exit after 10 years but before age 60: farmer is refunded their share along with the accumulated interest earned by the Pension Fund or at the savings-bank rate, whichever is higher.
The Government of India's matching contribution and the interest earned on it stay with the Pension Fund in all early-exit scenarios — only the farmer's own contribution is refundable.
After age 60: the scheme cannot be exited; the assured pension is paid for life and family pension follows the rules above.

How to enrol — step by step

Visit any nearby Common Service Centre (CSC) with Aadhaar, savings bank passbook (or cancelled cheque) and the latest state land record showing landholding up to 2 hectares. There are over 5 lakh CSCs across rural India.
The Village Level Entrepreneur (VLE) captures Aadhaar-based e-KYC, records the bank account and IFSC for auto-debit, and registers the landholding details.
The system computes the monthly contribution based on entry age and the farmer signs an auto-debit mandate. PM-KISAN beneficiaries can choose the alternative of deduction from PM-KISAN instalments.
The farmer pays the first monthly contribution in cash to the VLE, who deposits it through the system. Subsequent contributions flow via auto-debit.
The CSC issues a Kisan Pension Card with a unique Maan-Dhan account number, signed by the farmer. Status, statement of contributions and grievance redressal are available on maandhan.in.
Self-registration without visiting a CSC is also supported on maandhan.in for tech-comfortable applicants.

Tax treatment

Contributions made by the farmer are eligible for income-tax deduction under Section 80CCD of the Income-tax Act, 1961, in the same manner as the National Pension Scheme — subject to the prescribed ceilings and the farmer opting out of the simplified new tax regime where applicable.
The monthly pension received after age 60 is taxable as income from other sources in the year of receipt.
The Central Government's matching contribution is not treated as taxable income of the farmer.

How PM-KMY fits into the wider farmer-welfare stack

PM-KMY is the old-age income leg of the Indian farmer-welfare architecture and is meant to be stacked with the rest of the portfolio rather than viewed in isolation:

PM-KISAN provides current-year income support of ₹6,000 a year, a part of which can be auto-deducted to pay the PM-KMY contribution.
Kisan Credit Card (KCC) meets short-term crop-credit needs while the farmer is still cultivating.
PMFBY insures the crop against yield loss; PM-KMY insures the farmer's own old age.
Soil Health Card and PMKSY Per Drop More Crop are productivity-side instruments that keep the farm viable through the contribution years.
PMFME and e-NAM support value addition and market access to lift farm income — making the small ₹55–₹200 monthly contribution more affordable.

Common reasons enrolment is rejected or stalls

Age outside 18–40 on the date of enrolment — the actuarial design does not permit new joiners outside this window.
Landholding above 2 hectares in the latest state land record — the farmer is not in the small / marginal segment for PM-KMY.
Already covered by NPS / ESI / EPFO / PM-SYM / PM-LVM — exclusion list bars dual coverage.
Aadhaar–bank account name mismatch — e-KYC fails at the CSC; rectify with the bank before re-attempting.
Insufficient balance in savings account for auto-debit over consecutive months — scheme is treated as in default; regularise via the CSC.

References

maandhan.in — official Maan-Dhan portal, covering PM-KMY, PM-SYM and PM-LVM enrolment, status, statements and grievances.
agriwelfare.gov.in — Department of Agriculture & Farmers Welfare, the administrative ministry for PM-KMY.
Press Information Bureau (PIB) — 12 September 2019 launch press release in Ranchi and subsequent Cabinet / Ministry briefings.
csc.gov.in — Common Service Centres directory; locate the nearest CSC by district / block.
licindia.in — Life Insurance Corporation of India, the pension fund manager under the scheme.

