The Common Service Centre (CSC), a part of national e-governance scheme under the Central government, has set a target of enrolling 2 crore small and marginal farmers under the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) by August 15. PM-KMY, a central sector social security scheme administered by the Agriculture Ministry, was launched by Agriculture Minister Narendra Singh Tomar.
- Under PM-KMY, announced in the Budget 2019-20, a monthly pension of Rs 3,000 will be provided to eligible farmers on attaining the age of 60.
- The Ministry has roped in CSC, a Special Purpose Vehicle under the Ministry of Electronics and IT (MEITY), as exclusive "enrolling agency" to enrol subscribers.
- CSCs will remain open on Independence Day also to complete the target of registering at least 2 crore farmers by Independence Day.
- Noting that the enrolment process was very simple, any eligible farmer who wants to join the scheme can visit his nearest CSC along with his Aadhaar card and bank passbook.
- After the authentication process is completed, the enrolled farmer will be informed and his PM-KMY pension card with a unique pension account number will be generated.
- The PM-KMY scheme is being implemented across the country, including Jammu and Kashmir and Ladakh (both newly created Union Territories).
- Farmers holding up to 2 lakh hectare farm land will be eligible for the PM-KMY scheme.
- PM-KMY is a voluntary and contribution-based pension scheme for farmers in the age group of 18 to 40 years. Farmers will have to make a monthly contribution of Rs 55 to Rs 200 depending on the age of entry, in the pension fund till they reach the retirement age of 60 years.
- The Central government will make an equal contribution of the same amount in the pension fund.
- Spouse is also eligible to get a separate pension of Rs 3,000 upon making separate contribution to the fund.
- In case of death of the farmer before the retirement date, the spouse may continue with the scheme.
- If the spouse does not wish to contribute, the total contribution made by the farmer along with interest will be paid to the spouse.