What you get
- Monthly Pension Benefit: | - The subscriber will receive a minimum assured pension of ₹ 3,000/- per month after attaining the age of 60 years. | - Family Pension Benefit: | - In case of death of the subscriber, the spouse will receive 50% of the pension amount as family pension. | - Family pension is applicable only to the spouse. | - Government Matching Contribution: | - The Government of India will contribute an amount equal to the subscriber’s monthly contribution to the pension fund. | - Disablement Benefit: | - If the subscriber becomes permanently disabled before the age of 60 years, the spouse can continue the scheme by paying contributions or exit by receiving the subscriber’s contribution with interest. | - Exit Benefits: | - If the subscriber exits within 10 years, only the subscriber’s contribution will be refunded with savings bank interest. | - If the subscriber exits after 10 years but before 60 years, the subscriber’s contribution will be refunded with accumulated interest or savings bank interest, whichever is higher. | - If the subscriber dies before 60 years, the spouse can continue the scheme or exit with a refund of the subscriber’s contribution with interest. | - After the death of both subscriber and spouse, the corpus will be credited back to the pension fund.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is "Pradhan Mantri Kisan Maandhan Yojana (PMKMY)"?
PMKMY is a voluntary and contributory pension scheme launched by the Government of India to provide old-age security to small and marginal farmers.
Who is eligible to join PMKMY?
Small and marginal farmers aged between 18 and 40 years with cultivable landholding up to 2 hectares are eligible to enroll in the scheme.
What pension benefit is provided under PMKMY?
After attaining the age of 60 years, beneficiaries receive a guaranteed monthly pension of ₹3,000/-.
Who is eligible to join PMKMY?
Small and marginal farmers aged between 18 and 40 years with cultivable landholding up to 2 hectares are eligible to enroll in the scheme.
What pension benefit is provided under PMKMY?
After attaining the age of 60 years, beneficiaries receive a guaranteed monthly pension of ₹3,000/-.
How much contribution is required from farmers?
The contribution depends on the age at entry and ranges from ₹55/- to ₹200/- per month.
Does the Government contribute to the scheme?
Yes, the Government of India makes an equal matching contribution to the farmer’s contribution.
What happens if the beneficiary dies during the scheme period?
If the beneficiary dies before the pension age, the spouse can continue the scheme by paying the remaining contributions.
What happens if the beneficiary dies after starting pension?
After the death of the pensioner, the spouse is entitled to receive 50% of the pension as a family pension.
Can a beneficiary exit the scheme?
Yes, beneficiaries can voluntarily exit the scheme before the age of 60 years under specified conditions.
What happens if the beneficiary exits before 10 years?
If the beneficiary exits before completing 10 years, only the farmer’s contribution along with savings bank interest will be returned.
What happens if the beneficiary exits after 10 years but before 60 years?
If the exit is after 10 years, the beneficiary can receive either the farmer’s contribution with interest or the accumulated pension fund, whichever is higher.
How can farmers enroll in the scheme?
Farmers can enroll through Common Service Centres (CSCs).
Can farmers receiving PM-KISAN benefits join PMKMY?
Yes, farmers receiving PM-KISAN benefits can also join PMKMY, and their PM-KISAN benefit can be used for contribution payment.