Pradhan Mantri Kisan Maan-Dhan Yojana

Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) is a Central Sector, voluntary and contributory pension scheme for landholding Small and Marginal Farmers. Subscribers pay a small monthly contribution between age 18 and 40, the Central Government matches it, and a minimum assured pension of ₹3,000 a month is paid for life from age 60.

Any Small or Marginal Farmer aged 18 to 40 who personally owns cultivable land up to 2 hectares, recorded in the State/UT land records as on 1 August 2019, is eligible — unless an exclusion applies.

Institutional landholders; present or former holders of constitutional posts, Ministers, MPs, MLAs, MLCs, Mayors or District Panchayat Chairpersons; serving or retired government officers/employees (except Multi-Tasking Staff/Class IV/Group D); income-tax payers in the last assessment year; practising doctors, engineers, lawyers, chartered accountants and architects; and anyone already covered under NPS, ESIC, EPFO, PM-SYM or PM-LVM.

A minimum assured pension of ₹3,000 per month, paid for life from the date the subscriber turns 60 (the "vesting date").

It depends on your age when you join — from ₹55 a month if you enrol at 18, rising in steps to ₹200 a month if you enrol at 40. Whatever rate applies at your entry age stays fixed until you turn 60.

Yes. The Central Government, through the Department of Agriculture, Cooperation and Farmers Welfare, deposits a matching contribution equal to your own into the pension fund every month, managed separately by LIC and used to fund the pension at vesting.

If a subscriber dies after their pension has started, the spouse receives 50% of the pension — ₹1,500 a month — for life, provided the spouse is not already a beneficiary of the scheme. Family pension applies only to the spouse.

Your spouse can either continue the scheme by paying the remaining contributions at the same rate (and receive the same ₹3,000/month pension from your original vesting date), or exit by taking back your contributions plus interest — whichever is higher of the fund’s earnings or the savings bank rate. The Government’s matching contribution is not paid out on a pre-mature exit; it returns to the Pension Fund.

Yes. If you exit within less than 10 years of joining, you get back only your own contributions, plus interest at the savings bank rate. If you exit after 10 years but before turning 60, you get back your own contributions plus interest — whichever is higher of the Pension Fund’s actual earnings or the savings bank rate. In both cases, the Government’s matching share is not paid to you; it goes back to the Pension Fund.

No. The Operational Guidelines expressly state there is no provision for commutation of pension under any circumstances — it is paid only as a monthly amount.

Visit your nearest Common Service Centre (CSC) with your Aadhaar card and bank passbook, or contact your State Nodal Officer. You can also register through the official portal, pmkmy.gov.in. The Village Level Entrepreneur completes your registration, you sign an auto-debit mandate, pay your first contribution, and receive a PM-KMY Pension Card with a unique Pension Account Number.

No. Enrolment at a CSC is free for the farmer. CSCs are paid ₹30 per enrolment by the Department of Agriculture, Cooperation and Farmers Welfare directly — this is not charged to the subscriber.

Yes. If you are already a PM-KISAN beneficiary, you can sign a consent (auto-debit mandate) allowing your PM-KMY contribution to be deducted directly from the bank account where your PM-KISAN instalments are credited.

A missed payment is retried on the next payment cycle. Within one month of the first unpaid contribution, you can regularise the account by simply paying what is due — no late fee. After that, arrears attract interest/late fee at the rate the Government notifies from time to time. If contributions stay unpaid for six months, the account is marked dormant; you can still regularise it any time within three years by paying the outstanding dues with interest.

The Life Insurance Corporation of India (LIC) is the Pension Fund Manager and is responsible for the monthly pension pay-out. IDBI Bank acts as the Sponsor Bank for routing the auto-debit contributions.

As of 6 August 2024, 23.38 lakh farmers had registered under PM-KMY, according to a Press Information Bureau backgrounder (September 2024). Bihar, Jharkhand and Uttar Pradesh had the highest state-wise registrations at that point. No more recent official enrolment figure has been published.