PM Kisan: Farmers can get Rs.3,000 every month in their account by joining a scheme. Know about the scheme offered by the central government.
This scheme provides investment assistance of Rs.6,000 every year. The central government is providing investment assistance three times at the rate of Rs.2,000 once every four months. Apart from this, it also provides low interest agricultural loans through Kisan Credit Card Scheme. Apart from these, pension is being given to farmers through the PM Kisan Mandhan Yojana.
Pradhan Mantri Kisan Mandhan Yojana was launched by the Central Government in 2019. The aim of this scheme is to provide pension to the farmers in their old age. This scheme is applicable to farmers who are not covered by any social security schemes. Through this scheme farmers can get pension of Rs.3,000 per month in their old age. That means farmers can get a pension of Rs.36,000 per year.
There are certain eligibility criteria for joining the Pradhan Mantri Kisan Mandhan Yojana . Only farmers who have a farm of less than two hectares should join this scheme. Farmers who join this scheme have to pay some premium every month. Farmers between 18 years to 40 years of age can join this scheme.
Farmers after joining this scheme should deposit between Rs.55 to Rs.200 every month in the pension account depending on their age. If you join this scheme at a young age, the premium to be paid will be less. If you join at the age of 18, you have to pay a premium of Rs.55, if you join at the age of 30, you have to pay a premium of Rs.110, and if you join at the age of 40, you have to pay a premium of Rs.200. People above 40 years cannot join this scheme. Farmers have to pay premium till the age of 60 years.
Farmers get a pension of Rs. 3,000 per month from the central government on completion of 60 years. In case of death of a pensioner farmer, the government gives 50 percent family pension to the spouse. If the spouse does not want pension, the amount paid till then can be recovered with interest. If the spouse draws 50 per cent family pension, the nominee will get the money on the death of the spouse.
If the farmer dies during the policy period, his spouse can get pension by paying the remaining premiums. And after paying the premium for a few years in this scheme, if the farmers come out of the scheme, the government will refund the entire amount paid along with the interest.
