Agriculture is the backbone of India’s economy, with millions of farmers working hard to feed the nation. However, many small and marginal farmers struggle with financial insecurity due to low income, unpredictable weather, and lack of social protection. To address these challenges, the Government of India launched the Pradhan Mantri Kisan Mandhan Yojana (PM KMY) in 2019.
This pension scheme for farmers ensures that they receive a fixed monthly income of ₹3,000 after the age of 60, providing them with financial stability and dignity in old age.
What is PM Kisan Mandhan Yojana (PM KMY)?
The PM Kisan Mandhan Yojana is a voluntary pension scheme for small and marginal farmers. Farmers aged 18 to 40 years can enroll in the scheme by contributing a small monthly premium. After reaching 60 years of age, they receive a monthly pension of ₹3,000 for life.
In case of the farmer’s death, the spouse continues to receive the pension, and if both pass away, the accumulated contribution is returned to the nominee.
Key Features of PM Kisan Mandhan Yojana 2025
✅ Target Group: Small and marginal farmers owning up to 2 hectares of cultivable land.
✅ Pension Benefit: ₹3,000 monthly pension after 60 years of age.
✅ Eligibility: Farmers between 18–40 years who are not taxpayers or covered under similar schemes.
✅ Contribution Amount: Farmers contribute between ₹55 to ₹200 per month (depending on age), and the government matches the contribution.
- Example:
- At 18 years, contribution = ₹55/month (Govt pays ₹55 too).
- At 40 years, contribution = ₹200/month (Govt pays ₹200 too).
✅ Lifetime Benefits: Pension continues for the farmer’s lifetime, then to the spouse.
✅ Simple Enrollment: Farmers can register at Common Service Centers (CSCs) or nearby banks.
Objectives of PM Kisan Mandhan Yojana
- 🔹 Financial Security: To provide a steady income to farmers after retirement.
- 🔹 Reducing Rural Poverty: Supporting farmers with regular pension helps uplift rural communities.
- 🔹 Inclusive Development: Ensures small farmers are part of India’s social security net.
- 🔹 Women Empowerment: Female farmers also benefit from the pension, ensuring equality.
- 🔹 Boosting Rural Economy: Regular pension allows farmers to spend on healthcare, food, and essentials, strengthening local economies.
How PM Kisan Mandhan Yojana Works
- Enrollment: Farmers apply at CSC centers or designated banks with Aadhaar, land details, and bank account information.
- Premium Payment: Monthly contributions are auto-deducted from the farmer’s account, and the government pays an equal amount.
- Pension Start: After 60 years, the farmer receives ₹3,000 per month for life.
- Survivor Benefits: After the farmer’s death, the spouse continues to get the pension. After both pass away, the nominee receives the deposited contribution.
Benefits of PM Kisan Mandhan Yojana
- ✅ Financial Independence for farmers after retirement.
- ✅ Support for Women Farmers, ensuring economic empowerment.
- ✅ Long-term Social Security for rural India.
- ✅ Encourages Saving & Stability among small farmers.
- ✅ Boosts Rural Economy with steady income flow.
How to Apply for PM Kisan Mandhan Yojana 2025
Farmers can easily apply for PM KMY in a few steps:
- Visit your nearest CSC (Common Service Center) or designated bank branch.
- Carry Aadhaar card, landholding documents, and bank account details.
- Fill out the PM KMY enrollment form.
- Submit documents and pay the initial contribution.
- Receive your PM Kisan Mandhan Yojana card as proof of registration.
- Start receiving a ₹3,000 monthly pension once you turn 60.
Conclusion
The PM Kisan Mandhan Yojana 2025 is a landmark initiative to secure the future of small and marginal farmers in India. By offering a guaranteed monthly pension after retirement, the scheme ensures farmers live with dignity, financial independence, and security.
This pension scheme not only empowers farmers but also strengthens India’s rural economy and promotes inclusive social protection. Every eligible farmer should enroll in PM KMY to safeguard their future.