Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)
Ministry of Agriculture and Farmers Welfare
Pradhan Mantri Kisan Maandhan Yojana is a voluntary pension scheme for small and marginal farmers aged 18 to 40 with up to 2 hectares of land. Farmers contribute Rs 55 to Rs 200 a month, matched equally by the government, to receive a fixed Rs 3,000 monthly pension after age 60.
Key facts
- Nodal ministry
- Ministry of Agriculture and Farmers Welfare
- Level
- Central
- Launched
- 2019
- Last date
- Open all year.
What you get
A voluntary, contributory pension scheme giving small and marginal farmers a fixed monthly pension of Rs 3,000 after age 60. Farmers contribute Rs 55 to Rs 200 a month based on entry age, matched equally by the central government, with the spouse getting 50 percent as family pension.
Who is eligible
Small and marginal farmers aged 18 to 40 with cultivable landholding up to 2 hectares, not covered under any other statutory social security scheme and not income tax payees.
Documents you need
Aadhaar card, bank passbook, landholding or khatauni records, age proof
How to apply
Visit the nearest Common Service Centre with Aadhaar and bank passbook. The operator computes the monthly contribution based on entry age and sets up an auto-debit mandate from your bank account.
Frequently asked questions
Who is eligible for PM-KMY?
Small and marginal farmers aged 18 to 40 with cultivable landholding up to 2 hectares, not covered under any other statutory pension scheme.
How much pension does PM-KMY give?
A fixed monthly pension of Rs 3,000 after the farmer turns 60, provided contributions are paid regularly.
What happens to the pension after the farmer's death?
The spouse receives 50% of the pension as family pension, that is Rs 1,500 a month.
How do I enrol in PM-KMY?
Visit the nearest Common Service Centre with Aadhaar and bank passbook to enrol and set up the auto-debit mandate.
What is the PM-KMY monthly contribution?
Between Rs 55 and Rs 200 a month depending on the farmer's entry age, matched by an equal government contribution.