The Government of India has launched a new initiative under the PM Kisan Yojana, where farmers will be eligible to get a monthly pension of ₹3,000 without spending any money. The objective of this program is to provide financial support and security to farmers during their retirement years. To avail this benefit, farmers have to fulfill certain criteria.
What is PM Kisan Yojana
PM Kisan Yojana, which was originally launched in 2019, aims to provide direct income support to small and marginal farmers across the country. Under this scheme, eligible farmers get ₹6,000 annually in three equal instalments. Based on this successful initiative, the government has now provided support to farmers for regular pensions after reaching a certain age.
Farmers should be above 60 years of age to get monthly pension. Further, they should be beneficiaries of PM Kisan Yojana and receive regular income support for at least 20 years. The accumulated amount from the income support received will be used for pension, so that the farmers can enjoy a secure retirement without any additional financial burden.
Eligible for Pension Without Spending Money
By expanding the PM Kisan Yojana to include a pension scheme, the government aims to address the long-standing issue of financial security for farmers during their old age. This initiative recognizes the immense contribution of farmers in the country’s agriculture sector and rewards their hard work and dedication.
The implementation of the pension scheme is expected to bring relief and happiness to farmers across the country. It provides a safety net by ensuring that farmers have a stable source of income even after retiring from active farming. This financial security will enable them to lead a comfortable and dignified life free from financial worries.
The new pension scheme of PM Kisan Yojana shows the commitment of the government towards the welfare of farmers. It not only acknowledges the challenges faced by farmers in later years but also tries to provide permanent solutions. By offering farmers a monthly pension without requiring them to spend their own money, the program promotes inclusion and aims to improve the overall quality of life for farmers and their families.
Finally, PM Kisan Yojana has launched a pioneering pension scheme that provides a monthly pension of ₹3,000 to farmers without any financial investment. By providing support beyond income support, the government is ensuring the financial well-being of farmers during their retirement years. This initiative recognizes their invaluable contribution in the agriculture sector and strives to provide them with a dignified and secure future.