PM-KMY Pension Scheme Completes Seven Years with 24.96 Lakh Farmers Enrolled

Key facts

• The Pradhan Mantri Kisan Maandhan Yojana (PM-KMY), launched on 12 September 2019, is a Central Sector Scheme administered by the Department of Agriculture & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, in partnership with Life Insurance Corporation of India (LIC).
• PM-KMY is a voluntary contributory old-age pension scheme for small and marginal farmers offering a minimum assured pension of ₹3,000 per month after the age of 60.
• As of 6 February 2026, the scheme has 24,96,252 enrolments nationwide, with Haryana leading at about 5.75 lakh, followed by Bihar with over 3.46 lakh, Jharkhand and Uttar Pradesh each above 2.5 lakh, and Chhattisgarh over 2 lakh.
• ₹540.66 crore has been utilized nationwide under PM-KMY since 2019 as of February 2026.
• Farmers contribute ₹55 to ₹200 monthly depending on entry age (18-40 years), with the Central Government matching equally, making total monthly contributions of ₹110 to ₹400.
• Eligibility requires small and marginal farmers with cultivable landholdings up to two hectares, aged 18-40 years, whose names appear in land records as of 1 August 2019.
• Exclusions include beneficiaries of other social security schemes (NPS, ESIC, PM-SYM, PM-LVM), institutional landholders, constitutional post holders, public representatives, government and public sector employees (except Multi-Tasking Staff, Class IV, and Group D), income tax payers, and registered professionals.
• After a subscriber's death, the spouse receives a family pension of 50% of the subscriber's pension (₹1,500 monthly), provided the spouse is not already a PM-KMY beneficiary.
• Enrollment is done through Common Service Centres (CSCs) using Aadhaar, bank account details, and mobile number OTP verification, with contribution frequency options of monthly, quarterly, four-monthly, or half-yearly cycles.
• Farmers may use PM-KISAN benefits for voluntary contributions through enrollment-cum-auto-debit mandates.
• False declarations lead to ineligibility for financial benefits, stoppage of government matching contributions, and refund of subscriber contributions without interest.