Old age benefits plot
With the objective to present an advanced age benefits plot for all land-holding Small and Marginal Farmers (SMFs), the central government has presented the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY).
Every one of the recipients of the Pradhan Mantri Kisan Samman Nidhi scheme are likewise qualified for this annuity scheme.The Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers’ Welfare in a joint effort with the Life Insurance Corporation of India, directs the PM-KMY.
The plan
The plan ensures all land-holding Small and Marginal Farmers (SMFs) a month to month benefits of Rs 3,000 after arriving at the age of 60. It is an intentional and contributory benefits with a passage age scope of 18 to 40 years. Contingent upon the age of the farmers’ enrolment in the plan, the month to month commitment ranges between Rs 55 and Rs 200.
Qualification
All SMFs in all states and Union Territories of the country, who are of the age of 18 years or more and up to the age of 40 years, and who don’t fall inside the domain of the avoidance measures as referenced underneath, are qualified to profit of the advantages of the plan by going along with it.
Prohibition
As per the PM kisan site, beneath are the people who are not qualified to this benefits scheme.
1. SMFs covered under some other legal government backed retirement plans, for example, National Pension Scheme (NPS), Employees’ State Insurance Corporation conspire, Employees’ Fund Organization Scheme etc.
2. Farmers who have picked Pradhan Mantri Shram Yogi Maan Dhan Yojana (PMSYM) controlled by the Ministry of Labor and Employment
3. Farmers who have picked Pradhan Mantri Laghu Vyapari Maan-dhan Yojana (PM-LVM) controlled by the Ministry of Labor and Employment
4. Further, the accompanying classes of recipients of higher financial status will not be qualified for benefits under the plan: All Institutional Land holders; and Former and present holders of protected posts and previous and present Ministers/State Ministers and previous/present Members of Lok Sabha/Rajya Sabha/State Legislative Assemblies/State Legislative Councils, previous and present Mayors of Municipal Corporations, previous and present Chairpersons of District Panchayats.
5. All serving or resigned officials and representatives of Central/State Government Ministries/Offices/Departments and their field units, Central or State PSEs and Attached workplaces/Autonomous Institutions under Government as well as standard representatives of the Local Bodies (Excluding Multi Tasking Staff/Class IV/Group D employees)
6. All people who paid Income Tax in the last evaluation year.7. Experts like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects enlisted with proficient bodies and undertaking practice.
PM Kisan recipients
The SMFs will have the choice to deduct their intentional commitments to the PM-Kisan Scheme from the monetary benefits they have gotten from the PM-Kisan Scheme.
Deposit
Qualified SMFs who wish to utilize their PM-Kisan advantage to add to the PM-KMY should sign and present an enrolment-cum-auto-charge command structure to approve programmed withdrawals from the ledgers into which their PM-Kisan benefits are credited. This will guarantee that their commitments are made on time.
For the individuals who are not recipients of PMKY
The qualified SMFs who are not PM-Kisan recipients or who have not approved installment from PM-Kisan benefits should present an enlistment cum-auto-charge command structure to approve the programmed charge of a ledger that is normally utilized by them for banking exercises.
