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PM Modi’s Farmers Pension Scheme assistance amount and eligibility criteria

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PM Kisan Pension Yojana Features
The salient features of PM Modi Kisan Pension Yojana 2019 are as follows:

  • PM Kisan Pension Scheme would be a voluntary and contributory pension scheme for all small and marginal farmers (SMF) across the country.
  • Farmers must belong to the age group of 18 to 40 years.
  • There is a provision of minimum fixed pension of Rs. 3,000 on attaining the age of 60 years.
  • For eg - a beneficiary farmer is required to contribute Rs 100 per month at median entry age of 29 years. The central govt. shall also make contribution to pension fund an equal amount as contributed by the eligible farmer.
  • After the subscriber’s death, while receiving pension the spouse of SMF beneficiary would receive 50% of pension received by beneficiary as family pension. For this, he / she must not already be an SMF beneficiary of the PM Kisan Pension Scheme.
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