Over 24.96 lakh farmers have joined the Pradhan Mantri Kisan Maandhan Yojana since its launch in 2019. On its 7th anniversary (12 September), here's everything a small or marginal farmer needs to know to secure a pension.
What Is PM-KMY?
Pradhan Mantri Kisan Maandhan Yojana is a voluntary pension scheme for small and marginal farmers - those with cultivable landholding of up to 2 hectares. Farmers contribute a small monthly amount during their working years, the Central Government matches it rupee-for-rupee, and from age 60 the farmer receives a guaranteed ₹3,000 every month for life. If the pensioner passes away, the spouse gets a family pension of ₹1,500/month (50% of the pension), provided they aren't already a PM-KMY beneficiary themselves.
Who Can Join?
- Small and marginal farmers, male or female
- Age 18 to 40 years at enrolment
- Name must appear in land records as on 1 August 2019
- Landholding up to 2 hectares
Who Cannot Join
- Already enrolled in NPS, ESIC, EPFO, or similar schemes
- Beneficiaries of PM-SYM (labourers' pension) or PM-LVM (traders' pension)
- Institutional landholders
- Current/former MPs, MLAs, Ministers, Mayors, or other constitutional post holders
- Government/PSU employees (except Group D / MTS staff, who remain eligible)
- Income taxpayers
- Registered professionals - doctors, engineers, lawyers, CAs, architects
Eligibility is based on self-declaration. A false declaration disqualifies the applicant from benefits, and contributions are refunded without interest.
How Much Do You Pay?
(Shared 50-50 with Government)
Younger you join, the less you pay each month:
PM-KMY Monthly Contribution Chart
The farmer and Central Government contribute equal amounts. Pension begins at age 60.
| Entry Age | Pension Age | Farmer's Contribution (₹/month) | Government Contribution (₹/month) | Total Contribution (₹/month) |
|---|---|---|---|---|
| 18 | 60 | 55 | 55 | 110 |
| 19 | 60 | 58 | 58 | 116 |
| 20 | 60 | 61 | 61 | 122 |
| 21 | 60 | 64 | 64 | 128 |
| 22 | 60 | 68 | 68 | 136 |
| 23 | 60 | 72 | 72 | 144 |
| 24 | 60 | 76 | 76 | 152 |
| 25 | 60 | 80 | 80 | 160 |
| 26 | 60 | 85 | 85 | 170 |
| 27 | 60 | 90 | 90 | 180 |
| 28 | 60 | 95 | 95 | 190 |
| 29 | 60 | 100 | 100 | 200 |
| 30 | 60 | 105 | 105 | 210 |
| 31 | 60 | 110 | 110 | 220 |
| 32 | 60 | 120 | 120 | 240 |
| 33 | 60 | 130 | 130 | 260 |
| 34 | 60 | 140 | 140 | 280 |
| 35 | 60 | 150 | 150 | 300 |
| 36 | 60 | 160 | 160 | 320 |
| 37 | 60 | 170 | 170 | 340 |
| 38 | 60 | 180 | 180 | 360 |
| 39 | 60 | 190 | 190 | 380 |
| 40 | 60 | 200 | 200 | 400 |
Contribution is auto-debited from your bank account. You can also choose to route your PM-KISAN benefit directly toward PM-KMY contributions, so no separate payment is needed. Payment frequency is flexible: monthly, quarterly, four-monthly, or half-yearly - whatever suits your income cycle.
How to Enrol - Step by Step
- Visit your nearest Common Service Centre (CSC) with your Aadhaar card, bank passbook, and mobile number (for OTP).
- Village Level Entrepreneur (VLE) verifies your details and registers you online.
- You sign the auto-debit mandate; the first contribution is paid digitally on the spot.
- You receive a Pension Account Number and pension card. Your details go to LIC, which manages the fund and pays out pensions.
Why This Matters for Farmers in Our Region
Many small and marginal farmers spend a lifetime without any formal old-age income security. PM-KMY offers a low-cost, government-backed way to build a guaranteed pension- for as little as ₹55 a month if you join young. With enrolment nationally crossing 24.96 lakh and steadily growing, awareness at the local level - through CSCs and community outreach - remains key to more farmers benefiting from it. Farmers in our area who qualify are encouraged to visit their nearest CSC and enrol before the next contribution cycle.
Quick Facts
- Launched: 12 September 2019 — completes 7 years on 12 September 2026
- Pension: ₹3,000/month, guaranteed for life from age 60
- Enrolment so far: 24,96,252 farmers (as of 6 February 2026)
- Top states: Haryana (~5.75 lakh), Bihar (3.46 lakh+), followed by Jharkhand and Uttar Pradesh (2.5 lakh+ each), Chhattisgarh (2 lakh+)
- Government spend: ₹540.66 crore utilised since 2019
- Runs through: Life Insurance Corporation of India (LIC)
Source: Press Information Bureau (PIB), Ministry of Agriculture & Farmers Welfare, Government of India - 11 September 2026