PM Kisan Maan-Dhan Yojana (PM-KMY)

Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) is a dedicated old-age social security and pension scheme brought by the Ministry of Agriculture and Farmers Welfare, Government of India. Designed specifically for Small and Marginal Farmers (SMFs) who cultivate up to 2 hectares (approx 5 acres) of land, the scheme guarantees a lifelong monthly pension of ₹3,000 after attaining 60 years of age, ensuring agricultural families have an assured cash cushion in their post-retirement years.

PM-KMY operates on a 50:50 matching contribution principle. Eligible farmers between the ages of 18 and 40 make a small monthly contribution between ₹55 and ₹200 (based on their entry age), and the Central Government deposits an exact matching 100% equal contribution directly into the pension fund. A major farmer-friendly innovation in PM-KMY is that farmers already receiving ₹6,000 per year under PM-KISAN can simply opt to have their monthly pension contribution auto-debited directly from their PM-KISAN installments, requiring zero out-of-pocket cash payments.

Detailed benefits under PM-KMY include: 1. Fixed ₹3,000 Monthly Pension: Lifelong guaranteed income of ₹3,000 per month (₹36,000 annually) deposited directly into the farmer's bank account. 2. Dual Scheme Synergy with PM-KISAN: Instead of depositing cash every month, farmers can check a single box on the portal authorizing the bank to deduct the small monthly contribution (e.g. ₹100/mo) from their ₹2,000 PM-KISAN installment. 3. Family Pension for Surviving Spouse: In the unfortunate event of the farmer's death during the pension payout phase, the spouse receives a 50% family pension of ₹1,500 every month for life. 4. Both Husband & Wife Can Enroll: If both husband and wife are landholders and eligible, both can enroll independently and receive ₹3,000 each (total ₹6,000/month) after age 60. 5. Secure Exit Terms: If a farmer wishes to leave the scheme within 10 years, the entire contribution is refunded with savings bank interest. After 10 years, the fund's actual higher compound interest rate is paid out.

To be eligible for PM-KMY, farmers must meet the following conditions: • Target Group: Must be a Small and Marginal Farmer (SMF). • Landholding Limit: Must own cultivable agricultural land up to 2 hectares (5 acres) as per state land revenue records. • Entry Age: Must be between 18 and 40 years of completed age. • Exclusions: Farmers who are already covered under other statutory social security schemes like National Pension System (NPS), Employees' State Insurance (ESIC), EPFO (PF), or PM-SYM, as well as institutional landholders, active income-tax payers, and constitutional post holders are excluded.

The enrollment documentation is simple: 1. Farmer's Aadhaar Card (mandatory for eKYC). 2. Land Revenue Ownership Record (Khatauni / Khasra / Jamabandi / 7/12 extract showing cultivable land up to 2 hectares). 3. Bank Account Passbook copy (must be Aadhaar-seeded; ideally the same account where PM-KISAN is received). 4. Active Mobile Number. 5. Nominee Details (Spouse/Child name and Aadhaar details).

• Aadhaar Card of the farmer
• Land Revenue Records (Khasra, Khatauni showing landholding up to 2 hectares / 5 acres)
• Savings Bank Account Passbook or PM-KISAN beneficiary account details (with IFSC)
• Registered Mobile Number linked with Aadhaar
• Auto-Debit Mandate Form (or PM-KISAN auto-debit consent)

You can enroll in PM-KMY easily through 2 modes: Mode 1 — Through Nearest Common Service Centre (CSC) (Instant): Step 1: Visit your nearest village CSC center with your Aadhaar Card, Bank Passbook, and Land Khatauni. Step 2: The CSC operator enters your Aadhaar number, performs biometric fingerprint verification, and fetches your land details. Step 3: Choose whether you want to pay contributions via bank auto-debit or directly deduct from your PM-KISAN account. Step 4: The auto-debit mandate is printed, signed by you, scanned, and uploaded. Step 5: Pay the first month's contribution (or authorize PM-KISAN debit). Your unique Kisan Pension Card with your 12-digit Pension Account Number is generated instantly. Mode 2 — Self Registration on maandhan.in: Visit maandhan.in, click 'Enrollment' -> 'Self Enrollment', enter your mobile number and OTP, input land and bank details, select auto-debit consent, and complete payment.

The PM-KMY scheme is open for enrollments 365 days a year. Farmers are encouraged to enroll early before turning 40 to lock in lower monthly contribution slabs.

• Submitting landholding records exceeding 2 hectares (5 acres) — land revenue databases are integrated with PM-KISAN records and will disqualify large landholders. • Allowing bank accounts to default on monthly contributions without opting for the PM-KISAN auto-debit link (pension account lapses after multiple unpaid installments, though it can be reactivated by paying arrears). • Entering inaccurate spouse or nominee details at enrollment.

Opt for the PM-KISAN auto-debit option during enrollment to ensure you never miss a monthly contribution. Verify that your name on the Land Khatauni matches your Aadhaar card perfectly.