This Image Show in Pension Coverage for Crores of Farmer
Overview
This pension scheme covers all Small and Marginal Farmers (SMF) across the country.
Entry age of 18 to 40 years with a provision of min. fixed pension of ₹ 3000⟋- on attaining the age of 60 years.
A beneficiary farmer is required to contribute ₹ 100⟋ - per month at median entry age of 29 years. The Central Government shall contribute to the Pension Fund an equal amount as contributed by the eligible farmer.
After the subscriber՚s death, while receiving pension, the spouse of the SMF beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension, provided he⟋she is not already an SMF beneficiary of the Scheme.
If the death of the subscriber happens during the period of contribution, the spouse shall have the option of continuing the Scheme by paying regular contribution.
Farmers can opt to allow his⟋her monthly contribution to the Scheme to be made from the benefits drawn from the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme directly.
Alternatively, a farmer can pay his monthly contribution by registering through Common Service Centres (CSCs) under MeitY.