The Indian government has run a government scheme for those people of the country who are troubled by financial crisis and struggle to live their lives. These schemes give special attention to women, the elderly and the underprivileged. One such scheme is Pradhan Mantri Kisan Samman Nidhi Yojana which plays an important role in securing the future of small and marginal farmers, let's know about these schemes-

Introduction to Kisan Mandhan Yojana

Launched in 2019, Kisan Mandhan Yojana is a pension scheme designed to provide financial security to farmers after reaching the age of 60 years.

Key features of the scheme

Monthly pension: Under the Kisan Mandhan Yojana, on completion of 60 years of age, they will start getting a monthly pension of Rs 3,000.

Eligibility: Farmers between the ages of 18 and 40 are eligible to apply for this scheme.

Premium Contribution: The premium amount for the scheme varies depending on the age of the farmer at the time of application:

Farmers applying at the age of 18 years will have to pay a premium of Rs 55 per month.

Farmers applying at the age of 40 years will have to pay a premium of Rs 200 per month.

This system ensures that young farmers contribute a smaller amount, giving them enough time to accumulate the required amount for their pension.

Disclaimer: This content has been sourced and edited from [samacharnama].