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Current Affairs

Pradhan Mantri Kisaan Mandhan Yojana and other schemes

Date: 14 September 2019 Tags: Society

IssueCOMMENT

Prime Minister Narendra Modi will launch ‘Pradhan Mantri Kisan Mandhan Yojana’ for the nation. He will also launch the ‘Pradhan Mantri Laghu Vyaparik Mandhan Yojana’ and ‘Swarojgar’ pension schemes.

 

Background

Kisan Maandhan Yojana, is a government initiative meant to provide social security to small and marginal farmers in their old age. It will be carried out under Ministry of Agriculture and Farmer’s welfare.

 

Details

  • Monthly pension under ‘Pradhan Mantri Kisan Mandhan Yojana’ is being introduced as a social security to farmers.

  • Agriculturalists between 18 and 40 years of age can register themselves under the scheme by contributing certain amount and the same amount will be contributed by the government.

  • They will get Rs 3,000 pension per month after reaching 60 years of age.

  • Under the ‘Pradhan Mantri Laghu Vyaparik Mandhan Yojana’ and ‘Swarojgar pension schemes’, beneficiaries between 18 and 40 years will get Rs 3,000 per month after completing 60 years of age.