PM Kisan Mandhan Yojana Update – Central and state governments launch new schemes for the welfare of farmers. There’s also a government scheme that guarantees a monthly pension. You just need to join and understand the essentials. It’s called the PM Kisan Mandhan Yojana. Under this scheme, farmers will receive a monthly pension of ₹3,000.
Farmers seeking to secure a financially strong future need to keep a few important things in mind. Fulfilling specific requirements for joining the PM Kisan Mandhan Yojana is essential. Learn the essential details about this scheme in the article below, which will clear any confusion.
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How much will be received annually?
To join the PM Kisan Mandhan Yojana, farmers must be at least 18 years old and at most 40 years old. Important investment considerations must be made. Register with a bank and make monthly investments.
After the age of 60, a monthly pension of ₹3,000 will begin. This will generate an annual income of ₹36,000. Farmers will not face any financial difficulties in their old age. They will first need to make monthly investments.
Essential Criteria for the Scheme
Applicants must be between 18 and 40 years of age.
This scheme is only for small, marginal farmers. Farmers must have 2 hectares or less of cultivable land.
For this, the farmer must have a monthly income of ₹15,000 or less.
This is considered a voluntary and contributory pension scheme. Under this scheme, farmers are required to invest a monthly amount (between ₹55 and ₹200) according to their age until they reach the age of 60.
Upon reaching the age of 60, they begin receiving a monthly pension of ₹3,000.
Documents Required for the Scheme
Several essential documents are required for the PM Kisan Maandhan Yojana. These include:
Aadhaar card, bank account details (passbook), land ownership documents (khasra, khatauni),
identity card, passport-sized photo, and mobile number.