FAST READ
- PM-KMY completes seven years on 12 September 2026 after its launch on 12 September 2019.
- It provides an assured minimum pension of Rs 3,000 per month from age 60 to eligible small and marginal farmers.
- By 6 February 2026, 24,96,252 farmers had enrolled; Haryana led with about 5.75 lakh and Bihar had more than 3.46 lakh.
WHY IN NEWS
- The seven-year milestone renews attention to old-age income security in a sector characterised by small holdings, income volatility and limited formal pensions.
- The scheme is contributory, making enrolment, regular contribution and long-term retention as important as headline registration.
TOP DATA & FACTS
- PM-KMY was launched on 12 September 2019.
- It completed 7 years on 12 September 2026.
- The assured minimum pension is Rs 3,000 per month.
- Pension becomes payable from age 60 subject to scheme conditions.
- The scheme is meant for eligible landholding small and marginal farmers.
- Both eligible male and female farmers can join.
- Enrolment reached 24,96,252 by 6 February 2026.
- Haryana had around 5.75 lakh enrolments.
- Bihar had more than 3.46 lakh enrolments.
- Rs 540.66 crore had been utilised for implementation and outreach by February 2026.
- The scheme is contributory rather than a universal non-contributory pension.
- Contribution varies with the age at entry under the scheme design.
- The Union government makes a matching contribution under the contributory framework.
- The scheme is administered through the agriculture/social-security architecture with pension-fund management arrangements.
PRELIMS
- PM-KMY is an old-age pension scheme, not a crop-insurance scheme.
- The minimum assured pension is Rs 3,000 per month.
- Age 60 is the pension threshold under the scheme.
- It is targeted rather than a universal pension for every farmer.
- Contributory pension design differs from direct income support such as PM-KISAN.
- Small and marginal farmers are central to the scheme's eligibility framework.
QUICK REVISION
- Launch: 12 Sep 2019; seven years in 2026.
- Pension: Rs 3,000/month from age 60.
- Enrolment: 24.96 lakh+ by 6 Feb 2026.
- Haryana ~5.75 lakh; Bihar 3.46 lakh+.