Question

Under Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) a monthly pension of_______ will be provided to all landholding Small and Marginal Farmers on attaining the age of 60 years.
1. Rs 2000
2. Rs 3000
3. Rs 5000
4. Rs 7000

Answer 1

Correct Answer - Option 2 : Rs 3000

Under Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) a monthly pension of Rs 3000 will be provided to all landholding Small and Marginal Farmers on attaining the age of 60 years.

Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY):

• PM-KMY is an old-age pension scheme for all landholding Small and Marginal Farmers (SMFs).
• The scheme is voluntary and contributory in nature.
• The entry age for this scheme is 18 to 40 years.
• A monthly pension of Rs. 3000 will be provided to them on attaining the age of 60 years.
• The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age of entry.
• The Central Government will also make an equal contribution of the same amount.
• The Life Insurance Corporation of India (LIC) shall be the Pension Fund Manager.