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PM Kisan Maandhan Yojana in India is a government initiative aimed at providing financial security to small and marginal farmers in their old age. This scheme is a part of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) program, which aims to ensure a minimum income for farmers. Understanding the key features of PM Kisan Maandhan Yojana is essential for farmers to avail themselves of its benefits and secure their future.

One of the primary features of PM Kisan Maandhan Yojana is its voluntary nature, allowing farmers between the ages of 18 to 40 years to enrol themselves. Upon enrollment, farmers need to contribute a small amount of their income towards the scheme, ensuring a steady pension after attaining the age of 60.

The scheme offers a fixed monthly pension ranging from Rs. 3000 to Rs. 5000, depending on the contribution made by the farmer during their working years. This pension provides a crucial financial cushion during old age, helping farmers lead a dignified life post-retirement.

Additionally, PM Kisan Maandhan Yojana guarantees life insurance coverage of Rs. 2 lakh in the event of the farmer's demise. This ensures financial support to the farmer's family members, further strengthening their financial stability.

This scheme serves as a crucial support system for farmers who often lack formal pension plans or retirement benefits. It provides them with a financial safety net, ensuring a dignified life post-retirement.

Overall, PM Kisan Maandhan Yojana in India plays a pivotal role in addressing the financial vulnerabilities of farmers in their old age. By providing them with a reliable source of income post-retirement, the scheme contributes to the welfare and well-being of the farming community across the country. You can find out all there is to know about tractorand agricultural equipment at Tractorkarvan.

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