PMKMY: Govt aims to enroll 2-cr farmers for pension scheme by Aug 15

The scheme entitles eligible farmers to receive monthly pension of ₹3,000 per month.

Published - August 11, 2019 04:48 pm IST - New Delhi

 Farmers holding up to 2 hectare farm land will be eligible for the PM-KMY scheme./ FIle

Farmers holding up to 2 hectare farm land will be eligible for the PM-KMY scheme./ FIle

The CSC e-Governance Services India, which manages over 3.5 lakh common service centres across the country, has set a target of enrolling 2 crore small and marginal farmers under the Pradhan Mantri Kisan Maan-Dhan Yojana by August 15.

The PM-KMY was launched by Agriculture Minister Narendra Singh Tomar in the national capital on Friday which entitles eligible farmers for monthly pension of ₹3,000 per month.

“I have asked all village level entrepreneurs (VLEs) who run over 2-lakh CSCs in villages across India to register at least 100 small and marginal farmers by Independence Day (August 15). All our CSCs will remain open on Independence Day also to complete the target of registering at least 2 crore farmers by Independence Day,” CSC CEO Dinesh Tyagi said on Sunday.

The Ministry of Agriculture and Farmers’ Welfare has roped in CSC, a special purpose vehicle under the Ministry of Electronics and IT, as exclusive “enrolling agency” for enrollment of subscribers.

Mr. Tyagi said enrolment process is very simple. Any eligible farmer who wants to join the scheme can visit his nearest CSC along with his Aadhaar card and bank passbook or account details.

Village Level Entrepreneurs who manage CSCs, will complete online registration process after taking all relevant details of farmers.

“After the authentication process is completed, the enrolled farmer will be informed and his PM-KMY Pension Card with a unique Pension Account Number will be generated. Under the PM-KMY, which was announced in the Budget 2019-20, a monthly pension of ₹3,000 will be provided to eligible farmers on attaining the age of 60,” Mr. Tyagi said.

The scheme is being implemented across the country. Farmers holding up to 2 hectare farm land will be eligible for the PM-KMY scheme.

The PM-KMY is a voluntary and contribution-based pension scheme for farmers in the age group of 18 to 40 years. Farmers will have to make a monthly contribution of ₹55 to ₹200 depending on the age of entry in the pension fund till they reach the retirement age of 60 years.

The central government will make an equal contribution of the same amount in the pension fund.

Farmer’s spouse is also eligible to get a separate pension of ₹3,000 upon making separate contribution to the fund. In case of death of the farmer before the retirement date, the spouse may continue with the scheme. If the spouse does not wish to contribute, the total contribution made by the farmer along with interest will be paid to the spouse, Mr. Tyagi said.

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