Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY)

Current Context : Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) has completed five years of its implementation.

ABOUT PRADHAN MANTRI KISAN MAAN-DHAN YOJANA (PM-KMY)

• Launched on September 12, 2019.
• Aim : to provide social security to all land-holding Small and Marginal Farmers (SMFs) across the country.
• Target Group: Small and marginal farmers aged between 18 and 40 years.
• Landholding Criteria: Farmers with landholdings of up to 2 hectares.
• Income Ceiling: Farmers with an annual income of less than ₹2 lakh.
• Monthly Pension: ₹3,000 per month will be given after the age of 60.
• As of August, 2024, a total of 38 lakh farmers have joined the scheme.
• Under the scheme, Bihar leads with over 3.4 lakh registrations while Jharkhand ranks second with over 2.5 lakh registrations.