Bajaj Finserv
|

Bajaj Finance Limited

|
English
  • English - EN
  • हिंदी - HI (BETA)
Sign In
EMI Card
Notifications
Notifications
Cart
Partners
  • Fixed Deposit (IFA) Partner Fixed Deposit (IFA) Partner
  • Loan (DSA) Partner Loan (DSA) Partner
  • Debt Management Partner Debt Management Partner
  • EMI Network Partner EMI Network Partner
  • Become a Merchant Become a Merchant
  • Partners Sign In Partners Sign In
Menu
  • Loans
  • All on EMI
  • Bajaj Mall
  • Card
  • Investments
  • Insurance
  • Payments
  • Offers
  • Services
  • About Bajaj Finserv
  • Pay EMI Pay EMI
  • Do not call Do not call
  • Download the app Download the app
  • Home
  • Account
  • More
  • Pay EMIs
  • Menu
  • Life Insurance
  • Investment Plans
  • Saving Plans
  • ULIP Plans

Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY): Explained

Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY) offers a pension to low-income land-holding farmers above 60. Check key benefits, eligibility, and application process in detail.

Explore a range of savings and investment plans and select one that suits your needs:

Published Jul 11, 2025 · 3 Min Read

Copy Link
Email
Facebook
Link copied

Change font size

Sample text size

Selecting different sizes will adjust the size of these words accordingly. Any changes made here will affect the majority of the text displayed on your device.

Ensuring the financial security of farmers is crucial to India’s economic well-being, as a significant portion of the population relies on agriculture for their livelihood. The Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY) was launched to provide small and marginal farmers with a pension scheme, offering a steady income post-retirement. With the government’s support, this scheme helps farmers build a secure financial future, alleviating concerns about income during their later years. In addition, complementary solutions like term insurance plans can further enhance financial protection. Explore the PMKMY scheme, its eligibility, benefits, and how to register.

Overview of Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY)

The PMKMY scheme is a pension initiative introduced by the Indian government in 2019. It aims to offer financial assistance to small and marginal farmers by providing a monthly pension after they reach the age of 60. Under this scheme, farmers contribute a small monthly amount, matched by the government, which accumulates into a pension fund. On reaching the retirement age, enrolled farmers receive a monthly pension, ensuring they have a steady income to rely on. The PMKMY yojana reflects the government’s commitment to improving farmers' welfare and reducing financial insecurity. It also complements other financial tools like life insurance that secures families financially in the unforeseen times.

Features of Pradhan Mantri Kisan Mandhan Yojana (PMKMY)

The Maan Dhan Yojana, officially known as the Pradhan Mantri Kisan Mandhan Yojana (PMKMY), is a government-backed pension scheme for small and marginal farmers. It offers a fixed monthly pension of Rs. 3,000 after the age of 60, helping ensure financial stability in retirement. Farmers between 18 to 40 years of age can enrol by contributing a small monthly amount until they turn 60. The government matches their contribution, making it a shared-effort scheme with long-term benefits for rural India.

Key benefits of PMKMY

The PMKMY yojana provides several benefits to farmers, promoting long-term financial stability and offering peace of mind.

  • Monthly pension: Farmers receive a monthly pension of Rs. 3,000 after turning 60, providing consistent income.
  • Government contribution: The government matches farmers’ contributions, enhancing the pension fund’s growth.
  • Family support: In case of a farmer’s death, the spouse can continue receiving benefits at 50% of the pension amount.
  • Low contribution: Farmers contribute a nominal amount based on their age, making it affordable for small-income households.
  • PMKMY card: Registered farmers receive a PMKMY card, confirming their participation in the scheme and ensuring easy access to benefits.

Also, read:

Term insurance plans

Eligibility criteria for PMKMY

To enrol in the PMKMY scheme, farmers must meet specific eligibility requirements. These criteria ensure that the scheme benefits small and marginal farmers who need financial support the most.

  • Age requirement: Farmers between 18 and 40 years can register for the scheme.
  • Land ownership: Applicants must own up to two hectares of cultivable land.
  • Income criteria: The scheme is designed for small and marginal farmers, so applicants should not have high taxable income.
  • Exclusions: Individuals already receiving government pensions, income taxpayers, or professionals registered under certain categories (like doctors or engineers) are ineligible.

