A CONCEPTUAL STUDY ON PRADHAN MANTRI KISAN MAANDHAN YOJANA SCHEME

It is the duty of the governments to take care of under-privileged people like small farmers, labors, street beggars etc.  the present central government has under taken its promising steps for the development of these people through certain social welfare schemes such as Pradhan Mantri Jan Dhan Yojana, Pradhaman Mantri Shram Yogic Scheme, Pradhan Mantri Kisan Maandhan Yojana (PMKMY) etc. The central government’s PMKMY aims to provide social security to small and marginal farmers who have land less than two hectares. Under this scheme, the farmers can voluntarily contribute monthly premium from the age of 18 to 60 years. The premium is automatically calculated on the basis of age of the farmer ranging from Rs. 55 to Rs. 200. After attaining the age of 60 years, the scheme will be automatically matured, the subscriber is eligible to get minimum of Rs. 3,000 per month. It is a scheme sponsored by the central government through Life Insurance Corporation of India. If the subscriber is dead before his 60 years, his wife is eligible to continue the scheme. She is also eligible to get 50 percent of the monthly pension up to her life time. So, in this way it is helping out marginal farmers all over the India. There are around 8,56, 62,473 farmers were registered as on the date of 30/06/2023. Uttar Pradesh tops and Goa is the least in the registration to the scheme. Common Service Centers plays a pivotal role in the registration of PMKMY. The present study reveals that the Pradhan Mantri Kisan Maandhan Yojana is a concern taken by the central government. Since there is 50:50 contribution, it is a good scheme to the small and marginal farmers.


DOI:

Article DOI: 10.62823/02.02.6549

DOI URL: https://doi.org/10.62823/02.02.6549


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