Prime Minister Narendra Modi on Thursday launched ‘Kisan Maan dhan Yojana’ or PM-KMY and urged the farmers to join the old age pension scheme. The Prime Minister also inaugurated various development projects in Ranchi, Jharkhand.

  • Under the Kisan Maan dhan scheme, small and marginal farmers, who have attained the age of 60, will get a minimum pension of Rs 3,000 per month
  • ‘The scheme has an outlay of Rs 10,774 crore for the next three years,’ Centre stated

Under the ‘Kisan Maan dhan yojana’, small and marginal farmers, who have attained the age of 60, will get a minimum pension of Rs 3,000 per month.

Kisan Maan dhan Yojana

Important Information About Maan dhan Yojana:

  • All small and marginal farmers, who are currently aged between 18 and 40 years, are eligible to avail the benefits.
  • The scheme has an outlay of Rs 10,774 crore for the next three years,” the government stated.
  •  Monthly contributions by the farmers to avail the pension scheme can be made from the instalments of PM-KISAN (Kisan Samman Nidhi) or through CSCs (Common Service Centers). Farmers, who are beneficiaries of PM-KISAN scheme, can also enroll for this scheme.



  •  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. The Central government will also make an equal contribution of the same amount in the pension fund.
  •  The scheme is being implemented across the country, including Jammu & Kashmir and Ladakh. Farmers holding up to 2 hectare farm land will be eligible for the PM-KMY scheme.
  •  Any eligible farmer who wants to join the scheme can visit his nearest CSC along with his Aadhaar card and bank passbook or account details. Village Level Entrepreneurs (VLEs), who manage CSCs, will complete online registration process after taking all relevant details of farmers.
  •  Farmer’s spouse is also eligible to get a separate pension of Rs 3,000 upon making separate contribution to the fund.
  • The Life Insurance Corporation of India (LIC) will manage the activities of the scheme.

The cargo terminal, which was inaugurated online by the prime minister from Ranchi, has been built by Inland Waterways Authority of India on River Ganga at Sahibganj.

It will have a cargo storing capacity of 30 lakh tonne per year, a stockyard and parking and berthing space for two vessels.

‘This water terminal in Jharkhand will not only connect the area to the rest of India but also to other countries. After this terminal the tribal brothers and sisters and farmers will be able to send their products to markets in the whole country easily,’ PM said