18 C
New Delhi
Thursday 21 November 2019
India PM-KISAN pension: Farmers' contribution to be Rs 100/month

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


- Advertisment -

Subscribe to our newsletter

You will get all our latest news and articles via email when you subscribe

The email despatches will be non-commercial in nature
Disputes, if any, subject to jurisdiction in New Delhi

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 state 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 online 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 poor 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.

Leave a Reply


Anil Ambani: From Status Of Tycoon To Insolvency

Study the career of Anil Ambani, and you will get a classic case of decisions you ought not take as a businessman and time you better utilise

तवलीन सिंह, यह कैसा स्वाभिमान?

‘जिस मोदी सरकार का पांच साल सपोर्ट किया उसी ने मेरे बेटे को देश निकाला दे दिया,’ तवलीन सिंह ने लिखा। क्या आपने किसी क़ीमत के बदले समर्थन किया?

Rafale: One Embarrassment, One Snub For Opposition

Supreme Court accepts Rahul Gandhi's apology for attributing to it his allegation, rejects the review petition challenging the Rafale verdict

Guru Nanak Jayanti: What First Sikh Guru Taught

While Guru Nanak urged people to 'nām japo, kirat karo, vand chhako', he stood for several values while he also fought various social evils

Muhammed Who Inconvenienced Muslims

Archaeologist KK Muhammed had earlier got on the nerves of the leftist intelligentsia for exposing their nexus with Islamic extremists
- Advertisement -


JEE: Why no Bangla, asks CM; you opted out, reminds guv

The JEE used to be conducted in English alone for a long time. Then they added Hindi. This year, Gujarati is a regional language in which questions can be answered

NRC across India, says Shah; not in West Bengal, retorts Banerjee

Home Minister Amit Shah said the NRC exercise would be undertaken across India, but Bengal CM Mamata Banerjee wouldn't allow it in her State

CISF nabs Raja Babu-style ‘pilot’ during his 16th impersonation

Rajan Mahbubani, after being arrested by CISF and handed to Delhi Police, confessed he had a fetish for masquerading as various professionals

The cumin in your kitchen may be spurious

Delhi Police has busted a gang that made fake cumin, sourcing raw material from UP and selling the spurious product in Gujarat and Rajasthan

Pollution: MPs dump other Indians in favour of farmers

Farmers dominated Manish Tewari's arguments in the debate on pollution in Delhi-NCR though stubble disposal machines are subsidised already

You might also likeRELATED
Recommended to you

For fearless journalism

%d bloggers like this: