The Government of India has launched various welfare schemes for farmers, two of the most notable being the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) and the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY). While both are farmer-centric initiatives, they serve different purposes and offer distinct benefits. This article provides a detailed comparison of PM-KISAN vs PM-KMY, helping farmers and readers understand which scheme is suitable for them.
🔍 1. Objective of the Schemes
Scheme
Objective
PM-KISAN
To provide financial assistance of ₹6,000 per year to small and marginal farmers.
PM-KMY
To provide monthly pension of ₹3,000 to farmers after the age of 60 for old age security.
💰 2. Benefits Offered
Scheme
Benefits
PM-KISAN
₹6,000 annually, paid in three equal installments directly into the farmer’s bank account.
PM-KMY
Lifetime monthly pension of ₹3,000 after the age of 60.
🧑🌾 3. Eligibility Criteria
Scheme
Eligibility
PM-KISAN
All small and marginal farmers who own up to 2 hectares of land.
PM-KMY
Farmers aged 18 to 40 years, who are willing to contribute monthly to the pension scheme.
No contribution required from the farmer. Fully funded by the Government of India.
PM-KMY
Monthly contribution required; Government matches the contribution equally. For example, if a 30-year-old contributes ₹100/month, the government contributes an equal amount.
📝 5. How to Apply?
Scheme
Application Process
PM-KISAN
Online via pmkisan.gov.in or through local Common Service Centers (CSC).
PM-KMY
Visit the nearest CSC (Common Service Center) to register under the scheme.
📋 6. Key Features at a Glance
Scheme
Key Features
PM-KISAN
Minimum documents, direct benefit transfer (DBT), applicable across all states.
PM-KMY
Voluntary and contributory, ensures social security during old age, operates like a pension system.
Both PM-KISAN and PM-KMY are vital initiatives for farmer welfare. While PM-KISAN offers immediate annual financial aid, PM-KMY ensures long-term financial security through a monthly pension. Farmers should assess their age, financial goals, and long-term needs to benefit from the right scheme.
🔔 Stay updated! Visit to MyGovScheme’s website for regular updates on new schemes and benefits.
