Farmers can now benefit from PM Kisan Maan Dhan Yojana, under which they can get Rs 36,000 per year in 12 monthly installments of Rs 3,000 per month after retirement. This scheme is valid for any farmer who is registered under Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KSNY). This scheme will provide financial assistance in the form of monthly pension to the farmers above 60 years of age registered under the Pradhan Mantri Kisan Samman Nidhi Yojana.
A farmer has to start investing in the scheme for at least 20 years before getting the benefits. A farmer can start investing in this scheme from the age of 18 to get pension. Farmers of 18 years will have to contribute Rs 55 per month, those above 30 years will have to contribute Rs 110 per month, while farmers above 40 years will have to invest Rs 200 every month to get benefits after retirement .
How to enroll in PM Kisan Man Dhan Yojana?
A farmer who is registered under Pradhan Mantri Kisan Samman Nidhi Yojana can also enroll for Kisan Maan Dhan Yojana.
The farmer should have less than two hectares of cultivable land.
To apply under PM Kisan Maan Dhan Yojana, the farmer does not need to provide additional documents.
PM Kisan Samman Nidhi Yojana provides annual cash transfer of Rs 6000 to farmers in three equal installments. The first installment is between April-July, the second installment is between August-November and the third installment is between December-March. The 10th installment was released on January 1, 2022, on the occasion of the new year. Now the 11th installment is also going to come soon in the bank accounts of the farmers.