Securing Farmers’ Future with Dignity

This PIB backgrounder marks seven years of the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY), a voluntary and contributory old-age pension scheme launched in September 2019 for small and marginal farmers. Administered by the Department of Agriculture and Farmers Welfare and implemented via the Life Insurance Corporation of India (LIC), the Central Sector Scheme provides a minimum assured pension of ₹3,000 per month to eligible farmers upon attaining 60 years of age. As of February 2026, over 24.96 lakh farmers have enrolled nationally, supported by ₹540.66 crore in public investment. The scheme incorporates a shared contribution model, family pension provisions, and a digital enrollment process through Common Service Centres.