PMKMY (Pradhan Mantri Kisan Maan Dhan) is an old-age pension scheme for all landholding Small and Marginal Farmers (SMFs) in the country. It is a voluntary and contributory pension scheme for the entry age group of 18 to 40 years with a provision of payment of Rs. 3000 monthly pension on attaining the age of 60 years, subject to certain exclusion criteria.
What is PMKMY (Pradhan Mantri Kisan Maan Dhan)?
The PMKMY is a Central Sector Scheme, administered by the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers’ Welfare, Government of India in partnership with the Life Insurance Corporation of India (LIC)
The Government of India has introduced a voluntary and contributory pension scheme named PMKMY for landholding Small & Marginal Farmers to provide them with social security and a healthy and happy life after they reach their old age.
Under this scheme, a monthly pension of Rs.3,000 will be provided to all eligible Small and Marginal Farmers. Farmers between 18 and 40 years of age are eligible to join the scheme upon payment of monthly contribution between Rs.55 to Rs.200.
- Farmers holding not more than 2 hectares (5 Acres) farmland.
- The age group of 18 to 40 years.
- A monthly contribution of Rs. 55 to Rs. 200 depending on the age of entry. The central government will also make an equal contribution.
- Farmers availing PM Kisan Fund only have to give consent for deduction of monthly contribution from PM Kisan Fund. They need not pay any amount.
- Those farmers who are not covered under PM Kisan have to make payment of an initial contribution in cash to CSC and consent for monthly deduction through auto-debit from the farmer’s bank account.
- Farmers can register without Aadhaar in Assam, Meghalaya and J&K. However, Aadhaar will be provided after enrolment.
Other Features are similar to PMSYM.
- Farmers having more than 2 hectares of land.
- Income Tax Payee.
- Government Servant including retired, other than Class IV.
- MP / MLA / Minister or public representatives holding another post excluding Gram Pradhan.
What are the benefits of the scheme?
Under the scheme, the subscriber would receive the following benefits:
- Each subscriber under the Pradhan Mantri Kisan Maan Dhan Yojana shall receive a minimum assured pension of Rs. 3000 per month after attaining the age of 60 years.
- During the receipt of a pension, if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension provided he/she is not already a beneficiary of the scheme. Family pension is applicable only to a spouse.
- If a beneficiary has given a regular contribution and died of any cause (before age of 60 years), his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution or exit the scheme as per provisions of exit and withdrawal.
Entry Age-Specific Monthly Contribution
It is a scheme on a 50:50 basis where the prescribed age-specific contribution will be made by the beneficiary and the matching contribution by the Central Government.
pmkmy.gov.in Login Portal
- Firstly, go to the official website pmkmy.gov.in from here for PMKMY CSC login
- Now click on the “Login” button from the right top corner.
- You will be redirected to digital Seva portal where you have to enter username & password in order to sign in.
- That’s it; you will see the dashboard.
- Click on New Enrollment and enter basic details for the subscriber like Aadhaar number, Name, Phone Number, Address, DOB, Gender.
- Select farmer category and on the next page enter Bank and nominee details.
- Pay the monthly contribution amount and complete the auto-debit mandate to the bank account of the subscriber.
PMKMY CSC Registration
Enrollment in PMKMY Yojana is a simple and easy process. Free enrollment for the Scheme has started at all Common Service Centres across the country. The eligible beneficiaries may alternatively also enrol themselves by contacting physically the State Nodal Officers (SNOs) (or agencies designated by them) in their respective districts.
- The Eligible SMFs desirous of joining the scheme shall visit nearest Common Service Centre (CSC) along with his Aadhaar card and bank passbook or account details.
- The Village Level Entrepreneur (VLE) present at the CSC shall complete the on-line registration process after taking details of Aadhaar number, name, date of birth, spouse and nominee particulars, mobile number (optional), address and a few other details.
- The on-line registration process includes capturing of bank account particulars and completion of an auto-debit mandate to the bank account of the subscriber for debiting contribution amount to the subscriber’s bank account every month. The demand will be made by the sponsor bank/IDBI, on behalf of LIC of India.
- The data would be checked by the CSC through manual verification of bank particulars from supporting documents, demographic authentications of Aadhaar, etc.
- The mobile number (optional) given by the subscriber will be verified by the OTP verification process.
- The subscriber will authenticate the data in on-line generated enrolment form by putting his / her signature.
- The VLE will upload scanned copy of signed enrolment-cum-debit mandate form and thereafter enable his/her online payment of initial contribution and give him a receipt.
- At this stage, the online registration process would be complete and the system would generate a Pradhan Mantri Kisan Maan Dhan (PMKMY) Pension Card with a unique Pension Account Number prominently printed on it.
- Upon completion of the enrolment process and payment of initial contribution, an enrolment-cum-auto-debit-mandate form for taking consent of farmers for auto-debiting from their PM Kisan benefits through their bank accounts will be generated and signed
by the subscriber.
- CSC-SPV decentralised office would scan the signed enrolment-cum-auto-debit mandate form and upload the same to CSC-SPV system.
- Subsequent to this a pension card would be generated and given to subscriber as proof of pension account having been opened.
- The CSC-SPV centre would also return the original enrolment-cum-auto debit mandate form to the subscriber to be retained by him.
- The data of subscribers enrolled would be transferred by CSC-SPV to LIC on the next day for further process.
- The CSCs would charge Rs.30/- per beneficiary’s enrolment for the above services. The DAC&FW would reimburse the above charge to CSC for which it would raise a consolidated invoice for the purpose of the Department
When CSC Would Issue a Pension Card to the Subscriber?
Upon completion of the enrollment process at Common Service Centres (CSC), an enrollment-cum-auto-debit-mandate form will be generated for taking consent of those farmers who are also beneficiaries of PM Kisan Scheme for auto-debiting their PM Kisan benefits from their bank accounts and signed by the subscriber.
In respect of those farmers who are not beneficiaries of PM Kisan Scheme, the enrollment-cum-auto-debit-mandate form will be generated for taking their consent for auto-debiting their active bank accounts and signed by the subscriber.
The CSC Centres would scan the signed enrollment-cum-auto-debit mandate form and upload the same on the CSC system.
Subsequent to this a pension card would be generated and given to subscriber as proof of pension account having been opened.
What is the Process of Nomination Under the Scheme?
Every Subscriber shall appoint/nominate the spouse or dependants as Beneficiary or Beneficiaries under PMKMY Scheme to receive the benefits hereunder in the event of the death of the subscriber.
Every appointment / nomination to be made under this Rule shall be in writing signed by the subscriber and shall remain in full force and effect until the death of the Beneficiary or until the same will be revoked in writing by the subscriber by whom the same was made and a fresh appointment/nomination is made in the manner aforesaid.