5 min read
Updated on Mar 14, 2023
The Pradhan Mantri Kisan Mandhan Yojana was launched to provide monetary coverage for the workers in the unorganized sector, including underprivileged farmers and other workers. The entry age in the plan is between 18 to 40 years. The plan is available if the worker/farmer willing to get coverage is not covered by any other government scheme.
The key categories of workers coming under this scheme include; domestic workers, street vendors, rag pickers, head loaders, cobblers, Rickshaw Pullers, landless labourers, agricultural or construction workers, people working for small industries etc. whose monthly income less than INR 15,000.
The Pradhan Mantri Kisan Mandhan Yojana was introduced exclusively for farmers in the small and marginal category and who do not own cultivable land beyond 2 hectares.
The age of the applicant should be within 18 to 40 years. Moreover, the names of such farmers should be there in the State land records as of August 1, 2019.
Let’s check the process to enrol in the Pradhan Mantri Kisan Maan Dhan Yojana:
The Pradhan Mantri Kisan Yojana was introduced to allow a pension scheme to workers in the unorganized sector and to underprivileged farmers. The plan allows these workers to get a certain amount of monetary security during their retirement when they turn 60 years.
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The minimum age of joining or entering the PMKMY 18 years, while the maximum age is 40 years. The person can contribute till the age of 60 years.
If an individual is already enrolled under a government scheme like EPFO, ESIC, or NPS, etc and if the person pays income tax, he/she is not eligible to register under this Scheme.
No, applicants are not required to provide separate proof for age and income to get registered under the Scheme. They are just required to provide Aadhar details. But, if an applicant offers false information, his/her application may get rejected and the person gets penalized.
The contribution to the PMKMY scheme can be done through a system of monthly auto-debit. Under this system, a monthly contribution amount is automatically deducted from the subscriber's registered bank account. However, the applicant has to make the first contribution in the form of cash payment while registering. Besides, the applicant can also choose to make the payment on a quarterly, semi-annually, or annual basis.
No, there are no additional costs involved, as it is a pure welfare scheme promoted by the Indian Government.
Yes, nomination facility is available under the Pradhan Mantri Kisan Sampada Yojana and the applicant can nominate anyone as the nominee.
No, there are no specific educational qualifications required by the applicant to join the Pradhan Mantri Kisan Mandhan yojana list.
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