Farmers often depend on seasonal agricultural income, which can make financial planning for old age difficult. The Government of India’s Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) is designed to provide pension support to eligible small and marginal farmers after they reach the age of 60.

The scheme recently completed seven years. According to the government, more than 24.96 lakh farmers had enrolled in the scheme by February 2026.

What is PM Kisan Maandhan Yojana?

PM-KMY is a voluntary and contributory pension scheme launched in September 2019 for eligible small and marginal farmers.

Under the scheme, eligible farmers contribute a fixed monthly amount towards their pension. The Central Government also makes a matching contribution.

After the beneficiary reaches the age of 60, the scheme provides an assured pension of ₹3,000 per month, subject to the applicable scheme conditions.

Who can join the scheme?

The scheme is primarily intended for small and marginal farmers who meet the prescribed eligibility conditions.

The age at entry is generally between 18 and 40 years. The amount that the farmer contributes depends on the age at which he or she joins the scheme.

For example, a person joining at a younger age contributes a lower monthly amount compared with someone entering the scheme closer to the age of 40.

The government makes a matching contribution to the pension account.

How does the pension work?

The basic structure is simple:

Before 60:
The farmer and the government make contributions according to the applicable contribution schedule.

After 60:
The eligible subscriber receives an assured monthly pension of ₹3,000.

The scheme is therefore intended to create a long-term social-security benefit rather than provide immediate financial assistance.

What happens if the subscriber dies?

The scheme also contains provisions relating to the subscriber's spouse.

According to the government's scheme framework, after the subscriber's death, the spouse can receive 50% of the pension as family pension, subject to the applicable rules.

This provides an additional layer of financial support for the farmer's family.

How many farmers have enrolled?

The government reported 24,96,252 enrolments under PM-KMY as of 6 February 2026.

The scheme has been implemented across different parts of the country, with Haryana and Bihar among the States reporting large numbers of enrolments in the government's latest update.

Why is this scheme important?

Unlike schemes that provide one-time financial assistance, PM-KMY focuses specifically on long-term pension security.

For eligible farmers who do not have access to a formal employer-sponsored pension, the scheme can provide a structured mechanism for building retirement support.

However, farmers should check the eligibility conditions and contribution requirements before enrolling.

How can farmers find out more?

Farmers interested in PM-KMY can approach the appropriate Common Service Centre (CSC) or government agriculture-related service channel to check their eligibility and complete registration.

Applicants should keep their identification, bank-account and landholding-related information available as required for verification.