Farmers News: Farmers will get Rs 3000 by depositing Rs 55, know how?

The Government of India is running many schemes for the welfare of farmers, which include PM Kisan Samman Nidhi Yojna, Kisan Samridhi Kendra, Kisan Credit Card, and Pradhan Mantri Krishi Sinchai Yojana. The Ministry of Agriculture and Farmers Welfare has once again appealed to farmers across the country to join the PM Kisan Maan Dhan Yojana. About 10 days ago, information about starting the nomination process was shared by the ministry. PM Kisan Maandhan Yojana is a pension scheme, in which first a fixed amount has to be invested and then on completion of 60 years of age, the fixed amount is received as a pension. Young farmers can deposit Rs 55 monthly, after completing the prescribed age limit they will get Rs 3000 as pension.

According to the Ministry of Agriculture and Farmers Welfare, PM Kisan Maandhan Yojana is a voluntary and contribution-based scheme. The Central Government started the Pradhan Mantri Kisan Maandhan Yojana in the year 2019. The objective of the government was to provide economic benefits to small marginal farmers. All farmers between the age of 18 to 40 years can take advantage of this scheme. Different premiums have to be paid according to different age stages. Which ranges from Rs 55 to Rs 200. After attaining the age of 60 years, the farmers enrolled in the scheme get Rs 3,000 every month as pension (farmer pension scheme). If the beneficiary farmer taking advantage of this scheme dies due to any reason, then his wife is given half his pension i.e. Rs 1500 every month.

Option to deposit PM Kisan's amount in the scheme also
Husband and wife can also avail the benefits of PM Kisan Maandhan Yojana separately. Life Insurance Corporation of India has been appointed as the fund manager of the pension fund. LIC is responsible for the pension payment of farmers. Farmers can directly deposit the amount received under the PM Kisan Yojana as a contribution amount in the PM Kisan Maandhan Pension Scheme.

This is how money will be received on the death of the beneficiary
On the death of the beneficiary of PM Kisan Maandhan Yojana, his wife can continue the scheme by depositing the contribution amount in the scheme and she can get the benefit of pension. If the husband and wife do not want to continue with the scheme, the total contribution amount along with interest will be returned to them. In such a situation, the benefit of the interest rate applicable to the savings account will be given. If the beneficiaries make regular contributions for 5 years and want to close the scheme after that, then LIC Bank will return the money to the beneficiaries along with interest based on the savings account interest rates.

How much money will have to be deposited every month?
To avail of the benefit of Rs 3000 every month under PM Kisan Maandhan Yojana, a beneficiary of 18 years of age will have to deposit Rs 55 every month.
The beneficiary will have to contribute Rs 100 per month at the average entry age of 29 years. Then he will get Rs 3000 every month after the age of 60.
A beneficiary with an average age of 40 years will have to deposit Rs 200 monthly, then after the age of 60 years, he will get Rs 3000 as a pension every month.

Note that the Central Government will also deposit the same amount in their pension fund account as per the amount deposited by the beneficiaries every month.

How to Apply For PM Kisan Samman Nidhi Yojna
To get pension benefits through PM Kisan Maandhan Yojana, one can apply by filling out the online form through Kisan Jan Seva Kendra.
Farmers can also submit their application form for PM Kisan Maandhan Yojana in the office of the designated nodal officer of PM Kisan Yojana.
To avail of the benefits of the Kisan Maandhan Yojana, eligible farmers can apply directly on the official website of maandhan. in.
To avail of the benefits of the scheme, eligible farmers can register themselves on the official website of Maandhan Yojana, maandhan.in.
Registration for Maandhan Yojana can also be done through Common Service Centres.
To avail of the benefits of PM Kisan Maandhan Yojana, no fee has to be paid for registration.
The Central Government pays Rs 30 per registration to the Shared Service Centres.

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