Documents required for PMKMY registration

Following are the documents you need to provide when registering for PMKMY:

  • Aadhaar card
  • Savings bank account details
  • Age and income proof
  • Land ownership certificate
  • Mobile number

How to apply for PMKMY scheme (PM Kisan Mandhan Yojana)?

Enrolling in the PMKMY scheme is straightforward, and farmers can complete the process online or at Common Service Centres (CSCs).

  • Online registration: Farmers can visit the PMKMY online registration portal and fill in the necessary details, including personal and land information.
  • Visit CSCs: Alternatively, they can visit a nearby Common Service Centre (CSC) with their Aadhaar card, land documents, and bank account details.
  • Submit documents: Ensure that required documents, such as Aadhaar and bank passbooks, are submitted during the registration process.
  • Receive PMKMY card: After verification, the farmer receives a PMKMY card, signifying successful enrolment and providing proof of registration.
  • Contribute regularly: Farmers make monthly contributions, which are automatically deducted from their bank accounts.


Monthly contribution for the PMKMY scheme

  • Monthly contributions range from Rs. 55 to Rs. 200 based on the farmer’s entry age.
  • For example, an 18-year-old contributes Rs. 55/month, while a 40-year-old contributes Rs. 200/month.
  • The government contributes an equal amount every month.
  • Contributions continue until the farmer turns 60.


Does the candidate get any benefits if leaves the PMKMY scheme?

  • If exited before 60, the contribution plus interest (at savings account rate) is refunded.
  • In case of death, the spouse may continue or withdraw the scheme benefits.
  • If both pass away, the corpus goes back to the pension fund.
  • Flexibility ensures farmers don’t lose their savings.

Conclusion

The PMKMY scheme is a valuable initiative by the Indian government, offering financial security to small and marginal farmers during their retirement years. By providing a monthly pension, matched contributions, and family support options, PMKMY helps protect the livelihoods of India’s agricultural backbone. Through a simple registration process and affordable contributions, farmers can build a secure future for themselves and their families. For those eligible, enrolling in the PMKMY scheme can be a step towards financial independence in later years, empowering them to focus on their work without worries about post-retirement stability.


Related article:

What is Term Insurance

Family Term Insurance

Life cover under Pradhan Mantri Jan Dhan Yojana

RajSSP

Bhagya Lakshmi Yojana

Janashree Bima Yojana

Related Articles

Article 1

How to Plan Your Retirement Budget: Important Key Steps

Aug 24, 2024

Read More

Article 2

What is ULIP?

Apr 01, 2025

Read More

Article 3

Term Insurance with Return of Premium

Sep 02, 2024

Read More

Article 4

How child insurance plans help you prepare for your child’s education expenses?

Feb 01, 2023

Read More

Related videos

Life insurance features and benefits
 
 

Life insurance features and benefits

Secure your family's future with Bajaj Allianz Life Insurance - Smart Protect Goal Plan
 
 

Secure your family's future with Bajaj Allianz Life Insurance - Smart Protect Goal Plan

Save tax with life insurance
 
 

Save tax with life insurance

Add-on covers on life insurance
 
 

Add-on covers on life insurance

Frequently asked questions

What is the PMKMY scheme?

The Pradhan Mantri Kisan Maan-Dhan Yojana (PMKMY) is a government initiative that offers a pension of ₹3,000 per month to small and marginal farmers after they turn 60. It aims to provide financial security for farmers during their retirement years.

Who can benefit from the PMKMY scheme?

Farmers aged between 18 and 40, owning up to 2 hectares of cultivable land, are eligible for PMKMY. The scheme is aimed at small and marginal farmers with low taxable income, excluding those already receiving pensions or income tax payers.

How can farmers register for the PMKMY scheme?

Farmers can register online through the PMKMY portal or visit Common Service Centres (CSCs) with documents like Aadhaar, land records, and bank account details. Upon successful registration, farmers receive a PMKMY card for proof of participation.

What are the benefits of the PMKMY scheme?

PMKMY provides farmers with a guaranteed monthly pension of Rs. 3,000 after the age of 60. It also offers family support in case of the farmer's death and government matching contributions. The scheme ensures financial security during retirement.

Is there a minimum contribution for PMKMY?

