PM Kisan Maandhan Yojana

By Imran Khan29 Jun 2026

Last Updated

July 2026 Fact Checked By: Schemewala Editorial Team

Quick Summary

Detail	Information
Scheme Name	Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)
Ministry	Ministry of Agriculture & Farmers Welfare
Target Audience	Small & Marginal Farmers (Age 18-40)
Benefit	Guaranteed ₹3,000/month pension after Age 60
Fund Manager	LIC of India

About the Scheme

PM-KMY is a voluntary and contributory pension scheme specifically for small and marginal farmers. Farmers pay a small premium (between ₹55 and ₹200 per month depending on their entry age), and the Central Government deposits an exact matching amount into the pension fund.

High-Value Insider Info: Auto-Debit Tricks & The Exit Trap

The PM-KISAN Auto-Debit Hack: Most farmers forget to pay their monthly PM-KMY premiums and their accounts get frozen. If you are already receiving the ₹6,000/year under the PM-KISAN scheme, you can sign a mandate form. The government will automatically deduct your PM-KMY premium directly from your PM-KISAN installment. You never have to worry about missing a payment.
The Exit Trap (Hidden Rule): If you decide you don't want the pension anymore, you can exit the scheme after 5 years. LIC will refund your money with savings bank interest. However, you will permanently lose the government's 50% matching contribution. The government takes its share back.
The 50% Spouse Rule: If the farmer dies after age 60, the spouse will receive exactly 50% of the pension (₹1,500/month). No other family member (like a son or daughter) is eligible for this family pension.

Eligibility Criteria

Small and Marginal Farmers holding cultivable land up to 2 hectares.
Age must be between 18 and 40 years.
Exclusion: You are completely ineligible if you are an income tax payer, hold a constitutional post, or are already covered under NPS, ESIC, or EPFO.

Self-enrollment can be done at maandhan.in.
However, the most reliable method for rural farmers is to visit the nearest Common Service Centre (CSC).
Take your Aadhaar Card, Savings Bank Passbook, and Khasra/Khatauni (land records).
Pay the first month's premium in cash to the Village Level Entrepreneur (VLE) at the CSC. The VLE will generate your unique PM-KMY Pension Card instantly.