Skip to main content
Loading page, please wait…
HomeCurrent AffairsEditorialsGovt SchemesLearning ResourcesUPSC SyllabusPricingAboutUPSC AI ToolsUPSC AI ToolAI for UPSCUPSC ChatGPT

© 2026 Vaidra. All rights reserved.

PrivacyTerms
Vaidra Logo
Vaidra

Top 7 items + smart groups

UPSC GPT
New
Mains Evaluator
Test Generator
Geography Lab
New
Current Affairs
Daily Solutions
Daily Puzzle

Version 2.0.0 • Built with ❤️ for UPSC aspirants

Pradhan Mantri Kisan Maandhan Yojana — Govt Scheme for UPSC | Vaidra
  1. Home
  2. Prepare
  3. Government Schemes
  4. Pradhan Mantri Kisan Maandhan Yojana

Pradhan Mantri Kisan Maandhan Yojana

Ministry of Agriculture & Farmers WelfareactiveagricultureLaunched: 2019-08-09

About the Scheme

Central sector pension scheme providing ₹3,000 monthly pension to farmers after age 60. Partnership with LIC.

Target Beneficiaries: 18.8 lakh farmers registered. Small and marginal farmers with up to 2 hectares land eligible.

Implementing Agency: Ministry of Agriculture & Farmers Welfare (through LIC as fund manager and CSCs for enrollment)

Official Website →

✦Key Features

  • Voluntary and contributory pension scheme.
  • Assured monthly pension of Rs. 3000 after attaining 60 years of age.
  • Matching contribution by the Central Government.
  • Spouse is also eligible to join the scheme separately.
  • Enrollment through Common Service Centres (CSCs).

✓Eligibility Criteria

  • Small and Marginal Farmers (SMFs) owning cultivable land up to 2 hectares.
  • Age between 18 and 40 years.
  • Must not be covered under any other statutory social security schemes like NPS, EPF, ESIC etc.
  • Not a beneficiary of any other government-funded pension scheme.

★Benefits

  • Assured monthly pension of Rs. 3000 upon attaining the age of 60 years.
  • Provision for family pension for the spouse upon the death of the pensioner.
  • Option to voluntarily exit the scheme and receive accumulated contributions with interest.
  • Financial security and social protection for farmers in their old age.

▶Application Process

  • Visit the nearest Common Service Centre (CSC) with required documents.
  • Provide Aadhaar number, bank account details, and land records.
  • Complete the registration process and auto-debit mandate form for monthly contributions.
  • A unique Kisan Maandhan Pension Account Number will be generated.
  • A Kisan Maandhan Card will be issued.

₹ Budget Allocation

100

Funding Ratio (Centre:State): 50% by Subscriber : 50% by Central Government

Exam Relevance

GS Paper: GS2

Prelims Relevance8%
Mains Relevance8%

Syllabus Tags

Farmer welfare schemesSocial security for unorganised sectorAgricultural policiesRural developmentFinancial inclusionGovernment initiatives for farmers

Historical Context

Launched in September 2019 to provide a safety net to small and marginal farmers who have no other source of pension.

Exclusion Criteria

  • Farmers covered under any other statutory social security schemes like NPS, ESIC, EPFO
  • Income Tax payers
  • Large farmers (owning more than 2 hectares)
  • Professionals like Doctors, Engineers, Lawyers

Challenges

  • Inflation eroding the future value of the fixed pension
  • Reluctance of young farmers to lock in funds for 20-40 years
  • Inadequate awareness in remote rural areas
  • Dependence on PM-KISAN for premium continuity

Reforms & Recommendations

  • Introduce an inflation-indexed pension amount
  • Allow partial withdrawal for medical emergencies
  • Increase awareness campaigns through local Panchayats

Performance Statistics

Metric

23.38 Lakh

Source: PIB/Ministry of Agriculture

Critical Analysis

PM-KMY is a significant step toward social security for the most vulnerable segment of the farming community—Small and Marginal Farmers (SMFs). While it addresses the lack of old-age financial security, its voluntary-contributory nature is a hurdle. Low-income farmers often prioritize immediate consumption over long-term savings. The convergence with PM-KISAN (allowing auto-debit of premiums) is a smart administrative move, but the challenge remains the low real-term value of Rs. 3,000 per month twenty years from now due to inflation.

SDG Linkages

SDG 1: No PovertySDG 2: Zero HungerSDG 10: Reduced Inequalities

Constitutional Backing

Article 41 - Right to work, to education and to public assistance in cases of old ageArticle 43 - Living wage, etc., for workers

Technology Used

Digital enrollment portalDBT (Direct Benefit Transfer)Aadhaar-linked authentication

Success Stories

Effective Enrollment Drive

Key Takeaways

  • Age group: 18 to 40 years
  • Fixed monthly pension of Rs. 3,000 after age 60
  • Spousal pension (50%) available in case of death of the pensioner
  • Managed by LIC

Mains Answer Fodder

Use as an example of 'Universal Social Security' in agriculture. Points to highlight: 1. Eligibility (18-40 years). 2. Voluntary and contributory nature. 3. 50:50 contribution by Farmer and Central Government. 4. Administration by LIC as the Pension Fund Manager.

Convergence Schemes

  • PM-KISAN (for premium payment)
  • CSC (Common Service Centres) for enrollment

Sector Tags

AgricultureSocial SecurityFinancial Inclusion