Aim of Pradhan Mantri Kisan Maan Dhan Yojana

Pradhan Mantri Kisan Maan Dhan Yojna Scheme has a motive to provide social security net for the Small and Marginal Farmers from the way of pension, as they have minimal or no savings to maintain their livelihood during their old age and to provide help to them in the event of consequent loss of livelihood. Under this scheme, a minimum fixed pension of Rs.3,000/-per month will be given to those who are eligible small and marginal farmers, subject to certain exclusion clauses, on attaining the age of 60 years. The Scheme is a voluntary and contributory pension scheme, with age of 18 to 40 years. The beneficiary would be required to contribute Rs 100/ – per month at median entry age of 29 years. The Central Government shall also contribute to the Pension Fund an equal amount.The Scheme was done in 2019 and since the maximum age for enrollment limit is 40 years and minimum fixed pension of Rs. 3000/- per month will be due once the enrolled farmers attain the age of 60. Also the benefits of the Scheme shall be given only after a minimum period of 20 years.