The Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) is a revolutionary step by the Government of India to secure the financial future of India’s backbone — Small and Marginal Farmers (SMFs). Launched on September 12, 2019, this voluntary and contributory pension scheme ensures old-age protection and financial security for farmers who often lack access to retirement benefits.
💡 Looking for more farmer-related schemes? Explore our complete list of Central Government Schemes for Farmers.
🔍 What is PM-KMY?
The Pradhan Mantri Kisan Maandhan Yojana offers a monthly pension of ₹3,000 to eligible farmers once they attain the age of 60 years. Managed by the Life Insurance Corporation of India (LIC), this scheme ensures a secure pension fund with guaranteed benefits.
If the farmer passes away, their spouse receives 50% of the pension amount as a family pension.
✅ PM-KMY Eligibility Criteria
To enroll in the PM-KMY scheme, farmers must fulfill the following conditions:
📅 Age Limit:
- Between 18 to 40 years at the time of enrollment.
🌾 Landholding Criteria:
- Must own up to 2 hectares of cultivable land (as per State/UT records on August 1, 2019).
❌ Who is Excluded:
- Farmers covered under other statutory pension schemes (NPS, EPFO, ESIC).
- Those enrolled in PM-SYM or PM-VYMY.
- Institutional landholders, income tax payers, professionals (e.g., doctors, engineers, lawyers), and elected officials (MLAs, MPs).
💡 Key Features of PM-KMY
| Feature | Details |
|---|---|
| Minimum Monthly Pension | ₹3,000 (after age 60) |
| Voluntary Contribution | ₹55–₹200/month (based on entry age) |
| Matching Government Share | Equal contribution by Central Government |
| Managed by | LIC (Life Insurance Corporation of India) |
| Integration | Can utilize PM-KISAN benefits to fund contributions |
🎁 Benefits of Pradhan Mantri Kisan Maandhan Yojana
- 👨👩👧 Family Pension
- If the subscriber passes away, the spouse gets ₹1,500/month (50% of pension).
- ♿ Disability Support
- In case of permanent disability before 60, the spouse can continue or withdraw the scheme and receive the accumulated contribution + interest.
- 🔁 Exit & Withdrawal Rules
- Before 10 years: Refund of contribution + savings bank interest.
- After 10 years but before 60: Refund of contribution + interest.
- After subscriber’s death: Spouse can continue or withdraw the scheme.
- Death of both: The fund is credited back to the pension pool.
📊 Monthly Contribution Chart (Age-wise)
| Age | Your Contribution | Govt Contribution | Total Monthly |
|---|---|---|---|
| 18 | ₹55 | ₹55 | ₹110 |
| 25 | ₹80 | ₹80 | ₹160 |
| 30 | ₹105 | ₹105 | ₹210 |
| 35 | ₹150 | ₹150 | ₹300 |
| 40 | ₹200 | ₹200 | ₹400 |
📎 For the full contribution table, visit our PM Kisan Maandhan Yojana Contribution Chart (2025) – Entry Age-Wise Breakdown.
🌍 State-Wise Enrolment (as of August 6, 2024)
Over 23.38 lakh farmers have enrolled. Top participating states:
- Bihar – 3.4+ lakh
- Jharkhand – 2.5+ lakh
- Uttar Pradesh, Odisha, Chhattisgarh – Notable participation
📝 How to Apply for PM-KMY
Step 1: Visit the Nearest Common Service Centre (CSC)
- Farmers must physically visit the nearest CSC/VLE center.
Step 2: Keep These Documents Ready
- Aadhaar Card
- Bank Passbook / Statement
- Mobile Number
- Email ID
Step 3: First Contribution in Cash
- Pay the initial contribution amount to the Village Level Entrepreneur (VLE).
Step 4: Aadhaar Authentication
- The VLE will verify your Aadhaar details for accurate identity proof.
Step 5: Online Form Submission
- VLE will fill:
- Bank account details
- Contact information
- Spouse and nominee details
Step 6: System-Calculated Monthly Contribution
- Auto-calculated based on age.
Step 7: Sign Auto Debit Mandate
- Sign and upload Enrolment cum Auto Debit Mandate Form.
Step 8: Get Your KPAN & Kisan Card
- Receive a unique Kisan Pension Account Number (KPAN) and Kisan Card.
📢 Also Read: How to Register for PM-KISAN in 2025
🧾 Important Links
📌 Final Thoughts
The Pradhan Mantri Kisan Maandhan Yojana is more than just a pension scheme — it’s a commitment to economic dignity for India’s farmers. With low monthly contributions and a guaranteed pension, PM-KMY is an essential support pillar for SMFs looking for retirement stability.
👉 Have questions? Drop a comment below or visit our FAQ Section on Farmer Schemes.
✍️ Explore More
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- How to Link Aadhaar with Bank for Subsidies
🔔 Stay updated! Visit to MyGovScheme’s website for regular updates on new schemes and benefits.
Saini chaupal ke pass naugaon Rajasthan Alwar