17. Pension scheme for small and marginal farmers
Status: The government has launched the Pradhan Mantri Kisaan Maan-Dhan Yojana (PM-KMY), under which a fixed pension of Rs 3000 is being provided to the eligible small and marginal farmers on attaining the age of 60 years. It is a voluntary scheme for farmers in the age group of 18 to 40 years, under which a farmer is expected to make a monthly contribution of Rs 55 to Rs 200 per month with equal contribution coming in from the Union government. While the scheme aims to cover about 3 crore beneficiaries, only 23.36 lakh farmers had joined the scheme by June 2023. i ii