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3000 Rs Per Month Pension For Farmers Register Now

3000 Rs Per Month Pension For Farmers Register Now

3000 Rs Per Month Pension For Farmers Register Now
3000 Rs Per Month Pension For Farmers Register Now
3000 Rs Per Month Pension For Farmers Register Now
Under the scheme, which was announced in the budget for 2019-20, a monthly pension of Rs 3,000 will be provided to small and marginal farmers in the age group of 18-40 years on attaining the age of 60.

Prime Minister Narendra Modi will launch the farmers’ pension scheme Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) from Ranchi on September 12 with a subscriber base of more than one million.

Under the scheme, which was announced in the budget for 2019-20, a monthly pension of Rs 3,000 will be provided to small and marginal farmers in the age group of 18-40 years on attaining the age of 60.

“PM will launch this scheme. Earlier, he had launched the PM Kisan Samman Nidhi minimum ..

The official said that farmers will have to make a monthly contribution of Rs 55-200, depending on the age of entry, in the pension fund till they reach the retirement date. “The central government will put in an equal contribution. This is an optional scheme,” he said.

Agriculture Minister Narendra Singh Tomar announced the launching of Pradhan Mantri Kisan Maan Dhan Yojana – a pension scheme for small and marginal farmers – in which the farmers would get a monthly pension of ₹ 3,000 once he or she would attain the age of 60.

The farmers, whose cultivable land is 2 hectares or less, can enroll for the scheme at the Common Service Centres (CSCs) in their neighbourhood and more than 400 farmers registered already early today, Tomar told a press conference here. The government is also planning to engage PM-Kisan state nodal offices in enrolling for the pension scheme at a later date.

The scheme is voluntary and contributory and would be available to farmers who are in the age group of 18 to 40 years. The farmers may need to make a monthly contribution of between ₹ 55 and ₹ 200 and the government would pay a matching amount, he said. The pension fund would be managed by LIC.

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