Ministry of Agriculture & Farmers Welfare
Registration opens for PM Kisan Maan Dhan Yojana; Union Agriculture Minister urges farmers to register for the Pension Scheme
for the PM Kisan Maan Dhan Yojana begins today said Shri Narendra Singh
Tomar, Union Minister for Agriculture & Farmers Welfare, while
addressing a Press Conference in Krishi Bhawan, New Delhi today.
Appealing farmers across the country to join the old age pension Scheme,
the Minister said that the scheme 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 Shri. Sanjay Agarwal conducted a Video
Conference with States in this regard to ensure proper information
dissemination and speedy implementation of the Scheme.
the salient features of Scheme, Shri. Tomar said that 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. 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. The Central Government will also make an equal contribution of
the same amount in the pension fund. The spouse is also eligible to get a
separate pension of Rs.3000/- upon making separate contributions to the
Fund. The Life Insurance Corporation of India (LIC) shall be the
Pension Fund Manager and responsible for Pension pay out.
Minister stated that, in case of death of the farmer before retirement
date, the spouse may continue in the scheme by paying the remaining
contributions till the remaining age of the deceased farmer. If the
spouse does not wish to continue, the total contribution made by the
farmer along with interest will be paid to the spouse. If there is no
spouse, then total contribution along with interest will be paid to the
nominee. If the farmer dies after the retirement date, the spouse will
receive 50% of the pension as Family Pension. After the death of both
the farmer and the spouse, the accumulated corpus shall be credited back
to the Pension Fund. The beneficiaries may opt voluntarily to exit the
Scheme after a minimum period of 5 years of regular contributions. On
exit, their entire contribution shall be returned by LIC with an
interest equivalent to prevailing saving bank rates.
farmers, who are also beneficiaries of PM-Kisan Scheme, will have the
option to allow their contribution debited from the benefit of that
Scheme directly. In case of default in making regular contributions, the
beneficiaries are allowed to regularize the contributions by paying the
outstanding dues along with prescribed interest. The initial enrollment
to the Scheme is being done through the Common Service Centres in
various states. Later on alternative facility of enrollment through the
PM-Kisan State Nodal Officers or by any other means or online enrollment
will also be made available. The enrollment is free of cost. The Common
Service Centres will charge Rs.30/- per enrolment which will be borne
by the Government.
There will be appropriate grievance
redressal mechanism of LIC, banks and the Government. An Empowered
Committee of Secretaries has also been constituted for monitoring,
review and amendments of the Scheme.
Shri Tomar also
said that under the Pradhan Mantri Kisan Samman Nidhi the target of 10
crore beneficiaries for this year will be achieved. The Minister added
that till date, 5, 88,77,194 and 3,40,93,837 farmers’ families have
availed 1st and 2nd instalments respectively under the PM-Kisan Scheme.