Under this scheme, farmers get a monthly pension of Rs 3,000 every month, know how to avail the benefits.

PM Kisan Maandhan Yojana: Central and state governments are running many schemes for financial help to farmers, of which PM Kisan Maandhan Yojana is the main one. This scheme secures the future of farmers by giving them monthly pension in old age. The best thing is that the farmers who are already getting the benefits of PM Kisan Samman Nidhi can easily avail double benefits of both the schemes by joining this pension scheme.

What is PM Kisan Maandhan Yojana?

Pradhan Mantri Kisan Maandhan Yojana is a special pension scheme for small and marginal farmers. Under this, after the age of 60 years, farmers get a guaranteed pension of Rs 3,000 every month. This money is given to elderly farmers to make them financially self-reliant and to help with their expenses.

Farmers will get double benefit

Farmers who are associated with PM Kisan Samman Nidhi can easily avail the benefits of Maandhan Yojana. Only the annual amount of Rs 6,000 received under PM Kisan can be used to pay the installments of the pension scheme. This helps farmers to arrange for old age pension without spending any money from their own pocket.

How to avail the benefits of PM Kisan Maandhan Yojana?

Farmers between the age of 18 to 40 years can join this scheme, in which a monthly contribution of Rs 55 to 200 has to be made depending on the age. The special thing is that whatever amount the farmer deposits, the government also matches the same amount. This money is deposited till the age of 60 years, for which farmers can use the money of PM Kisan Nidhi.

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After the age of 60, you will get Rs 3,000 every month

As soon as the farmer turns 60 years of age, he starts getting a pension of Rs 3,000 every month without any further contribution. Along with this, Rs 6,000 is also available annually under PM Kisan Yojana. In this way, by combining both the schemes, the total income of the farmer increases and he gets better financial security in old age.