The Indian govt has been actively introducing new welfare schemes to improve the financial security of Indian farmers. One such initiative is the PM Kisan Samman Nidhi Yojana, which provides direct financial benefit to eligible farmers. But did you know that being enrolled in PM-KISAN also makes you eligible for a lifetime pension under a separate scheme?
Introducing the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) — a pension scheme that promises financial independence to small and marginal farmers when they cross the age of 60. Here’s everything you need to know about how to get benefits of up to ₹3,000 per month, eligibility, how the scheme works, and how to ensure you never miss a single installment.
What is PM Kisan Mandhan Yojana (PM-KMY)?
The PM-Kisan Mandhan Yojana is a voluntary pension scheme launched by the Ministry of Agriculture and Farmers’ Welfare in India. It is designed specifically for small and marginal farmers and offering them ₹3,000 per month as pension after 60 years of age. This means a guaranteed income of ₹36,000 annually to support farmers in their old age. Once they receive this benefit, they won’t have to worry about anything after the age of 60.
The unique part? Farmers registered under the PM-Kisan Nidhi Yojana are automatically eligible and enrolled into PM-KMY, without the need to submit a separate application. In other words, to receive this benefit, you must first register under the PM-KMY.
Key Highlights of PM Kisan Mandhan Yojana
| Feature | Details |
|---|---|
| Scheme Name | Pradhan Mantri Kisan Maandhan Yojana |
| Monthly Pension | ₹3,000 (after 60 years) |
| Annual Pension | ₹36,000 |
| Contribution Amount | ₹55 to ₹200/month (depending on age) |
| Eligibility | Small & marginal farmers (18–40 years old) |
| Automatic Enrollment | For PM-KISAN beneficiaries |
| Pension Starts | After completing 60 years of age |
| Mode of Contribution | Auto-debited from PM-Kisan payments |
| Scheme Administered By | LIC (Life Insurance Corporation of India) |
How Does the Pension Work?
Under this scheme, farmers contribute a small monthly amount during their working age (between 18 and 40 years).The most important point here is that you don’t have to deposit the money yourself initially—if you are receiving PM Kisan payments, the amount will be automatically deducted from there and added to this scheme.Once they reach 60 years, they start receiving a monthly pension of ₹3,000 for the rest of their life.
Example:
- A 30-year-old farmer would contribute ₹100 per month.
- The govt will match this contribution equally.
- After turning 60, the farmer will receive ₹3,000 monthly for life.
Who is Eligible for PM Kisan Mandhan Yojana?
- Must be a small or marginal farmer (owning cultivable land up to 2 hectares).
- Age should be between 18 to 40 years at the time of joining.
- Must be a beneficiary of PM-KISAN (although non-KISAN farmers can also register).
- Must have Aadhaar-linked bank account and valid mobile number.
- Should not be a taxpayer or part of any other pension scheme (e.g., EPFO, NPS).
Monthly Contribution Based on Age
| Age at Joining | Monthly Contribution (₹) |
|---|---|
| 18 years | ₹55 |
| 20 years | ₹76 |
| 25 years | ₹110 |
| 30 years | ₹166 |
| 35 years | ₹226 |
| 40 years | ₹200 |
How to Enroll in PM-KMY (If Not Auto-Enrolled)?
Step-by-Step Registration Process:
- At first visit your nearest Common Service Centre (CSC).
- Then provide Aadhaar card, landholding papers, and bank passbook.
- CSC operator will register you via the official PM-KMY portal.
- You will receive a confirmation SMS and digital pension card.
Online Registration: Visit https://maandhan.in and register using your Aadhaar and bank details.
Why Is Aadhaar and KYC Linking Important?
To avoid delays or stoppage of pension, ensure:
- Your mobile number is updated for SMS alerts.
- Your land records are accurate.
- Your bank account is Aadhaar-linked.
What Happens If a Farmer Dies Before 60?
- If the subscriber dies before 60, the spouse can continue the scheme.
- If the spouse opts out, the contributed amount with interest is refunded.
- After 60, in case of death, the spouse gets 50% pension as family pension.
Benefits of PM-KMY You Shouldn’t Miss
- Govt matches your contributions.
- Lifetime monthly pension after 60 years.
- Automatic enrollment for PM-KISAN farmers.
- Simple registration and secure returns.
- Backed by LIC, ensuring payout reliability.
FAQs
1. What is PM Kisan Maandhan Yojana?
It is a voluntary pension scheme for small and marginal farmers offering ₹3,000 monthly pension after 60 years of age.
2. Do I need to apply separately if I’m a PM-KISAN beneficiary?
No. Many PM-KISAN beneficiaries are auto-enrolled under PM-KMY. If your account is not auto-enrolled here, then you will need to enroll manually.
3. How can I check if I’m enrolled?
Visit https://maandhan.in and check using Aadhaar or mobile number.
4. What is the age limit to apply?
You can apply if you’re between 18 to 40 years old.
5. Can I leave the scheme midway?
Yes. You can exit anytime and your contributed amount with interest will be returned.
Conclusion
The PM Kisan Mandhan Yojana offers small and marginal farmers a secure financial future. With a minimal contribution, they can enjoy lifelong pension benefits after 60. It’s a golden opportunity to ensure dignity and financial freedom in old age. If you’re eligible, don’t miss out—enroll today and plan your future wisely.
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