Tuesday 17 May 2022
- Advertisement -

PM-KISAN pension: Farmers’ contribution to be Rs 100/month

The central government also will contribute an equal amount to the pension fund to be managed by the LIC, which will be responsible for the pension payout

New Delhi: Farmers will have to contribute Rs 100 per month under the Pradhan Mantri Kisan Pension Yojana (PM-KISAN) that seeks to provide a minimum fixed monthly pension of Rs 3,000 on the attainment of 60 years, according to the government.

The central government also will contribute an equal amount to the pension fund to be managed by the LIC, which will be responsible for the pension payout, it said.

The Modi 2.0 government in its first cabinet meeting had approved a separate pension scheme for farmers with an aim to cover 5 crore beneficiaries in the first three years, which would cost the exchequer Rs 10,774.5 crore per annum.

Discussing the new scheme with agriculture ministers through a video conference, Union Agriculture Minister Narendra Singh Tomar urged all States and Union Territories to roll out the programme at the earliest.

Tomar urged the states to start enrolling farmers in the age group of 18-40 years besides taking measures to create awareness about the scheme, an official statement said.

Under the PM-KISAN Pension, the minister said, “The beneficiary would be required to contribute Rs 100 per month at median entry age of 29 years.”

The central government will contribute an equal amount to the PM-KISAN pension fund to be managed by the LIC, which will be responsible for the pension payout.

Under this scheme, a minimum fixed pension of Rs 3,000 per month will be provided to the eligible small and marginal farmers subject to certain exclusion causes on attaining the age of 60 years.

Farmers can even choose to allow contribution to be made directly from the benefits drawn from the PM-KISAN scheme. There will also be an grievance redressal system for complete transparency.

On the first day of the second Narendra Modi government, which is popularly being referred to as “Modi 2.0”, it decided to extend the ambit of its welfare scheme PM-KISAN for farmers. The government will give Rs 6,000 annually to these farmers. Earlier, 12 crore farmers were covered under this scheme; the number has increased to 15 crore.

The Cabinet approved also a pension of Rs 3,000 per month for farmers older than 40 years of age. The scheme will benefit five crore farmers.

Sirf News on social media

7,521,057FansLike
30,596FollowersFollow
10,025SubscribersSubscribe

|

Similar Articles

Comments

0 0 votes
Article Rating

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments

Contribute to our cause

Sirf News needs to recruit journalists in large numbers to increase the volume of its reports and articles to at least 100 a day, which will make us mainstream, which is necessary to challenge the anti-India discourse by established media houses. Besides there are monthly liabilities like the subscription fees of news agencies, the cost of a dedicated server, office maintenance, marketing expenses, etc. Donation is our only source of income. Please serve the cause of the nation by donating generously.

Or scan to donate

Swadharma QR Code
Advertisment
Sirf News Facebook Page QR Code
Facebook page of Sirf News: Scan to like and follow

Most Popular

0
Would love your thoughts, please comment.x
()
x
[prisna-google-website-translator]
%d bloggers like this: