If farmers wish to secure their financial future during old age, the PM Kisan Mandhan Yojana offers a significant opportunity. The government of India has introduced several schemes to ensure the economic well-being of farmers, and this particular scheme is a major initiative aimed at providing long-term financial support.
By joining the , farmers can ensure a steady pension of ₹3,000 per month after the age of 60. This scheme is designed to provide a stable source of income in old age. However, to avail the benefits, there are some important conditions that farmers must meet.
Key Details of PM Kisan Mandhan YojanaThe PM Kisan Mandhan Yojana, launched by the central government, is a beneficial scheme for farmers. Here are the key conditions:
- The farmer’s age must be between 18 to 40 years to join.
- The younger the farmer joins, the lower the monthly investment required. For example, a farmer who joins at the age of 18 needs to contribute only ₹55 per month.
- Monthly contributions can range from ₹55 to ₹200, depending on the age of joining.
- Once the farmer turns 60 years old, they will start receiving a monthly pension of ₹3,000.
- If the farmer passes away, the spouse will receive the pension. If the spouse chooses not to take the pension, the amount deposited in the scheme, along with interest, will be returned to the family.
- The scheme provides a total of ₹36,000 annually.
To apply for the PM Kisan Mandhan Yojana, farmers need to provide the following documents:
- Aadhar card
- Identity card
- Bank account passbook
- Correspondence address
- Mobile number
- Passport size photo
Follow these steps to apply for the PM Kisan Mandhan Yojana:
By participating in the PM Kisan Mandhan Yojana, farmers can ensure financial security in their old age, making it a valuable scheme for long-term economic stability.
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