General Studies for Exams: PM Kisan Maan Dhan Yojana (PM-KMY).
Points to remember.
Voluntary and contribution based Pension scheme for farmers.
Launched by Prime Minister at Ranchi in September 2019.
Beneficiaries: all landholding Small and Marginal Farmers (with land holdings are less than 2 hectares of land).
A fixed pension of Rs.3,000/- to beneficiaries.
Eligibility: farmers of the age between 18 and 40 years.
The Life Insurance Corporation of India (LIC) shall be the Pension Fund Manager.
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 contributionof the same amount.
Beneficiaries of PM-Kisan Scheme can allow their contribution debited from the benefit of that Scheme directly.
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