Yes, farmers must contribute a nominal monthly amount based on their age, which is matched by the government. The contribution is affordable and designed to ensure farmers can build a pension fund for their post-retirement years.

What documents are required to enroll in the PMKMY scheme?

To register for the Maan Dhan Yojana, farmers need their Aadhaar card, savings bank account details, land ownership proof, age verification, and a valid mobile number for updates and verification.

Can farmers opt out of the PMKMY scheme after registration?

Yes, farmers can exit the scheme anytime. If they opt out before turning 60, their contributions—along with applicable interest—are refunded. In case of death, benefits may continue for the spouse or be returned.

Is the PMKMY scheme available in all Indian states?

Yes, the Pradhan Mantri Kisan Mandhan Yojana is available across all Indian states and Union Territories, ensuring that small and marginal farmers nationwide can benefit from this pension scheme.

Show More Show Less

Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, The New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.

You are here

  1. Home
  2. PMKMY

Related Links

  • Life Insurance
  • Endowment
  • Term Insurance
  • ULIP

 Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators.
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Download app image

Download App

Now request money from your friends and family and make instant payments.

Download App
  • 1.  Apply for Loans: Choose from personal, business, gold loans and more
  • 2. Transact: Pay utility bills, use UPI, get FASTag and more
  • 3. Shop: Buy over 1 million products on No Cost EMI
  • 4. Invest: Buy stocks, mutual funds and invest in FD

Go To Top

Application Forms

  • Personal Loan
  • Business Loan
  • Home Loan
  • Gold Loan
  • Insta EMI Card
  • Wallet Care
  • Health Insurance
  • Loan for Doctors
  • Fixed Deposit
  • Loan Against Property
  • Loan for Chartered Accountants
  • Open Demat Account
  • Two-wheeler Loan
  • New Car Finance
  • Used Car Loan
  • Loan Against Car
  • Car Loan Balance Transfer and Top-up
  • Mutual Fund
  • Secured Business Loan
  • Loan for Lawyer

Products Portfolio

Loans

  • Personal Loan
  • Insta Personal Loan
  • Business Loan
  • Home Loan
  • Gold Loan
  • MSME Loan
  • Mortgage Loan
  • Loan Against Property
  • Two & Three Wheeler Loan
  • Education Loan on Property
  • Personal Loan for Self-employed Individuals
  • Two-wheeler Loan
  • New Car Finance
  • Used Car Loan
  • Loan Against Car
  • Car Loan Balance Transfer and Top-up
  • Used Cars and Loan

Insurance

  • Insurance
  • Health Insurance
  • Life insurance
  • Term Insurance
  • ULIP Plans
  • Car Insurance
  • Pocket Insurance
  • Investment Plans
  • Appliances Extended Warranty
  • Pocket Subscription

Finance for Professionals

  • Loan for Doctors
  • Loan for Chartered Accountants

Investments

  • Fixed Deposit
  • Open Demat Account
  • Mutual Funds
  • NFO (New Fund Offer)
  • ELSS Mutual Funds
  • Equity Mutual Funds
  • Hybrid Mutual Funds
  • Debt Mutual Funds
  • Multi Cap Mutual Funds
  • Large Cap Mutual Funds
  • Mid Cap Mutual Funds
  • Small Cap Mutual Funds
  • Liquid Mutual Funds
  • Aggressive Hybrid Mutual Funds

Pocket Subscription

  • Mobile Protection Plan
  • Wallet Care
  • Fonesafe Lite
  • Neuro Care Plan
  • Health Prime Max
  • Cpp Road Assist
  • Healthy Body Package

Bajaj Mall

  • Smartphones
  • Mattress
  • Smartwatches
  • Cycles
  • Music & Audio
  • Speakers
  • Water Purifiers
  • Laptops
  • Two-wheeler
  • Washing Machine
  • Televisions
  • Air Conditioner
  • Refrigerators
  • Furniture

Services

  • Sign-in to our Customer Portal (My Account)
  • Manage your Profile
  • Manage your Mandate
  • Manage your Loans
  • Manage your Flexi Loans
  • Manage your Insta EMI card
  • Manage your Fixed Deposit

