Pradhan Mantri Kisan Maan-Dhan Yojana
Funded in the 2026-27 Union Budget: Union Expenditure Budget 2026-27 (Feb 2026, Demand No. 1 (Department of Agriculture and Farmers Welfare), item 10 Pradhan Mantri Kisan Man Dhan Yojna, BE 2026-27 ₹120.00 crore; Notes item 10)
A voluntary pension for small and marginal farmers aged 18–40: you pay ₹55–₹200 a month until 60, the government pays the same amount, and you get ₹3,000 a month from age 60.
- Lead benefit
- ₹36,000a year
- Components
- 2each read from the document
- Who can apply
- 1kinds of applicant
- Closing date
- Noneapply any time
What it pays
A pension of ₹3,000 a month for life from age 60, if you own up to 2 hectares, join between 18 and 40, and pay your monthly contribution until 60.
What the document says, word for word
Only land-owning farmers with up to 2 hectares in the land records qualify (para 3(p)). Not for people in NPS, ESIC or EPFO, those who joined PM-SYM or PM-LVM, income-tax payers, government employees, constitutional post holders and registered professionals (para 5.1). If you die after 60, your spouse gets half the pension, ₹1,500 a month (para 6(xiv)). If you leave early, the government’s matching share is not paid to you (para 6(vii)).
“The Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) provides for an assured monthly pension of Rs. 3000/- to all land holding Small and Marginal Farmers (SMFs), whether male or female, on their attaining the age of 60 years.”Every month you pay ₹55 to ₹200 (fixed by your age when you join), the government puts the same amount into your pension account.
What the document says, word for word
Your monthly contribution by age at joining (para 6(x)): 18 → ₹55, 19 → ₹58, 20 → ₹61, 21 → ₹64, 22 → ₹68, 23 → ₹72, 24 → ₹76, 25 → ₹80, 26 → ₹85, 27 → ₹90, 28 → ₹95, 29 → ₹100, 30 → ₹105, 31 → ₹110, 32 → ₹120, 33 → ₹130, 34 → ₹140, 35 → ₹150, 36 → ₹160, 37 → ₹170, 38 → ₹180, 39 → ₹190, 40 → ₹200. The government adds the same amount. You may pay quarterly, every four months or half-yearly instead (para 6(ix)).
“The Central Government through the Department of Agriculture Cooperation and Farmers Welfare shall also contribute an equal amount as contributed by the eligible subscriber, to the pension Fund.”How much can I claim?
You may get ₹36,000 monthly from age 60 (₹3,000 a month); nothing is paid before 60
₹36,000 a year in 12 instalments
Only land-owning farmers with up to 2 hectares in the land records qualify (para 3(p)). Not for people in NPS, ESIC or EPFO, those who joined PM-SYM or PM-LVM, income-tax payers, government employees, constitutional post holders and registered professionals (para 5.1). If you die after 60, your spouse gets half the pension, ₹1,500 a month (para 6(xiv)). If you leave early, the government’s matching share is not paid to you (para 6(vii)).
Who can apply
- Small or marginal farmer
Papers you need
- Aadhaar card
- Bank passbook or bank account details
How to apply
- Go to your nearest Common Service Centre (CSC) with your Aadhaar card and bank passbook or account details (para 6(xvi)). You can also enrol through your district’s State Nodal Officer (para 6(xxx)).
- The CSC operator registers you online and fills an auto-debit mandate so your monthly contribution is taken from your bank account (para 6(xvii)–(xviii)).
- Sign the enrolment form and pay the first contribution; you receive a PM-KMY Pension Card with your Pension Account Number (para 6(xxi)–(xxiii)).
- If you get PM-KISAN, you may let your contribution be paid straight from your PM-KISAN money (para 6(iv)–(v)).
Applying is free. Never pay anyone to apply for you.
When to apply
The guidelines set no closing date.
Combining with other schemes
The documents do not say whether this can be combined with other schemes. Ask the implementing office before you count on both.