General Studies for Exams: PM Kisan Maan Dhan Yojana (PM-KMY).

Points to remember.

1. Voluntary and contribution based Pension scheme for farmers.
2. Launched by Prime Minister at Ranchi in September 2019.
3. Beneficiaries: all landholding Small and Marginal Farmers (with land holdings are less than 2 hectares of land).
4. A fixed pension of Rs.3,000/- to beneficiaries.
5. Eligibility:  farmers of the age between 18 and 40 years.
6. The Life Insurance Corporation of India (LIC) shall be the Pension Fund Manager. 
7.  Farmers 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- 60 years.The Central Government will also make an equal contribution of the same amount.
8. Beneficiaries of PM-Kisan Scheme can allow their contribution debited from the benefit of that Scheme directly.