Funds Allocation Under PMKMY
Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) is a significant initiative by the Indian government aimed at providing a safety net for small and marginal farmers. This voluntary pension scheme targets individuals aged between 18 and 40, offering a guaranteed monthly pension of ₹3,000 upon reaching 60 years of age. The scheme requires a monthly contribution that varies based on the farmer’s age at the time of enrollment, with the government matching these contributions. The Life Insurance Corporation of India manages the fund for this scheme, which is exclusively available to small and marginal farmers without any state-wise allocation.
Overview of the PM-KMY Scheme
The Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) is designed to enhance the financial security of small and marginal farmers in India. The scheme provides a minimum assured pension of ₹3,000 per month once beneficiaries reach the age of 60. To enroll, farmers must be between 18 and 40 years old and contribute between ₹55 and ₹200 monthly, depending on their age at enrollment. This structure allows for a gradual buildup of pension funds, ensuring that farmers can rely on a steady income during their retirement years. The government also plays a crucial role by matching the contributions made by the farmers, thereby increasing the total pension amount available to them.
The scheme is particularly beneficial for small and marginal farmers, who often lack access to traditional pension plans and financial security. By focusing on this demographic, the PM-KMY aims to alleviate poverty and provide a safety net for those who have dedicated their lives to agriculture. The initiative reflects the government’s commitment to improving the livelihoods of farmers and ensuring their welfare in old age.
Enrollment Statistics Across India
As of July 31, 2025, the PM-KMY has seen substantial enrollment across various states in India. A total of 2,488,477 farmers have registered for the scheme, highlighting its widespread acceptance and the need for such a safety net among the farming community. States like Haryana and Andhra Pradesh have reported significant numbers, with Haryana alone enrolling over 574,491 farmers. This indicates a strong response to the government’s efforts to provide financial security to farmers.
The enrollment data showcases the geographical spread of the scheme, with states like Bihar contributing significantly to the overall numbers. Bihar has enrolled 345,452 farmers, reflecting the importance of the scheme in regions where agriculture is a primary source of livelihood. The data also reveals that the scheme is not limited to any specific region, as farmers from various states have taken advantage of this initiative, demonstrating its relevance across the country.
District-wise Enrollment in Bihar
In Bihar, the PM-KMY has made a notable impact, with detailed district-wise enrollment statistics available. The district of Samastipur leads with 17,417 enrolled farmers, followed closely by Vaishali with 11,571. Other districts such as Sitamarhi and Madhubani have also shown significant participation, with 13,235 and 13,715 farmers enrolled, respectively. This distribution of enrollment indicates that the scheme is reaching various parts of the state, providing essential support to farmers in need.
The data further emphasizes the importance of localized efforts in promoting the scheme. District-level outreach and awareness campaigns have likely contributed to the high enrollment figures, ensuring that farmers are informed about the benefits and processes involved in joining the PM-KMY. The government’s focus on small and marginal farmers is evident in these statistics, as they represent a substantial portion of the agricultural workforce in Bihar.
Government’s Commitment to Farmer Welfare
The PM-KMY is part of the Indian government’s broader strategy to enhance the welfare of farmers and ensure their financial stability. Minister of State for Agriculture and Farmers Welfare, Shri Ramnath Thakur, highlighted the importance of this scheme in a recent Lok Sabha session, emphasizing the government’s commitment to supporting the agricultural community. By providing a structured pension plan, the government aims to reduce the financial burden on farmers as they age, allowing them to retire with dignity.
This initiative is a testament to the government’s recognition of the challenges faced by farmers, particularly in rural areas where economic opportunities are limited. The PM-KMY not only addresses immediate financial concerns but also promotes long-term sustainability in the agricultural sector by encouraging farmers to plan for their future. As the scheme continues to evolve, it is expected to play a crucial role in transforming the lives of millions of farmers across India, ensuring that they have the necessary support during their retirement years.
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