Wallets & Cards

  • Wallet
  • Bajaj Finserv Insta EMI Card

Value Added Services

  • Credit Pass
  • Gold Rate

Payments

  • All Payments
  • Wallet
  • UPI
  • Mobile recharge
  • Electricity Bill Payment
  • DTH Recharge
  • Loan Repayment
  • Gas Booking
  • Rewards
  • Bajaj Pay FASTAg
  • Bajaj Pay Wallet KYC Upgrade
  • Bajaj Pay FASTAg Registration
  • Bajaj Pay FASTag Replacement
  • Bajaj Pay FASTag Closure
Pre-approved Offers
Offers & Promotions
Article and Insights

Calculators

  • Personal Loan EMI Calculator
  • Home Loan EMI Calculator
  • Home Loan Eligibility Calculator
  • Business Loan EMI Calculator
  • Personal Loan Eligibility Calculator
  • Loan Against Property EMI Calculator
  • Education Loan on Property Calculator
  • FD Calculator
  • Gratuity Calculator
  • Income Tax Calculator
  • Top-up Loan Calculator
  • Part-prepayment Calculator
  • GST Calculator
  • Gold Loan Calculator
  • EMI Calculator
  • Used Car Loan EMI Calculator
  • Interest Calculator
  • SIP Calculator
  • Credit Score Simulator
  • Flexi Day Wise Interest Calculator
  • Flexi Transaction Calculator
  • Secured Business Loan EMI Calculator
  • Secured Business Loan Eligibility Calculator
  • Lumpsum Calculator
  • Step Up SIP Calculator
  • BMI Calculator
  • IDV Calculator
  • Commercial Loan EMI Calculator
  • Medical Equipment Finance EMI Calculator
  • Term Loan Calculator
  • Equipment Machinery Loan EMI Calculator
  • Doctor Loan EMI Calculator
  • Doctor Loan Eligibility Calculator
  • Chartered Accountant Loan EMI Calculator
  • Simple Interest Calculator
  • Compound Interest Calculator
  • Brokerage Calculator
  • Mutual Fund Calculator
  • Two wheeler Loan EMI Calculator
  • New Car Loan EMI Calculator

Legal

  • Moratorium Policy (Covid-19)
  • Moratorium Policy March 2020
  • Information Security Practices
  • Information Security Measures
  • Citizens Charter
  • Privacy Policy
  • Phishing
  • Disclaimer
  • Forms Centre
  • Fees & Charges
  • Fair Practices Code
  • Interest Rate Policy
  • Disclosures
  • Cautionary Notice
  • Whistle Blower Policy
  • Confidential Feedback
  • Resolution Plan 2.0
  • Terms & Conditions
  • Resolution Plan 2.0 FAQs
  • Ombudsman Scheme
  • SMA/NPA Account Classification
  • Terms of Use
  • Sachet
  • Handover of Property Documents
  • Notices
  • Policy on Fees & Charges
  • BFL - Floating Reference Rates

Reach Us

  • Contact us
  • Raise A Request
  • Frequently Asked Questions
  • Make Online Payment
  • Branch Locator
  • Our Partners
  • Galaxy - Partner portal
  • Bajaj Finserv for Business
  • Call Us

Corporate Office

6th Floor Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411014

Bajaj Finance Limited Regd. Office

Akurdi, Pune - 411035
Ph No.: 020 7157-6403
Email ID: investor.service@bajajfinserv.in

Corporate Identity Number (CIN)

L65910MH1987PLC042961

IRDAI Corporate Agency (Composite) Regn No.

CA0101
(Valid till 31-Mar-2028)

URN - WEB/BFL/23-24/1/V1

Bajaj Finserv Limited Regd. Office

Bajaj Auto Limited Complex Mumbai - Pune Road,
Pune - 411035 MH (IN)
Ph No.: 020 7157-6064
Email ID: investors@bajajfinserv.in

Corporate Identity Number (CIN)

L65923PN2007PLC130075

Our Companies

  • Bajaj Finserv Ltd.
  • Bajaj Finance Ltd.
  • Bajaj Allianz General Insurance
  • Bajaj Allianz Life Insurance
  • Bajaj Markets
  • Bajaj Housing Finance Ltd.
  • Bajaj Broking
  • Bajaj Finserv Health Ltd.
  • Bajaj Finserv Asset Management Ltd.
Company Name
Download App

© Bajaj Finserv 2007-2025. All rights reserved.