Q. Consider the following statements regarding Pradhan Mantri Kisan Maan-dhan Yojana (PM-KMY):
1. It is an old age pension scheme to provide social security net to around 3 crore Small and Marginal old age farmers.
2. There is no ceiling of land owned by those who are opted for this scheme.
Which of the statements given above is/are correct?
It is an old age pension scheme to provide social security net to around 3 crore Small and Marginal old age farmers as they have minimal or no savings to provide for old age and to support them in the event of consequent loss of livelihood.
- Small and Marginal Farmer (SMF) of age of 18- 40 years – a farmer who owns cultivable land up to 2 hectares as per land records of the concerned State/UT.
- Exclusions: SMFs covered under any other statuary social security schemes such as National Pension Scheme (NPS), Employees’ State Insurance Corporation scheme, Pradhan Mantri Shram Yogi Maan Dhan Yojana (PM-SYM) etc.