PM Kisan Pension: Farmers to contribute Rupees 100 in order to avail monthly pension

June 14, 2019 1:00 PM |

PM Kisan Pension Scheme

Prime Minister Narendra Modi during a video conference held recently with the agriculture ministers of States and Union Territories, requested them to ensure wider coverage of the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-Kisan) and the pension schemes that were recently launched for small and marginal farmers.

To this, Minister for Agriculture and Farmers’ Welfare said that the Centre plans to launch a village-level campaign to enrol an additional one crore farmers in Kisan Credit Card (KCC) scheme over the next 100 days.

As per the official statement, there are about 6.92 crore KCC holders and there are almost 14.5 crore operational landholdings. Under this scheme, farmers are eligible for an agricultural loan of up to Rs. 1.6 lakh. Bihar, Chhattisgarh, Gujarat, Jharkhand, Maharashtra and West Bengal are the major states that have poor KCC penetration.

PM Kisan is a centrally-sponsored income support scheme for farmers that would give them Rs. 6,000 per year in three equal instalments.

April onward, this scheme has been extended to all the farmers, irrespective of the size of landholdings. On similar grounds, the first Cabinet meeting of the NDA government announced a pension scheme that would give Rs. 3,000 monthly to small and marginal farmers from the age of 60 if they enroll between 18 and 40 years of age.

Under the Pradhan Mantri Kisan Pension Yojana, farmers will have to contribute Rs. 100 per month for the monthly pension. Also, the centre would match the farmer’s contribution to the pension fund to be managed by the LIC.

In the video conference, Mr. Narendra Singh Tomar urged all the States and Union Territories to roll out the programme at the earliest.

Farmers can also opt to allow the contribution to be made directly from the benefits drawn from the PM-Kisan scheme. There will also be an online grievance redressal system for complete transparency.

Image Credit: Money Control

Please Note: Any information picked from here must be attributed to skymetweather.com


For accurate weather forecast and updates, download Skymet Weather (Android App | iOS App) App.

Weather Forecast

Other Latest Stories

Weather on Twitter
#MumbaiRains: Few spells of rain and thundershowers over #Mumbai and Mumbai suburban during next 2- 4 hours.
Wednesday, September 18 09:18Reply
We expect moderate #rains at many places today as well. A few places in #Bihar might also witness isolated heavy sp… t.co/hq878Tddv7
Wednesday, September 18 08:42Reply
During the last two days, heavy rains have been experienced over hills of #Nepal. Therefore, water level in some ri… t.co/8FGglVMgy8
Wednesday, September 18 08:42Reply
Parts of #Bihar and #Jharkhand have received heavy #rains during the last 24 hours. While the state capital #Patnat.co/bBFwJvTHlI
Wednesday, September 18 08:41Reply
@abhimundra Kindly check this: t.co/i129igGSpD
Wednesday, September 18 01:03Reply
सितंबर 19 और 20 के आसपास मुंबई में मूसलाधार बारिश का दौर शुरू होने की उम्मीद है। लोनावला, माथेरान, महाबलेश्वर और अ… t.co/x4tDpaxFaO
Tuesday, September 17 20:55Reply
सितंबर 19 और 20 के आसपास मुंबई में फिर से मूसलाधार बारिश का दौर शुरू होने की उम्मीद है। पालघर, वाशी, ठाणे, खारघर,… t.co/Z2Fs4OqDVf
Tuesday, September 17 20:54Reply
सितंबर 19 और 20 के आसपास मुंबई में फिर से मूसलाधार बारिश का दौर शुरू होने की उम्मीद है। आगामी मूसलाधार बारिश के लिए… t.co/Emgyxbm9J9
Tuesday, September 17 20:53Reply
सितंबर 19 और 20 यानि गुरुवार तथा शुक्रवार के आसपास मुंबई में एक बार फिर से भारी से मूसलाधार बारिश का दौर शुरू होने… t.co/CBvI8g7TT4
Tuesday, September 17 20:52Reply
मुंबई के लिए स्काइमेट ने जारी किया रेड अलर्ट, 19 सितंबर को फिर दिखेगा मॉनसून का कहर, जलजमाव से यातायात में बढ़ेगी प… t.co/jddLQyBGjr
Tuesday, September 17 20:50Reply

latest news

Skymet weather

Download the Skymet App

Our app is available for download so give it a try