Note4Students
From UPSC perspective, the following things are important :
Prelims level: Pradhan Mantri Kisan Maan Dhan Yojana
Why in the News?
- The Ministry of Agriculture & Farmers Welfare has provided state-wise details of farmers registered under the Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY).
- Top Three States: Haryana (5,74,467), Bihar (3,45,038), Chhattisgarh (2,02,734).
- Bottom Three States/UT: Lakshadweep (72), Ladakh (114), Goa (150).
- Recently, the PMKMY (launched on 12th September 2019) has completed 5 successful years.
About Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY)
| Details | Type: Central Sector Scheme Objective: To provide a voluntary, contributory pension scheme for farmers aged 18–40 years, ensuring ₹3,000/month pension after they turn 60 years of age. |
| Implementation & Structural Mandate | Implemented by: Ministry of Agriculture and Farmers Welfare Pension Fund Manager: Life Insurance Corporation (LIC) of India State-wise Registration: Registered farmers are managed by the respective state governments in collaboration with LIC. The scheme encourages a structured approach involving the collection of contributions and government matching funds. Contribution: Farmers contribute between ₹55 and ₹200 per month, depending on their entry age. |
| Beneficiaries & Benefits | Beneficiaries: Farmers aged 18–40 years. Benefits: Assured pension of ₹3,000 per month post-60 years, matching contribution by the Government of India, administered by LIC. Exclusions: Income taxpayers, members of government pension schemes, and those already enrolled in other pension schemes. |
PYQ:[2020] In India, which of the following can be considered as public investment in agriculture? (2020)
Select the correct answer using the code given below: (a) 1, 2 and 5 only (b) 1, 3, 4 and 5 only (c) 2, 3 and 6 only (d) 1, 2, 3, 4, 5 and 6 |
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