Grow Wise

The Kisan Pension Yojana is a government initiative aimed at providing financial security to farmers during their old age. This scheme offers a pension to eligible farmers, ensuring a stable income post-retirement. In this comprehensive guide tailored for the Indian audience, we’ll walk you through the process of applying for the Kisan Pension Yojana and explore its benefits in detail.

Understanding the Kisan Pension Yojana:

The Kisan Pension Yojana, also known as the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY), was launched by the Government of India to provide social security to small and marginal farmers. Under this scheme, eligible farmers are entitled to a monthly pension after attaining the age of 60 years. The scheme aims to address the financial insecurities faced by farmers in their old age and ensure their well-being.

Benefits of Kisan Pension Yojana:

1. Financial Security: Provides a regular pension to farmers after the age of 60, ensuring financial stability during old age.
2. Social Welfare: Promotes social welfare by supporting small and marginal farmers, empowering them with a source of income post-retirement.
3. Healthcare Coverage: Offers healthcare benefits to enrolled farmers, including access to affordable medical services and insurance coverage.
4. Empowerment of Rural Economy: Enhances the purchasing power and living standards of farmers, contributing to the overall empowerment of the rural economy.

Eligibility Criteria for Kisan Pension Yojana:

1. Age Requirement: Farmers must be between 18 and 40 years of age to enrol in the scheme.
2. Landholding Limit: Farmers should have a cultivable landholding of up to 2 hectares.
3. Aadhaar Card: Possession of a valid Aadhaar card is mandatory for enrolment.
4. Savings Bank Account: Farmers need to have a savings bank account for pension disbursement.
5. Income Level: No specific income criteria; open to all eligible farmers regardless of income level.
6. Documentary Proof: Submission of documents such as Aadhaar card, landholding documents, age proof, and bank account details is required during enrolment.
7. Amount: The pension amount provided to farmers under the scheme is currently set at Rs. 3,000 per month.

Required Documents for Applying to Kisan Pension Yojana:

1. Aadhaar Card:

   • Farmers need to provide a self-attested copy of their Aadhaar card as proof of identity and address.
2. Landholding Documents:Farmers need papers showing they own or rent land that can be farmed. These documents might include:
   • Land title papers: Proof that the farmer owns the land.
   • Lease agreements: If the land is rented, a paper showing the lease agreement.
   • Revenue records: Official documents from the government showing the farmer’s rights to the land.

3. Savings Bank Account Details:

   • Farmers are required to provide details of their savings bank account, including the account number, IFSC code, and branch details, for pension disbursement.

4. Age Proof:

   • Farmers need to submit documents proving their age, such as a birth certificate, Aadhaar card, or any other government-issued identity card.

5.  Photograph:

   • Recent passport-sized photographs of the farmer may be required for enrolment purposes.

6. Declaration Form:

   • Farmers may need to fill out a declaration form confirming their eligibility criteria and willingness to participate in the Kisan Pension Yojana.

7. Income Certificate:

   • In some cases, farmers may be required to submit an income certificate issued by the revenue authorities or village panchayat to validate their eligibility for the scheme.

8. Bank Account Aadhaar Linkage:

   • It is mandatory for farmers to link their Aadhaar number with their bank account for Direct Benefit Transfer (DBT) of pension amounts.
9. These documents are essential for the enrolment process and ensure that farmers meet the eligibility criteria for the Kisan Pension Yojana. It is advisable for farmers to keep these documents handy and provide accurate in format.

How to apply online:

1. Visit Official Website:
   • Go to the official website designated for the Kisan Pension Yojana. Click Here
   • State wise link of the website:
   • For UP: Click Here
   • For Uttarakhand: Click Here
2. Register or Login:
   • If you’re a new user, you may need to register on the website by providing basic details such as your name, Aadhaar number, mobile number, etc. If you’re already registered, simply log in using your credentials.
3. Fill Enrolment Form:
   • Once logged in, navigate to the section for Kisan Pension Yojana or PM-KMY enrolment. Fill out the enrolment form with accurate details such as your name, address, Aadhaar number, bank account details, and landholding information.
4. Upload Documents:
   • Upload scanned copies or clear photos of the required documents, including your Aadhaar card, landholding documents, age proof, and bank account details. Make sure the documents are legible and meet the specified file size and format requirements.
5. Submit Application:
   • Review the information provided in the enrolment form and attached documents for accuracy. Once verified, submit your application online.
6. Make Contribution:
   • After submitting the application, you may be directed to make the initial contribution towards the pension scheme. Follow the instructions provided on the website to complete the payment process securely.
7. Receive Confirmation:
   • Upon successful submission and payment, you’ll receive a confirmation message or email acknowledging your application. Note down any reference number or confirmation details provided for future reference.
8. Track Application Status:
   • Periodically check the status of your application by logging into your account on the website. You may receive updates on the processing of your application or any additional steps required.
9. Receive Pension Disbursement:
   • Upon reaching the age of 60, you’ll start receiving the monthly pension amount directly credited to your registered bank account through Direct Benefit Transfer (DBT).

How to apply offline:

1. Visit a Common Service Centre (CSC):
   • Farmers can visit the nearest Common Service Centre (CSC) in their locality. CSCs are designated by the government to facilitate various online services, including enrolment for government schemes.
2. Enrolment Form:
   • At the CSC or online portal, farmers need to fill out the enrolment form for the Kisan Pension Yojana. They should provide accurate details such as their name, address, Aadhaar number, bank account details, and landholding information.
3. Submission of Documents:
   • Farmers are required to submit supporting documents along with the enrolment form. This includes a self-attested copy of their Aadhaar card, landholding documents, age proof, and bank account details.
4. Contribution:
   • Upon enrolment, farmers need to make the initial contribution towards the pension scheme. The contribution amount varies based on the age of the farmer and is deducted from their savings bank account.
5. Acknowledgment:
   • After submitting the enrolment form and documents, farmers will receive an acknowledgment or reference number. This serves as confirmation of their application for the Kisan Pension Yojana.
6. Pension Disbursement:
   • Upon reaching the age of 60 years, enrolled farmers become eligible to receive a monthly pension under the scheme. The pension amount is credited directly to the farmer’s bank account through Direct Benefit Transfer (DBT) mode.
7. Follow-Up:
   • Farmers should periodically follow up with the concerned authorities or CSCs to track the status of their application and ensure timely disbursement of pension benefits.

Conclusion: The Kisan Pension Yojana is a significant initiative aimed at providing social security to farmers and ensuring their well-being during old age. By following the steps outlined in this guide, eligible farmers can easily apply for the scheme and avail themselves of its benefits. The Kisan Pension Yojana not only offers financial security but also empowers farmers and strengthens the agricultural sector, contributing to the socio-economic development of rural India.

Please note:

• GrowWise is not registered with the Securities and Exchange Board of India (SEBI) as an investment advisor, research analyst, or portfolio manager.
• The information published on this blog is presented for educational purposes only and should not be construed as financial advice.
• We strongly recommend that you seek the advice of a qualified financial advisor before making any investment decisions.