There are a large number of such poor farmers in the country, who have to face many problems at the economic level in making a living. At the initial stage of their age, these farmers earn their living by farming and labor. However, they do not have any source of earning during old age. Keeping this problem of poor farmers in mind, the Central Government is running PM Kisan Maandhan Yojana. This scheme has been started by the Central Government to secure the future of the farmers. Under PM Kisan Maandhan Yojana, poor farmers are given a pension of three thousand rupees every month after the age of 60. Only those farmers whose age is between 18 to 40 years can apply in this scheme. The investment amount is decided based on the age at which you apply for the scheme.
The investment amount ranges from Rs 55 to Rs 200 per month. If you apply for this scheme at the age of 18 years, you will have to invest Rs 55 every month. You have to make this investment till you turn 60. After the age of 60, you will get a pension of three thousand rupees every month.
The benefit of PM Kisan Maandhan Yojana is available to those small and marginal farmers who have less than 2 hectares of land. If the beneficiary farmer dies under the scheme. In this situation, 50 percent of the amount will be given to his wife every month.
If you have more than 2 hectares of land then you cannot avail the benefit of this scheme. At the same time, farmers who contribute to NPS also do not get the benefit of this scheme. Farmers taking benefits of ESIC and EPFO also cannot avail the benefits of this scheme.
The process of application for PM Kisan Maandhan Yojana is quite easy. You will not have to face any kind of problems with this. You can start investing by visiting your nearest CSC center and opening your account in the scheme.
(PC: ISTOCK)
