Kisan Pension Scheme: Farmers can save less than ₹2 daily and receive a monthly pension of ₹3,000 upon reaching the age of 60..

Farmers who toil in the fields every day to feed the nation experience a decline in physical strength as they age. They can no longer work in the fields as vigorously as they did in their youth. Lacking a steady source of income, small farmers often face financial anxiety in their old age. To alleviate this concern, the Central Government introduced the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY). By saving less than two rupees a day, farmers can secure a monthly pension of ₹3,000 after turning 60. A key feature of the scheme is that the government contributes an amount equal to the premium paid by the farmer.

The PM-KMY guarantees a monthly pension to small and marginal farmers, similar to the pension benefits enjoyed by government employees. The scheme aims to make farmers self-reliant; receiving a pension ensures they do not have to depend on others for financial support, thereby preserving their dignity.

Who can invest in the Kisan Maandhan Yojana?

The Kisan Maandhan Yojana is designed for small and marginal farmers. Farmers owning 2 hectares (approximately 5 acres) or less of cultivable land are eligible to avail the benefits of this scheme. Applicants must be between 18 and 40 years of age. However, farmers who are already beneficiaries of other government social security schemes—such as EPFO, NPS, or ESIC—are not eligible to register for the Kisan Maandhan Yojana.
Contribute ₹55 per month, receive a monthly pension of ₹3,000

The most significant advantage of this scheme is its very nominal premium. Contributions range from ₹55 to ₹200 per month, depending on the farmer's age. For instance, an 18-year-old farmer joining the scheme would need to deposit only ₹55 per month. A monthly contribution of ₹55 translates to a daily saving of less than ₹2 (approximately ₹1.83). Such a small saving—without burdening the budget—guarantees a monthly pension of ₹3,000 (or ₹36,000 annually) in old age. Enrolling in the Kisan Maandhan Yojana at a later age requires the farmer to contribute a higher amount from their own pocket. For instance, if a farmer joins the scheme at the age of 40, they are required to make a monthly contribution of ₹200. The pension fund is managed entirely by the Life Insurance Corporation of India (LIC), ensuring that the money remains 100% secure.

**Care for the Family and Spouse**
The Kisan Maandhan Yojana is not limited to the farmer alone; it also extends social security to their family. If the beneficiary farmer passes away after attaining the age of 60 and while receiving the pension, their spouse will continue to receive 50% of the pension amount—i.e., ₹1,500 per month—as a family pension.

**Money Remains Safe Even Upon Early Exit**
If, for any reason, a farmer wishes to exit the scheme before the age of 60, their money remains fully secure:

*   **Exiting before 10 years:** The farmer receives a refund of the entire deposited principal amount along with interest calculated at the savings bank account rate.
*   **Exiting after 10 years but before the age of 60:** The farmer receives a refund of the deposited amount along with interest.
*   **In the event of death:** If the farmer passes away while making regular premium payments, their spouse has the option to either continue the scheme or withdraw the accumulated amount along with interest.

**How ​​to Register for Kisan Maandhan Yojana?**
Farmers can register for the Kisan Maandhan Yojana by visiting their nearest Common Service Centre (CSC) or by visiting the official portal at www.pmkmy.gov.in. Registration requires documents such as an identity proof, bank passbook, mobile number, and land records (such as *Khasra-Khatauni*).

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