The government is continuing its efforts to provide financial security to small and 's name should appear in the relevant land records as prescribed under the scheme.

• The applicant must satisfy the scheme's exclusion criteria.

Farmers who are already covered by certain statutory social-security schemes, such as NPS, ESIC or EPFO, are among those excluded from the scheme.

How much does a farmer have to contribute?

The monthly contribution depends on the farmer's age when joining PM-KMY.

Younger subscribers generally have a lower monthly contribution period spread over a longer period, while those joining at an older eligible age contribute more.

The Central Government makes an equal contribution to the pension fund, effectively matching the farmer's contribution.

What pension does the farmer receive after 60?

Once the subscriber reaches 60 years of age and meets the applicable conditions, the farmer is entitled to a monthly pension of ₹3,000.

This translates to ₹36,000 per year.

The scheme is intended to provide a regular source of income during old age, particularly for small and marginal farmers who may not have substantial retirement savings.

What happens after the farmer's death?

PM-KMY also provides a family-pension provision.

If a subscriber dies while receiving the pension, the spouse can receive 50% of the subscriber's pension as family pension, subject to the scheme's conditions.

That means the spouse may receive ₹1,500 per month under the family-pension provision.

Can PM-KISAN beneficiaries use their benefits for PM-KMY?

Eligible small and marginal farmers can also choose to use their PM-KISAN benefits towards their voluntary contributions to PM-KMY.

For this, the farmer has to submit the required enrolment and auto-debit mandate. The applicable contribution can then be deducted from the bank account into which PM-KISAN benefits are credited.

Why is this scheme important?

Agriculture provides income to millions of families, but small and marginal farmers may have limited access to formal retirement-security arrangements.

PM-KMY attempts to address this gap by combining the farmer's contribution with an equal government contribution and providing a defined pension after the age of 60.

The scheme therefore focuses not only on agricultural income during a farmer's working years but also on financial security in old age.

Farmers should check eligibility before applying

Farmers interested in PM-KMY should first verify their landholding details, age, existing social-security coverage and other eligibility conditions.

It is also important to understand the contribution requirements and scheme rules before enrolling.

For eligible small and marginal farmers, PM-KMY provides a government-supported route toward a regular pension in old age, with an additional family-pension provision for the spouse under the applicable conditions.