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Indian farmers are the backbone of the country, but their economic challenges also increase with increasing age. In such a situation, the government has started a scheme which provides strong support to the farmers after retirement. Let us know about the Pradhan Mantri Kisan Maandhan Yojana, which is working like a life saver for small farmers. By joining this scheme, lakhs of farmers are getting free from the worries of their old age.

Background and importance of the scheme

Not having a stable source of income as farmers grow older has been a major problem. Facilities like pension are rarely available in rural areas, due to which many families fall into poverty. Pradhan Mantri Kisan Maandhan Yojana, started in 2019, is the solution to this problem. The scheme targets small and marginal farmers who have limited earnings. Agriculture expert Dr. R.S. Sharma believes that “this scheme not only provides economic security, but also develops the habit of saving among the farmers, which will strengthen the rural economy in the long run.”

The impact of this scheme is profound. According to statistics, about 60% of farmers in India become incapable of working once they reach above 60 years of age. In such a situation, with the monthly pension, they can meet the medicines, household expenses and family needs. This not only provides relief at the individual level, but also improves the condition of the elderly in the entire society.

Who can take advantage of the scheme?

The scheme is designed for farmers who are between 18 to 40 years of age and whose monthly income is less than Rs 15,000. If you have less than 2 hectares of agricultural land and your name is registered in land records as of August 1, 2019, you are eligible. By joining the scheme, farmers get a fixed pension of Rs 3,000 every month after the age of 60 years.

An interesting thing is that the government itself adds an equal amount of the farmers’ contribution, which makes the fund grow faster. With this, farmers not only save money but also get double the benefits from government support. Agriculture Ministry data shows that as of August 6, 2024, more than 23.38 lakh farmers have joined the scheme, which shows that it is becoming popular in rural India.

How to contribute and how much?

To join the scheme, farmers have to make monthly contributions based on their age. If you are 18 years old, then you have to deposit only Rs 55 per month, whereas at the age of 40 this amount can reach Rs 200. This contribution is managed through LIC (Life Insurance Corporation), which ensures that the funds remain safe.

Agricultural economist Professor Meena Kumari says, “This small amount does not become a burden for the farmers, but is an investment for future security. This can save them from being dependent on debt or family.” To start contributing, you can register at the nearest CSC center or the agriculture department of the state government. The process is simple – apply with Aadhar card, bank details and land certificate.

Impact and future of the scheme

The stories of farmers who have joined this scheme are inspiring. For example, in many rural areas, elderly farmers are now taking care of minor expenses themselves from their pensions, which has reduced the pressure on families. But there are challenges too – many eligible farmers are still deprived of it due to lack of awareness. The government is now emphasizing on digital campaigns and going from village to village to connect people.

Overall, Pradhan Mantri Kisan Maandhan Yojana is a revolutionary step for farmers. It not only solves the current challenges, but can also become a model for future generations. If you are a farmer or know someone who is, get registered soon – future security starts today.