The PM Kisan Maan Dhan Yojana comes up with the provision of pensions for farmers after the age of 60. Any farmer in the age group of 18 to 40 can opt for this scheme and get a monthly pension of Rs 3000 post 60 years of age. What farmers have to do is contribute Rs 55 to Rs 200 on a monthly basis. But the contribution is dependent on the age of those who choose the pension scheme. The provision is there that deductions will be made through the amount received via the PM Kisan scheme if the beneficiary chooses so.
Pradhan Mantri Kisan Maan DhanYojana is a voluntary and contributory pension scheme. The eligible farmer is required to contribute to a Pension Fund between Rs 55 to Rs 200 per month depending on the entry age. The Central Government also contributes in equal amount to the Pension Fund.