Frequently asked questions

What is PM-KMY and which ministry runs it?: Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) is a voluntary, contributory pension scheme for small and marginal farmers, launched on 12 September 2019 by the Department of Agriculture & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. It is administered through the Life Insurance Corporation of India (LIC) as the pension fund manager and is implemented in convergence with the existing PM-KISAN income-support database. The scheme guarantees an assured monthly pension of ₹3,000 to enrolled farmers from age 60 onwards.
Who is eligible for PM-KMY?: PM-KMY is open to small and marginal farmers aged between 18 and 40 years who own cultivable land of up to 2 hectares as per the relevant state land records, regardless of gender. Both husband and wife in a farming household can enrol separately if each meets the criteria. The scheme excludes farmers already covered by other statutory social-security schemes such as the National Pension Scheme (NPS), Employees' State Insurance (ESI), Employees' Provident Fund Organisation (EPFO) schemes, or PM-SYM (PM Shram Yogi Maan-Dhan) and PM Laghu Vyapari Maan-Dhan, as well as institutional landholders, higher-income tax payers, professionals (doctors, engineers, lawyers, chartered accountants, architects), and serving / former constitutional post holders covered under the PM-KISAN exclusion list.
How much do farmers contribute every month and what is the government's matching contribution?: The farmer's monthly contribution is age-dependent and ranges from ₹55 per month (for entry at age 18) to ₹200 per month (for entry at age 40), based on a sliding scale published in the scheme guidelines. The Central Government contributes an equal matching amount into the Pension Fund managed by LIC. For example, a 25-year-old farmer paying ₹80 per month is matched by ₹80 from the government, while a 35-year-old paying ₹150 per month is matched by ₹150 from the government. Contributions are auto-debited from the farmer's savings bank account on a chosen date each month.
Can PM-KISAN beneficiaries pay their PM-KMY contribution from their PM-KISAN instalment?: Yes. Farmers already enrolled under PM-KISAN have the option to authorise the Department of Agriculture & Farmers Welfare to deduct the PM-KMY contribution directly from their PM-KISAN income-support instalments of ₹2,000 paid three times a year. This convergence removes the need for monthly auto-debit from the savings account and is intended to make enrolment easier for cash-strapped marginal farmers. The choice is voluntary and can be reversed by the farmer.
What pension does the farmer receive and from when?: On attaining 60 years of age, the enrolled farmer receives an assured pension of ₹3,000 per month — i.e. ₹36,000 per year — for life, credited directly to the registered bank account. The pension is paid out of the Pension Fund managed by LIC under the scheme rules and is not linked to market returns; the ₹3,000 monthly amount is guaranteed by the Government of India as long as eligibility is maintained.
What happens if the enrolled farmer dies before or after age 60?: If the farmer dies before 60, the spouse can continue the scheme by paying the remaining contributions and receive the full ₹3,000 pension from age 60 onwards; alternatively, the spouse can exit and receive the farmer's share of contributions with interest as earned by the Pension Fund or at savings-bank rate, whichever is higher. If the farmer dies after 60 while receiving pension, the spouse is entitled to a family pension equal to 50% of the pension (i.e. ₹1,500 per month) as long as the spouse is alive. The family pension applies only to the spouse, not to children or other dependents.
What are the exit and refund rules?: Exit before 10 years of contribution: the farmer is refunded only their share of contributions along with savings-bank-rate interest. Exit after 10 years but before age 60: the farmer is refunded their share along with the accumulated interest earned by the Pension Fund or at savings-bank rate, whichever is higher. If the farmer becomes permanently disabled or dies before age 60, the spouse may continue or exit on similar terms. The government's matching contribution and the interest on it stay with the Pension Fund. Defaults in monthly contribution can be regularised by paying the arrears with a small penal interest as prescribed by LIC.
How and where do I enrol for PM-KMY?: Enrolment is free of cost and is done through any nearby Common Service Centre (CSC) — there are over 5 lakh CSCs across India — or through the Department of Agriculture & Farmers Welfare's state implementing agency, with documents that include Aadhaar, savings bank account passbook and basic land records. Farmers can also visit the official portal at maandhan.in for self-registration. The Village Level Entrepreneur at the CSC captures Aadhaar-based KYC, takes the auto-debit consent, and issues a Kisan Pension Card with a unique Maan-Dhan Account Number.
What documents are required at enrolment?: The primary documents are: (1) Aadhaar card of the farmer, (2) savings bank account passbook or canceled cheque in the farmer's name, (3) IFSC code of the branch for auto-debit, and (4) proof of small / marginal farmer status from the state land records — typically the latest record of rights, khata, khatauni or village patwari extract showing cultivable landholding of up to 2 hectares. PM-KISAN-registered farmers can use their PM-KISAN beneficiary identifier to speed up the enrolment as the bank, Aadhaar and landholding data are already verified in the PM-KISAN database.
Is PM-KMY taxable and is there any guarantee from the Government of India?: The contributions made by the farmer are eligible for income-tax deduction under Section 80CCD of the Income-tax Act, 1961 in the same manner as the National Pension Scheme. The pension received after age 60 is taxable as income from other sources in the year of receipt, subject to applicable slabs. The Government of India guarantees the assured minimum pension of ₹3,000 per month under the scheme rules; if the corpus earnings of the Pension Fund fall short of what is needed to pay the assured pension, the centre meets the shortfall.

Contribution slabs, eligibility cut-offs and pension entitlements above summarise the publicly available PM-KMY scheme guidelines and the latest Department of Agriculture & Farmers Welfare / PIB advisories on maandhan.in and agriwelfare.gov.in. Rates, exclusion conditions, refund rules and tax treatment are revised from time to time; intending enrolees should verify the current terms with their nearest CSC or on the official portal before signing the auto-debit mandate.