Pradhan mantri kisan maan dhan yojana upsc launch date scheme kya hai list

The government started the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) to help small and marginal farmers get social security when they get older. The PM-KMY helps farmers get money when they are old and don't have any other way to make a living or very little or no savings to pay for their needs.

Pradhan mantri kisan maan dhan yojana launch date

The KM-KMY will start on August 9, 2019. Even though the government helped farmers with their income and prices, it was thought they needed a safety net when they got old because they might lose their way of life. Farming is hard work in the fields, and getting old makes it hard to do the work on the farm.

The problem is worse for small and poor farmers because they don't have any savings or very little. So, the government set up the PM-KMY to give guaranteed monthly pensions to small and marginal farmers over 60 years old, whether they are men or women.

Pradhan mantri kisan maan dhan yojana upsc | Pradhan mantri kisan mandhan yojana list**

Characteristics of PM-KMY

The Life Insurance Corporation of India (LIC) works with the Department of Agriculture, Cooperation, and Farmers' Welfare in the Ministry of Agriculture and Farmers' Welfare to run the PM-KMY.
The LIC is in charge of managing the pension fund and paying out pensions under the PM-KMY.
The PM-KMY is a pension plan for India's small and marginal landowners based on regular, voluntary contributions.
The small and small-scale farmers can pay their voluntary contribution to the PM-KMY directly from the money they get from the PM-KISAN scheme.
Under the PM-KMY, the Central Government puts in the same amount to the pension fund as the eligible farmer through the Department of Agriculture Cooperation and Farmers Welfare.

Pradhan mantri kisan maan dhan yojana scheme

The benefits of PM-KMY**

Under the PM-KMY, small and marginal farmers who reach the age of 60 get a fixed pension of at least Rs.3,000 per month unless they don't meet certain criteria. It is a pension plan that people can join if they want to. Eligible farmers must put between Rs. 55 and Rs. 200 into a Pension Fund every month, depending on their age when they join.

The Central Government also pays the Pension Fund the same amount as the farmers. When the farmer eligible for the pension dies, the farmer's spouse can get 50% of the pension as a family pension. But the family pension is only for the farmer's partner.

pradhan mantri kisan mandhan yojana kya hai

PM-KMY Eligibility Requirements

According to the land records of each State/UT, small and marginal farmers who own up to 2 hectares of land that can be farmed are eligible. The farmers should be between the ages of 18 and 40.

The PM-KMY doesn't cover the following types of farmers:

The Employees' State Insurance Corporation scheme, the National Pension Scheme (NPS), the Employees' Fund Organization scheme, and other statutory social security schemes cover small and marginal farmers.
The Ministry of Labour and Employment is in charge of the Pradhan Mantri Shram Yogi Maan Dhan Yojana (PM-SYM) for farmers who have signed up for it.
Farmers who signed up for the Pradhan Mantri Laghu Vyapari Maan-Dhan Yojana (PM-LVM), run by the Ministry of Labour and Employment.
The scheme's benefits cannot be given to the following people who have a higher economic status.
All institutional landholders, current and former holders of constitutional posts, current and former Ministers, Chairpersons of District Panchayats, Mayors of Municipal Corporations, State Ministers, and Members of Rajya Sabha, Lok Sabha, State Legislative Councils, and State Legislative Assemblies.
People who paid taxes on their income in the last assessment year.
Engineers, doctors, Chartered Accountants, lawyers, and architects registered with their professional bodies and practice.
All retired and serving employees and officials of the Central or State Government, Depts and their field units, Ministries and connected offices, Central or State PSEs and autonomous institutions within the government, and employees of the Local Bodies (Excluding Class IV/Multi Tasking Staff/Group D staff).

Process for applying for PM-KMY

People can sign up for PM-KMY both online and in person. The farmer can sign up for PM-KMY online by signing up for himself on the MAANDHAN portal. The PM-KMY doesn't cost anything to join.

Here's how to sign up for PM-KMY without going online:

Small and marginal farmers who are eligible for the PM-KMY should go to the nearest Common Service Center (CSC) and apply for it with the following documents:
Savings bank account number, IFSC code, and Aadhaar card
The first amount should be the Village Level Entrepreneur in cash (VLE).
For online authentication, the VLE will enter the subscriber's name, Aadhaar number, and date of birth as they appear on an Aadhaar card.
The VLE will finish the online registration for the PM-KMY by filling in information about the eligible farmer's phone number, bank account, spouse (if any), email address, and nominee.
Depending on the farmer's age, the online system will automatically figure out how much the farmer needs to pay each month.
The first payment for the subscription must be made in cash to the VLE.
The subscriber should sign the printed Enrollment cum Auto Debit mandate form. The same will be scanned by the VLE and put online.
The Kisan Card will be printed, and a unique Kisan Pension Account Number (KPAN) will be made.