Pradhan Mantri Kisan Maandhan Yojana: Who Qualifies and What You Get
Learn how small and marginal farmers can secure a monthly pension after age 60 through this government scheme.
This scheme provides a monthly pension to small and marginal farmers to help secure their financial future after retirement.
Who it's for
This program is designed for small and marginal farmers who are between the ages of 18 and 40.
What you get
Once you reach the age of 60, you will receive a monthly pension of ₹3,000 to help cover your living expenses.
What it costs you
To receive the pension, you must make regular monthly contributions. The amount you pay depends on your age when you join the scheme, typically ranging from ₹55 to ₹200 per month.
The catch to know
If you decide to withdraw from the scheme before you have completed five years of contributions, you will lose the portion of the funds provided by the government.
How to apply
- Check if you meet the age and farming criteria.
- Gather the necessary identification documents.
- Register through the official portal or at a designated center.
- Set up your regular monthly contributions.