MINISTER OF AGRICULTURE AND FARMERS WELFARE
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(a) to (e): A statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF LOK SABHA STARRED QUESTION NO.135 DUE FOR REPLY ON 07TH DECEMBER, 2021.
(a): Pradhan Mantri Kisan Maan Dhan Yojna (PM-KMY), a Central Sector Scheme is being implemented in order to provide social security net for the Small and Marginal Farmers (SMF) by way of pension, as they have minimal or no savings to sustain their livelihood and to support them in the event of consequent loss of livelihood. Under this scheme, the eligible small and marginal farmers get a minimum fixed pension of Rs. 3,000/- subject to certain exclusion criteria, on attaining the age of 60 years. The Scheme is a voluntary and contributory pension scheme, with entry age of 18 to 40 years. The eligible farmer may opt to become member of the Scheme by subscribing to a Pension Fund. The farmer is required to contribute Rs 100/ - per month at median entry age of 29 years. The Central Government also contributes to the Pension Fund in equal amount. The Contribution is made to a Pension Fund managed by the Life Insurance Corporation which is responsible for pension pay out.
Therefore, question to recover the amount provided to farmers due to wrong information does not rise.
(b) to (d): Does not arise in view of above.
(e): As PM-KMY Scheme is a voluntary and contributory pension Scheme, all the eligible farmers can get themselves registered under the Scheme. The number of farmers registered under the Scheme in Seoni and Balaghat districts of Madhya Pradesh is 15,432 and 2,255 respectively.
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