Question

What is the age range for farmers to enrol in the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)?

• A. 18–30 years
• B. 18–40 years
• C. 21–45 years
• D. 25–50 years

Answer 1

Answer:

B. 18–40 years

Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)

• The Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) is a pension scheme specifically designed for small and marginal farmers in India.

• To be eligible for this scheme, an applicant must fall within a specific age bracket.

• The required age range for farmers to enroll in the PM-KMY is from 18 years to 40 years.

• Upon reaching the age of 60, eligible farmers will receive a minimum guaranteed monthly pension of ₹3,000.

• This scheme aims to provide a social security net for farmers, ensuring financial stability in their old age.

• Farmers who are in the age group of 18-40 years can opt to join the scheme and contribute regularly until they attain the age of 60.

• The scheme is a voluntary and contributory pension scheme.

• The Government of India also makes a contribution to the Pension Fund for eligible farmers.