Skip to content
The TruePicture
Downloads
  • Twitter
  • Facebook
  • Linkedin
  • Youtube
  • Quora
Login
  • Home
  • Fact Check
  • Data Stories
  • Rama Returns
  • Manufacturing Opinions
  • Explained
    • International
    • National
    • STATE
      • Maharashtra
  • TTP Series
    • Institutions
      • Attack on Election Commission
      • Attack on Indian Judiciary
      • Attack on CBI
      • Attack on Armed Forces
    • Corruption Cases
      • National Herald Case
      • Agusta Westland Case
      • Aircel-Maxis Case
      • INX Media Case
      • Robert Vadra’s Case
      • Saradha Chit Fund Case
    • Mahagathbandhan
      • The Lies of Mahagathbandhan
      • The Kundli of Mahamilawat
      • Mahamilawat: Confusion and Contradictions
    • CONGRESS – THE RAHUL YEARS
      • ELECTORAL PERFORMANCE OF RAHUL GANDHI
      • THE IMAGINED ‘COMING OF AGE’ OF RAHUL GANDHI
      • EVALUATING RAHUL ON THE BASIS OF HIS STATEMENTS
    • NDA Vs. UPA
      • Story of Bulletproof Jackets
      • State’s Financial Health
      • Story of a Lost Decade
      • Middle Class of India
      • From Corruption to Clean-Up
      • Bad Economics to Good Economics
      • Through Media Headlines
      • Financial Mess to Financial Discipline
      • Farm Loan Waivers
  • Infographics
  • videos
  • More
    • OPINIONS
    • #Viral
    • Archives
  • Home
  • Fact Check
  • Data Stories
  • Rama Returns
  • Manufacturing Opinions
  • Explained
    • International
    • National
    • STATE
      • Maharashtra
  • TTP Series
    • Institutions
      • Attack on Election Commission
      • Attack on Indian Judiciary
      • Attack on CBI
      • Attack on Armed Forces
    • Corruption Cases
      • National Herald Case
      • Agusta Westland Case
      • Aircel-Maxis Case
      • INX Media Case
      • Robert Vadra’s Case
      • Saradha Chit Fund Case
    • Mahagathbandhan
      • The Lies of Mahagathbandhan
      • The Kundli of Mahamilawat
      • Mahamilawat: Confusion and Contradictions
    • CONGRESS – THE RAHUL YEARS
      • ELECTORAL PERFORMANCE OF RAHUL GANDHI
      • THE IMAGINED ‘COMING OF AGE’ OF RAHUL GANDHI
      • EVALUATING RAHUL ON THE BASIS OF HIS STATEMENTS
    • NDA Vs. UPA
      • Story of Bulletproof Jackets
      • State’s Financial Health
      • Story of a Lost Decade
      • Middle Class of India
      • From Corruption to Clean-Up
      • Bad Economics to Good Economics
      • Through Media Headlines
      • Financial Mess to Financial Discipline
      • Farm Loan Waivers
  • Infographics
  • videos
  • More
    • OPINIONS
    • #Viral
    • Archives
  • 35229ICMR Chief Busts Myths Surrounding Second COVID-19 wave in IndiaICMR Chief Busts Myths Surrounding Second COVID-19 wave in India 44 views
  • 16458How PM Modi is Making India an Educational HubHow PM Modi is Making India an Educational Hub 30 views
  • 35218Free Pass by the Media – Why Muted Criticism of Certain Administrations on Mismanagement of COVID-19?Free Pass by the Media – Why Muted Criticism of Certain Administrations on Mismanagement of COVID-19? 22 views
  • 35214While the Delhi CM Kept on Tweeting, Once Again the Centre Rushed to Save The National CapitalWhile the Delhi CM Kept on Tweeting, Once Again the Centre Rushed to Save The National Capital 21 views
  • 13202Is ‘Brand India’ Visible Now?Is ‘Brand India’ Visible Now? 18 views
  • 35209Latest Shift in Goalpost by Congress and Others – “Centre Abdicated Its Responsibility”Latest Shift in Goalpost by Congress and Others – “Centre Abdicated Its Responsibility” 17 views
Home
/
Explained
/
PM Kisan Maan Dhan Yojana – A Mega Pension Scheme for Indian Farmers
Facebook
Twitter
Google+
LinkedIn
Pinterest
Explained Featured National

PM Kisan Maan Dhan Yojana – A Mega Pension Scheme for Indian Farmers

By TTPAdmin
September 10, 2019 | TTP Desk
chat_bubble_outlineLeave a comment

PM Kisan Maan Dhan Yojana how to apply

I am a farmer. I continue to feed more than 130 crore Indians. But, is my life secure? Can my children also get a similar level of education and living standard as any other person employed in service industry in a city? What will happen to me after I retire? These are the questions that a farmer keeps asking himself and the governments.

Responding to these worries, the government in last 5 years has changed the way farmer development was seen in the country. Prime Minister Modi gave a call for doubling the farmer’s income. And, schemes launched by the government gave this call a life. Today, from irrigation to insurance and from seeds to national agriculture market, every aspect of a farmer’s life is touched by the government’s welfare initiative. In this series, another scheme is being rolled out. And, this is to secure farmer’s life after retirement.

