PM Kisan Maan Dhan Yojana: Elucidating the salient features of Scheme, Shri. Tomar said that the scheme is voluntary and contributory for farmers in the entry age group of 18 to 40 years and a monthly pension of Rs. 3000/- will be provided to them on attaining the age of 60 years. The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age of entry, in the Pension Fund till they reach the retirement date i.e. the age of 60 years. The Central Government will also make an equal contribution of the same amount in the pension fund. The spouse is also eligible to get a separate pension of Rs.3000/- upon making separate contributions to the Fund. The Life Insurance Corporation of India (LIC) shall be the Pension Fund Manager and responsible for Pension payout.
The farmers, who are also beneficiaries of PM-Kisan Scheme, will have the option to allow their contribution debited from the benefit of that Scheme directly. In case of default in making regular contributions, the beneficiaries are allowed to regularize the contributions by paying the outstanding dues along with prescribed interest. The initial enrollment to the Scheme is being done through the Common Service Centres in various states. Later on alternative facility of enrollment through the PM-Kisan State Nodal Officers or by any other means or online enrollment will also be made available. The enrollment is free of cost. The Common Service Centres will charge Rs.30/- per enrolment which will be borne by the Government.
There will be appropriate grievance redressal mechanism of LIC, banks and the Government. An Empowered Committee of Secretaries has also been constituted for monitoring, review and amendments of the Scheme. Shri Tomar also said that under the Pradhan Mantri Kisan Samman Nidhi the target of 10 crore beneficiaries for this year will be achieved. The Minister added that till date, 5, 88,77,194 and 3,40,93,837 farmers’ families have availed 1st and 2nd instalments respectively under the PM-Kisan Scheme.
There will be appropriate grievance redressal mechanism of LIC, banks and the Government. An Empowered Committee of Secretaries has also been constituted for monitoring, review and amendments of the Scheme. Shri Tomar also said that under the Pradhan Mantri Kisan Samman Nidhi the target of 10 crore beneficiaries for this year will be achieved. The Minister added that till date, 5, 88,77,194 and 3,40,93,837 farmers’ families have availed 1st and 2nd instalments respectively under the PM-Kisan Scheme.