Government has started registrations process for the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY), which was announced during the Budget 2019-20. Under this scheme, a monthly pension of Rs 3,000 will be provided to eligible farmers on attaining the age of 60.
Addressing a press conference here at Krishi Bhawan today, Union Agriculture Minister Narendra Singh Tomar appealed to farmers across the country to join the old age pension Scheme, adding that it has been envisioned with an aim to improve the life of small and marginal farmers of the country. The Minister said that the operational guidelines have been shared with the states and Agriculture Secretary Sanjay Agarwal conducted a Video Conference with States in this regard to ensure proper information dissemination and speedy implementation of the Scheme.
Tomar elucidated the salient features of scheme given here:
1. According to the minister, the scheme is voluntary and contributory for farmers in the entry age group of 18 to 40 years and a monthly pension of Rs 3000/- will be provided to them on attaining the age of 60 years.
2. The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age of entry, in the Pension Fund till they reach the retirement date i.e. the age of 60 years.
3. The Centre will also make an equal contribution of the same amount in the pension fund, he said, adding that the spouse is also eligible to get a separate pension of Rs 3000/- upon making separate contributions to the Fund…..Read more>>