Pension Schemes

Most farmers have no employer, no provident fund, and no retirement salary — when they can no longer work the land, their income simply stops. Pension schemes in this category fix that gap: the farmer pays a small affordable amount each month during working years, the government matches it, and from age 60 the farmer receives a fixed monthly pension for life. Enrollment is voluntary and typically done through Common Service Centres (CSCs) in the village.

Schemes in this category

• PM-KMY — Pradhan Mantri Kisan Maandhan Yojana — Small and marginal farmers (up to 2 hectares) aged 18–40 contribute Rs 55–200 per month, matched equally by the government, and receive an assured Rs 3,000 monthly pension from age 60.