PM Kisan Maan Dhan Yojana

Kisan Maan Dhan Yojana is an old-age pension scheme for small and marginal farmers who have not been covered under any other scheme.

Features of scheme

The scheme is voluntary and contributory for farmers in the entry age group of 18 to 40 years. For a monthly contribution of Rs. 55 to Rs. 200 depending on their age of entry, they will be getting a monthly pension of Rs. 3000 on attaining the age of 60 years. The union government will also make an equal contribution of the same amount in the pension fund. The spouse is also eligible to get a separate pension of Rs. 3000 upon making separate contributions to the pension fund.

The Life Insurance Corporation of India (LIC) will manage the pension fund for Pradhan Mantri Kisan Maan Dhan Yojana.

Convergence with PM-Kisan scheme

Under PM-Kisan, direct payment of Rs. 6000 per year is being transferred in three equal installments of Rs. 2000 every four months into the Aadhaar ceded bank accounts of eligible landholding Small and Marginal farmer families. And as in case of many other schemes, Modi government has found a convergence between these two schemes also.

The farmers, who are also beneficiaries of PM-Kisan Scheme, will have the option to allow their contribution debited from the benefit of that Scheme directly. In case of default in making regular contributions, the beneficiaries are allowed to regularize the contributions by paying the outstanding dues along with prescribed interest.

Entry age-specific monthly contribution

PM Kisan Maan Dhan Yojana how to apply

Source: pmkisan.gov.in

Enrolment for PM Kisan Maan Dhan Scheme

Initially, farmers can enroll in the scheme through Common Service Centres (CSCs) in various states. No fee is being levied on farmer for the enrolment. The CSCs will charge Rs. 30 per enrolment which will be borne by the government.

Later, more facilities through PM Kisan State Nodal Officers or online counters will be made functional for enrolment.

Why it is not just another scheme but a big reform

About 70% of rural households in India are primarily dependent on agriculture for their livelihood, of which more than 80% of farmers are small and marginal. It is thus inevitable to bring such a big proportion of the population under social security net. Government has, therefore, addressed the area which policymakers in India have for long continued to ignore.

Prime Minister Narendra Modi will reportedly launch this mega pension scheme for farmers on September 12, 2019 from Ranchi, Jharkhand. However, the registration for the scheme has already begun on August 09, 2019.

Registration opens for PM Kisan Maan Dhan Yojana; Union Agriculture Minister @nstomar urges farmers to register for the Pension Scheme.

Details here: https://t.co/2lUpzecJ1S pic.twitter.com/zUNTObGgc1

— PIB India (@PIB_India) August 9, 2019

Share
folder_openTagged in: Aadhar Link to Bank Account, Common Service Centre, Farmer Pension Yojana, Life Insurance Corporation of India, National Agriculture Market, Old Age Pension Scheme, Pension For Farmers Above 60 Years, PM Kisan Mandhan Pension Yojana, pm kisan scheme, Pradhan Mantri Kisan Maan Dhan Yojana, Prime Minister Modi, Prime Minister Narendra Modi, rs 6000 for farmers, Rural Households in India, Small And Marginal Farmers
TTP Admin

Written by TTPAdmin

Post navigation

Previous Post Previous Post India Raises Its Target in Restoration of Land Degradation – Is This Realistic?
Next Post Next Post India Welcomes Change – Compliance for Traffic Rules Increases

POPULAR ARTICLES

  • Ramayana – The Epic That Connects the Vast Geography of India August 4, 2020
  • How PM Modi is Making India an Educational Hub January 18, 2019
  • The Real Face of Periyar January 23, 2020
  • How Characters from the Ramayana Give us the Timeless Essence of Life August 4, 2020
  • Where There Is A Will, There Could be Delhi – Mumbai Expressway! July 19, 2019
Request for Factcheck
What we factcheck and what we don't?

Related Stories

Apr 23, 2021 0 Comments
India Fights Back Pandemic: An All-Out Effort to Supply the Medical Oxygen to Needy States
Apr 23, 2021 0 Comments
ICMR Chief Busts Myths Surrounding Second COVID-19 wave in India
Apr 22, 2021 0 Comments
Free Pass by the Media – Why Muted Criticism of Certain Administrations on Mismanagement of COVID-19?
Apr 22, 2021 0 Comments
While the Delhi CM Kept on Tweeting, Once Again the Centre Rushed to Save The National Capital
The TruePicture

Freedom – to opine, to write, to speak and to shape opinion – are at the foundations of healthy public discourse. Freedom is about variety and diversity. Diversity also means voices of all kinds and hues. While there’s data-based discourse, there’s also the clickbait style.

Downloads

  • Fact Check
  • Trending Stories
  • Infographics
  • video
  • Explained
    • International
    • National
  • About us
  • CONTACT US
Request for Factcheck
What we factcheck and what we don't?

  • Twitter
  • Facebook
  • Linkedin
  • Youtube
  • Quora
© 2019. thetruepicture. All Rights Reserved.