PM Kisan Maandhan Yojana: Start investing with ₹55 per month; get a ₹3,000 pension in old age

PM Kisan Maandhan Yojana: The Pradhan Mantri Kisan Maandhan Yojana provides a source of regular income in old age for small and marginal farmers; eligible beneficiaries receive a monthly pension of ₹3,000 after attaining the age of 60. To avail of this, farmers are required to make a monthly contribution ranging from ₹55 to ₹200, depending on their age.

PM Kisan Maandhan Yojana: Almost everyone worries about income as they age—especially when the body is no longer capable of working as it once did and there is no regular source of earnings. For farmers, this concern can be even greater, as their income relies heavily on agriculture. In this context, the Central Government's Pradhan Mantri Kisan Maandhan Yojana can offer significant relief to small and marginal farmers. Under this scheme, eligible farmers receive a monthly pension of ₹3,000.

However, this requires the farmer to make regular contributions based on their age. A farmer joining the scheme at the age of 18 needs to deposit only ₹55 per month. The Central Government deposits an equal amount into their pension account.

What is the Pradhan Mantri Kisan Maandhan Yojana?

The Pradhan Mantri Kisan Maandhan Yojana is a voluntary and contributory old-age pension scheme. It was launched on September 12, 2019. The scheme is administered by the Department of Agriculture and Farmers Welfare and is being implemented in collaboration with the Life Insurance Corporation of India (LIC). Eligible farmers receive a minimum monthly pension of ₹3,000 after reaching the age of 60.

According to the PIB, 2,496,252 farmers across the country had enrolled in the scheme by February 6, 2026. By February 2026, ₹540.66 crore had been utilized for the implementation and expansion of the scheme.

How does one get a ₹3,000 pension by depositing ₹55?

It is important to understand that not all farmers are required to pay only ₹55 per month. A farmer's monthly contribution depends on the age at which they join the scheme. If a farmer joins at the age of 18, they must deposit ₹55 per month; the Central Government will also deposit ₹55 into their account. Thus, a total of ₹110 will go into the pension fund each month. The farmer is required to make this contribution until the age of 60. Conversely, a farmer joining the scheme at the age of 40 will have to pay ₹200 per month, and the government will make an equal contribution of ₹200.

How much needs to be paid based on age?

In other words, the younger the farmer is when joining the scheme, the lower their monthly contribution will be.

How to apply for the PM Kisan Maandhan Yojana?

Eligible farmers can enroll in the scheme by visiting their nearest Common Service Center (CSC). An Aadhaar card, bank account details, and a mobile number are required for the application. The mobile number is used for OTP verification. The farmer's details are entered online at the CSC. An auto-debit mandate is obtained to facilitate the regular deduction of contributions from the bank account. After the first installment is deposited digitally, the farmer receives a pension account number and a pension card.

Subsequently, the fixed contribution is automatically deducted from the farmer's bank account. Farmers can choose to make contributions on a monthly, quarterly, quadrimestrial (every four months), or half-yearly basis. Eligible farmers also have the option to fund their PM-KMY contribution using the benefits received under the PM-KISAN scheme.

Which farmers can avail the benefits of the scheme?

Small and marginal farmers can participate in the PM Kisan Maandhan Yojana. At the time of application, the farmer's age must be between 18 and 40 years. The farmer must possess up to two hectares of cultivable land, and their name must be recorded in the land records of the respective state or union territory as of August 1, 2019.