TAD NewsDesk, New Delhi: Under the Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY), a monthly pension of Rs 3000 is announced to be provided to be eligible farmers after the age of 60.
The scheme was introduced in September 2019 and aimed to cover about 5 crore beneficiaries up to 2021-22 fiscal, which has been revised downwards to 3 crores.
The PMKMY is a pension scheme for small and marginal farmers having cultivable land up to 2 hectares. Farmers within the age group of 18-40 years are eligible to get themselves enrolled under the scheme. The scheme aims at providing an assured pension of Rs 3,000 per month once the farmer attains the age of 60 years.
The PMKMY has claimed this scheme to be a flagship social security scheme to give financial assistance to those who are in real need of financial security to the most deprived section of society.
The panel said,
“However, the committee is not happy with very low level of enrolment under the scheme till date.”
The panel asked the ministry to enquire the reason for this low subscription to the scheme and to suggest options to make it look more lucrative for the farmers.
Source: Economic Times